Dow Protocol Warns of Fraud by Fake OKX Ventures Impersonators

Dow Protocol issued a statement on Aug. 6 denying claims that OKX Ventures had invested in the project. The project said its upcoming investor list, due to be published this week, does not include OKX Ventures. According to Dow Protocol, a financial advisor who had known the team for five years created a fake group chat and arranged individuals to pose as OKX Ventures team members. They conducted a fake due diligence process, signed forged investment agreements, and charged the project a financial advisory fee. Dow Protocol said it has preserved evidence and taken action against those involved. It also cautioned other projects to independently verify identities and investment details through official channels, even if the person is introduced by a long-term partner.