In light of recent investigative claims, Aqua1 Foundation asserts its independence from Web3Port, while critical questions regarding its leadership and affiliations remain unanswered.
Aqua1 Foundation has denied any affiliation with Web3Port following journalist Jacob Silverman’s investigation suggesting connections through shared hosting and personnel. The foundation emphasized its independent operations after a $100 million investment in World Liberty Financial, but key questions about its founder's identity and ties to Web3Port remain unresolved. Aqua1's co-founder, Dave Lee, stated he distanced himself from Web3Port, yet did not confirm or deny his identity as David Li, further fueling skepticism around the foundation's transparency.