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According to a message from Deep Tide TechFlow on July 15, the Aqua1 Foundation issued a statement in response to recent rumors about its team and operations. The statement claims that Dave Lee joined Aqua1 as co-founder and CEO in April 2025, aligning closely with the long-term vision of the team. Aqua1 emphasizes its independent operations, with no equity, financial, or operational ties to any unrelated entities. The team is collaborating with institutions in the Middle East to advance the project, but some details have not been made public due to Compliance requirements.

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