WLF Investor Aqua1 Offers Few Answers to Alleged Web3Port Ties
The post WLF Investor Aqua1 Offers Few Answers to Alleged Web3Port Ties appeared on BitcoinEthereumNews.com. Aqua1 Foundation said it operates independently in response to a report by journalist Jacob Silverman that suggested possible ties to controversial market maker Web3Port, but left important questions unanswered. On Monday, Silverman published his investigation, which claims to have found connections between Aqua1 Foundation and Web3Port through shared web hosting and overlapping personnel. The reporter added that Aqua1’s founder, who goes by Dave Lee on X, is actually David Li, whose profile on outreach platform ContactOut lists him as a partner and senior project manager at Web3Port. Aqua1 Foundation came under the spotlight in late June after it purchased $100 million worth of governance tokens from World Liberty Financial, a crypto project backed by US President Donald Trump and his family. The investigation raised concerns that the entity supporting the president’s DeFi initiative may have ties to Web3Port, a firm accused of manipulating cryptocurrency prices. Lee attempted to distance himself from Web3Port, saying he stepped away from his former role at his “previous employer” due to “fundamental differences in vision and strategy.” However, he hasn’t explicitly denied that he is David Li or that Aqua1 is somehow connected to Web3Port. Cointelegraph did not receive a response from Aqua1 by the time of publication. Observers say Aqua1’s statements have left key questions unresolved. Source: Dave Lee Aqua1 maneuvers around Web3Port connection allegations Silverman is a journalist known for his critical reporting on Trump and his ties to the cryptocurrency industry. Last week, he published an article in The Nation titled: Does Trump’s Biggest Crypto Backer Really Exist? It raised doubts about the legitimacy of Aqua1 Foundation, which recently committed $100 million to World Liberty Financial. Silverman reported that Aqua1’s public footprint consists of little more than a vague website, suspended social media accounts and a figure known only as “Dave Lee.”…
The post WLF Investor Aqua1 Offers Few Answers to Alleged Web3Port Ties appeared on BitcoinEthereumNews.com.
Aqua1 Foundation said it operates independently in response to a report by journalist Jacob Silverman that suggested possible ties to controversial market maker Web3Port, but left important questions unanswered. On Monday, Silverman published his investigation, which claims to have found connections between Aqua1 Foundation and Web3Port through shared web hosting and overlapping personnel. The reporter added that Aqua1’s founder, who goes by Dave Lee on X, is actually David Li, whose profile on outreach platform ContactOut lists him as a partner and senior project manager at Web3Port. Aqua1 Foundation came under the spotlight in late June after it purchased $100 million worth of governance tokens from World Liberty Financial, a crypto project backed by US President Donald Trump and his family. The investigation raised concerns that the entity supporting the president’s DeFi initiative may have ties to Web3Port, a firm accused of manipulating cryptocurrency prices. Lee attempted to distance himself from Web3Port, saying he stepped away from his former role at his “previous employer” due to “fundamental differences in vision and strategy.” However, he hasn’t explicitly denied that he is David Li or that Aqua1 is somehow connected to Web3Port. Cointelegraph did not receive a response from Aqua1 by the time of publication. Observers say Aqua1’s statements have left key questions unresolved. Source: Dave Lee Aqua1 maneuvers around Web3Port connection allegations Silverman is a journalist known for his critical reporting on Trump and his ties to the cryptocurrency industry. Last week, he published an article in The Nation titled: Does Trump’s Biggest Crypto Backer Really Exist? It raised doubts about the legitimacy of Aqua1 Foundation, which recently committed $100 million to World Liberty Financial. Silverman reported that Aqua1’s public footprint consists of little more than a vague website, suspended social media accounts and a figure known only as “Dave Lee.”…
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