7 hours ago
Aqua1 Foundation, a UAE-based capitalist successful the World Liberty Financial (WLFI) DeFi project, has publically denied affiliation with Chinese market-making steadfast Web3Port.
The clarification comes successful effect to increasing speculation surrounding the fund’s caller $100 cardinal concern successful World Liberty Financial, a blockchain task with ties to US President Donald Trump.
Relationship with Web3Port?
On July 15, Aqua1 emphasized that it operates independently and has nary financial, equity, oregon operational narration with Web3Port.
Web3Port is simply a Chinese crypto steadfast embroiled successful a ungraded involving the significant selloff of Movement Labs’ MOVE tokens. This contented resulted successful the firm’s prohibition from aggregate exchanges, including Binance.
Dave Lee, co-founder of Aqua1, besides addressed the matter, saying that helium near his erstwhile relation earlier this twelvemonth owed to differing visions and helped motorboat Aqua1 arsenic portion of a broader DeFi infrastructure inaugural successful the UAE.
Lee further stated that Aqua1 is collaborating with organization partners crossed the Middle East. While affirming the team’s committedness to transparency, helium noted that definite disclosures stay restricted owed to ongoing regulatory processes.
Questions originate implicit Aqua1’s acquisition of $100 cardinal WLFI
The denial follows an investigative study by writer David Silverman, who raised caller concerns astir the root of Aqua1’s $100 cardinal WLFI acquisition past month.
Silverman suggested that Aqua1 whitethorn person undisclosed ties to Web3Port, citing method details specified arsenic shared Amazon Web Services (AWS) infrastructure betwixt Aqua1’s website and domains affiliated with Web3Port and Blockrock. He besides noted that Dave Lee had antecedently worked for some firms.
Adding to the speculation, the study suggested that “Dave Lee” whitethorn beryllium an alias for David Jia Hua Li, a Chinese-Brazilian nationalist with a inheritance successful a state-owned vigor company. Silverman questioned however idiosyncratic with that illustration could entree specified important superior and whether geopolitical motivations mightiness beryllium astatine play.
These allegations person drawn attraction from figures specified arsenic erstwhile US Congressman Tom Malinowski, who questioned whether overseas interests mightiness beryllium influencing the US governmental country done large-scale crypto investments.
The erstwhile lawmaker sarcastically said:
“I’m definite it’s conscionable a mean commercialized woody made with wealth helium had lying astir and nary assistance from overseas interests trying to power our president.”
The station $100M capitalist successful Trump’s World Liberty Financial denies links to banned Chinese marketplace maker appeared archetypal connected CryptoSlate.
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