Previously, the $100 million investment in the WLFI governance token Aqua 1 was reported to be associated with Web3port.
PANews July 15 news, the funding source of the Trump-supported Decentralized Finance project World Liberty Financial (WLFI) has raised doubts. Previously, a mysterious donor named "Aqua 1" announced it would provide $100 million to the project, claiming it was from the UAE. However, the latest investigation found that "Aqua 1" is actually a shell company related to the controversial firm Web3port.
Web3port is a market maker that was banned by multiple decentralized exchanges in 2023 for suspected market manipulation. Its founder "Dave Lee" is active online only with an anime avatar, and his true identity remains a mystery. Additionally, "Aqua 1" is not registered in the UAE and has not disclosed any responsible personnel information.
Although the funds were advertised for "digital freedom infrastructure," they were actually transferred through opaque wallets and offshore accounts.