Aqua1 Foundation and Web3Port: Examining the Alleged Connection
Recent investigative reports have raised questions about potential links between Aqua1 Foundation, a major investor in World Liberty Financial, and Web3Port, a market maker with a controversial reputation. The scrutiny follows Aqua1’s $100 million acquisition of governance tokens from a cryptocurrency project associated with former U.S. President Donald Trump.
Investigation Reveals Concerning Links
Journalist Jacob Silverman documented several notable connections:
- Shared web hosting infrastructure between the two entities
- Overlapping personnel, including Aqua1 founder Dave Lee, who appears to be David Li of Web3Port
- Aqua1’s limited public presence, consisting primarily of a basic website and inactive social media accounts
Aqua1’s Response and Unresolved Questions
While Aqua1 maintains its operational independence, it has not directly addressed the specific allegations regarding Web3Port. The foundation’s explanation about shared IP addresses being due to transitional hosting arrangements has done little to clarify the situation or alleviate concerns.
Implications for Cryptocurrency Transparency
This situation underscores the importance of transparency in cryptocurrency dealings, particularly when involving substantial investments and high-profile political figures. The crypto community continues to await clearer answers from Aqua1 regarding these allegations.
