AQUA 1, which previously purchased $100 million worth of WLFI tokens, revealed as market maker Web3Port

BlockBeats News, July 15 — According to a report by Beincrypto, Aqua 1 previously announced a strategic purchase of $100 million worth of WLFI tokens, claiming to be based in the UAE. However, a recent investigation has revealed that "Aqua 1" is actually a shell company linked to the controversial firm Web3port. Web3port is a market maker that was banned by several decentralized exchanges in 2023 for alleged market manipulation. The true identity of its founder, "Dave Lee," remains unknown. Furthermore, "Aqua 1" is not registered in the UAE and has not disclosed any information about its leadership. Although the funds were promoted as being used for "digital freedom infrastructure," in reality, they were transferred through opaque wallets and offshore accounts, directly connected to Web3port.

Previous reports stated that Aqua 1 had announced a strategic acquisition of $100 million worth of WLFI, the governance token of the Trump family’s crypto project World Liberty Financial, aiming to participate in the governance of this decentralized finance platform and accelerate the development of the blockchain financial ecosystem. In addition, Aqua 1 also plans to establish the Aqua Fund in the Middle East and jointly incubate the RWA tokenization platform BlockRock with WLFI.