★ Player

Andrei Grachev

Private Sector Figure

Actions: 1
Topics: 2

Andrei Grachev is an Uzbek-born crypto investor and managing partner of DWF Labs, the UAE-based market-making firm he founded in 2022. Before DWF Labs, he served as CEO of Huobi Russia and as an executive at the Russian Association of Cryptocurrency and Blockchain (RACIB). A Moscow criminal court convicted him of fraud in 2015 in a cargo-theft scheme, imposing a suspended three-year sentence and five-year probation; The Nation has documented allegations of investor losses across crypto ventures he ran during the probation period.

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April 2025

Russian-linked DWF Labs buys $25M in Trump crypto tokens

DWF Labs managing partner who orchestrated the $25 million WLFI purchase and was photographed in Dubai with Eric Trump. Uzbek-born, based in the UAE and Switzerland; convicted of fraud by a Moscow criminal court in 2015 (cargo-theft scheme, suspended sentence, five-year probation) and alleged to have run three failed crypto ventures during probation. Prior roles tie him to Russian state banks VEB and VTB through RACIB and VRM Trade. Publicly told reporters of the WLFI deal: "It cannot be a scam, right? And we have to invest."

$25M

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