Singapore Court Orders Crypto Figures to Cease Defamatory Claims in DeFi Dispute

A Singapore court has issued an order prohibiting two individuals in the cryptocurrency industry from making threatening or defamatory statements against a contributor linked to Curve Finance. According to Cointelegraph, the Protection from Harassment Court in Singapore has barred Wang Lei, founder of crypto wallet OneKey, and the user behind the X account "web3feng" from posting allegations of fraud or spreading false information about Wang Haoming, identified in court documents as the Curve contributor known as "Haowi Wong" on X. This legal action follows accusations that surfaced after a decentralized finance exploit in June 2025 involving the stablecoin protocol Resupply, which resulted in approximately $9.6 million in losses. The court's decision mandates that the respondents refrain from making threatening, abusive, or insulting communications and requires them to pay a total of 2,500 Singapore dollars (about $1,900) in compensation and costs by April 7. Curve Finance commented to Cointelegraph that disputes within the crypto sector can blur the line between legitimate criticism and defamation, emphasizing that false claims can damage trust and harm ecosystem participants. Neither Wang Lei nor the user behind @web3feng responded to requests for comment. The Resupply exploit, confirmed in June 2025, involved a price manipulation vulnerability in its wstUSR market, allowing an attacker to siphon millions of dollars from the protocol. This incident attracted significant attention within the DeFi sector, with some associating the exploit with Curve-related infrastructure due to the use of cvcrvUSD and vault integrations. However, Curve founder Michael Egorov clarified that no Curve personnel were involved in the project. Wang Haoming, a member of the Curve community, stated to Cointelegraph that the situation escalated following the exploit, leading to ongoing attacks and serious allegations from Wang Lei and the user behind "web3feng." He highlighted the importance of trust in the industry and the real consequences of spreading misinformation.