Team other-protocol involvement history
OpenEden's assessment for RD-F-113 — scored yellow on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.
Evidence summary #
Core co-founders have clean institutional prior history (Gemini, Goldman Sachs, Bybit — no rug affiliations). Mild yellow from two signals: (1) co-founder Eugene Ng was also a DWF Labs partner; terminated Oct-2024 for personal-conduct allegations, not crypto fraud; DWF Labs withdrew funds from OpenEden as a result. (2) Contractor Jerome Augustine (engaged Jul 2024, resigned late Oct 2024) was founder of Braq (NFT fractionalization project, 2022–2023) where treasury NFTs were moved from a 2-of-3 multisig under disputed circumstances; The Block describes the Braq community still wondering 'where its NFTs went.' Augustine held no admin-key access at OpenEden; characterized as a consultant. Yellow (not red) because the rug-class affiliation is from a non-core contractor, not a named co-founder.
Sources #
- URLDWF Labs dismisses partner over drink spiking allegationsThe Block — DWF Labs dismisses Eugene Ng partner over drink-spiking allegationsretrieved 2026-05-16
- OpenEden's biz dev contractor was the founder of BraqThe Block — OpenEden biz dev contractor was founder of Braq (NFT treasury fund misappropriation)retrieved 2026-05-16
Methodology #
Document current or prior protocol roles for team members (conflicts of interest, prior rugs, prior successful launches).
See the full factor methodology and distribution across all protocols →