AQUA 1, which previously purchased $100 million in WLFI tokens, was revealed to be a market maker Web3Port

On July 15, Beincrypto reported that Aqua 1 had previously announced that it had strategically purchased $100 million in WLFI tokens and claimed to be from the UAE. But the latest investigation found that "Aqua 1" is actually a shell company related to the controversial company Web3port. Web3port is a market maker that was banned by multiple decentralized trading platforms in 2023 for suspected market manipulation. The true identity of its founder "Dave Lee" remains a mystery. "Aqua 1" is not registered in the UAE, and no information about the person in charge is disclosed. Although the funds were advertised for "digital freedom infrastructure", they were actually transferred through opaque wallets and offshore accounts, and were directly related to Web3port.

Previously reported, Aqua 1 announced that it had strategically purchased $100 million in Trump family crypto project World Liberty Financial governance tokens WLFI, aiming to participate in the governance of the decentralized financial platform and accelerate the construction of the blockchain financial ecosystem. In addition, Aqua 1 also plans to establish Aqua Fund in the Middle East and jointly incubate the RWA tokenization platform BlockRock with WLFI.