A Singapore court has ordered two crypto industry figures to stop making threatening or defamatory statements against a Curve-linked contributor following a dispute tied to a 2025 decentralized finance exploit.
In a March 24 order seen by Cointelegraph, Singapore’s Protection from Harassment Court prohibited crypto wallet OneKey’s founder Wang Lei and the user behind the X account “web3feng” on X from posting statements alleging fraud or spreading false information about the claimant, identified in court documents as Wang Haoming, who appears to be the Curve contributor known as “Haowi Wong” on X.
The development follows online accusations that emerged after the June 2025 exploit of stablecoin protocol Resupply, which resulted in about $9.6 million in losses. Those accusations ended up in formal legal action being taken.
The court order bars threatening, abusive or insulting communications and requires the respondents to pay a total of 2,500 Singapore dollars (about $1,900) in compensation and costs by April 7.
Curve Finance told Cointelegraph on Tuesday that disputes in the crypto sector can cross “the line between legitimate and well-founded criticism and outright falsehoods and defamation,” adding that distorted claims can undermine trust and harm participants in the ecosystem.
Wang Lei and the user behind @web3feng did not immediately respond to requests for comment.
Excerpt from the court order. Source: Singapore State Courts
Dispute follows Resupply exploit and online allegations
Resupply confirmed in June 2025 that its wstUSR market was exploited through a price manipulation vulnerability, allowing an attacker to drain millions of dollars from the protocol.
The incident drew attention across the DeFi sector, with some market participants associating the exploit with Curve-related infrastructure due to the use of cvcrvUSD and vault integrations. However, Curve founder Michael Egorov previously said there was no Curve personnel working on the project.
**Related: **__Quantum computers need fewer qubits to crack crypto than thought: Google
In a statement sent to Cointelegraph on Tuesday, Curve community member Wang Haoming said that the situation intensified following the exploit. He said it led to continuous attacks and serious allegations from Wang Lei and the user behind “web3feng.”
“In an industry where trust is of fundamental importance, the repeated spread of misinformation carries real consequences.” Wang Haoming said.
**Magazine: **__Nobody knows if quantum secure cryptography will even work
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently. Read our Editorial Policy
- #Singapore
- #Law
- #Court
- #Regulation
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Criticized for freezing too slowly: USDC freezes are taking too long! Circle CEO: We will definitely wait for a court order before freezing; we refuse to freeze it on our own
Circle CEO Jeremy Allaire said the company will not proactively freeze wallet addresses unless it receives a court order or law-enforcement requirement. Even amid allegations of hacker money laundering and community backlash, Circle continues to insist on operating under the rule of law.
Jeremy Allaire sets Circle’s law-enforcement bottom line
-----------------------------
As the global cryptocurrency market surges with uncertainty, Circle’s CEO Jeremy Allaire, at a press conference in Seoul, South Korea, made a clear stance on the market’s most sensitive issue of “asset freezes.” He noted that while Circle has technical means to freeze specific wallet addresses, unless it receives a court order or an official directive from law-enforcement agencies, the company will not
CryptoCity6h ago
Criticized for freezing USDC too slowly! Circle CEO: We will definitely wait for the court’s order before freezing—refusing to freeze privately/by ourselves without authorization
Circle CEO Jeremy Allaire said the company will not proactively freeze wallet addresses unless it receives a court order or a request from law enforcement. Even amid hacker money-laundering disputes and community backlash, Circle still insists on operating in accordance with the rule of law.
Jeremy Allaire sets Circle’s law-enforcement bottom line
-----------------------------
As the global cryptocurrency market roils, Circle’s CEO Jeremy Allaire, the stablecoin issuer, delivered a clear stance on the most sensitive issue in the market at a press conference in Seoul, South Korea. He pointed out that although Circle has the technical means to freeze specific wallet addresses, unless it receives a court order or a formal instruction from law-enforcement authorities, the company will not take such action on its own.
CryptoCity9h ago
Attacker Exploiting Bridged Polkadot Vulnerability Transfers $269K to Tornado Cash
On April 15, Arkham reported that the attacker who exploited a Bridged Polkadot vulnerability transferred around $269,000 in stolen funds to Tornado Cash, complicating asset tracking.
GateNews10h ago
Is it possible that using a credit card to buy crypto could bypass Financial Supervisory Commission regulations? Odlinting is promoting Wallet Pro, a U.S. debit card crypto-buying service
The OwlPay and Wallet Pro services launched by OdinTing use stablecoin technology to enable B2B cross-border payments, and partner with international payment giants to demonstrate its ambition to expand in the fintech space. By operating from abroad, OdinTing bypasses Taiwan’s regulatory restrictions to provide fast virtual-asset trading. Meanwhile, facing the newly promulgated Virtual Asset Services Act, it is expected in the future to become a reference template for other foreign-invested companies entering the Taiwan market.
CryptoCity10h ago
Zerion Hot Wallet Loses $100K in AI-Driven Social Engineering Attack by North Korea-Linked Hackers
Zerion confirmed a recent AI-driven social engineering attack by North Korean hackers, resulting in a $100,000 loss from corporate hot wallets. User funds remain safe, and the company has taken precautionary measures. This follows another significant attack on Drift Protocol.
GateNews11h ago
Criticized for freezing USDC too slowly! Circle CEO: We will definitely wait for a court order to freeze it—refusing to freeze it on our own
Circle CEO Jeremy Allaire said that unless it receives a court order or a law-enforcement request, the company will not proactively freeze wallet addresses. Even amid disputes over hackers allegedly laundering money and backlash from the community, Circle remains committed to operating in accordance with the rule of law.
Jeremy Allaire sets Circle’s law-enforcement bottom line
-----------------------------
As developments surge across the global cryptocurrency market, at a press conference in Seoul, South Korea, Circle’s CEO Jeremy Allaire took a clear stance on the most sensitive issue in the market—“asset freezes.” He noted that while Circle has the technical means to freeze specific wallet addresses, unless it receives a court order or an official instruction from law-enforcement agencies, the company does not
CryptoCity13h ago
