Singapore Court Shuts Down Harassment Campaign in Resupply DeFi Dispute

A Singapore court has cracked down hard on two crypto figures caught spreading allegations and false claims tied to the messy fallout from the 2025 Resupply protocol exploit. This marks a rare instance of DeFi drama spilling into formal legal territory—and courts actually enforcing consequences.

The Court Order

On March 24, Singapore's Protection from Harassment Court issued an order prohibiting OneKey founder Wang Lei and X user "web3feng" from posting threatening, defamatory, or false statements about Curve-linked contributor Haowi Wong. The court handed down a total of 2,500 Singapore dollars (approximately $1,900) in compensation and costs, with payment due by April 7. The order bars any further abusive, insulting, or threatening communications from both respondents.

This isn't theoretical—it's an actual judicial restraint on what these parties can publicly say about each other in the crypto market intelligence space.

What Triggered the Legal Action

The drama started after June 2025, when Resupply's wstUSR market fell victim to a price manipulation vulnerability. The exploit drained roughly $9.6 million from the protocol, creating a DeFi casualty that grabbed attention across the sector. Because Resupply integrated with Curve infrastructure (specifically cvcrvUSD and vault integrations), some market participants started connecting dots—rightly or wrongly—between the two projects.

Curve founder Michael Egorov quickly clarified that no Curve personnel were involved with Resupply, but the damage to reputation and community trust was already done. What followed was a cascade of online accusations, finger-pointing, and increasingly hostile allegations.

The Escalation

According to Haowi Wong's statement to Cointelegraph, the situation deteriorated significantly after the exploit dropped. Wang Lei and the @web3feng account launched what Wong characterizes as "continuous attacks and serious allegations," spreading claims he disputes as false and damaging to his reputation within the ecosystem.

"In an industry where trust is of fundamental importance, the repeated spread of misinformation carries real consequences," Wong said—a statement that perfectly captures why this legal action mattered.

Curve Finance itself weighed in, distinguishing between legitimate criticism and outright defamation: disputes in crypto "can cross the line between legitimate and well-founded criticism and outright falsehoods and defamation," the company told Cointelegraph. Distorted claims, Curve argued, undermine ecosystem trust and harm participants across the board.