In response to investigative claims linking Aqua1 to Web3Port, the foundation asserts its operational independence while leaving key questions unanswered.
Aqua1 Foundation has issued a statement asserting its independence from Web3Port following an investigation by journalist Jacob Silverman, which suggested connections through shared web hosting and personnel. The foundation confirmed Dave Lee as co-founder and CEO but did not address allegations regarding his identity as David Li of Web3Port or the nature of any ties. Silverman's report raised concerns about Aqua1’s legitimacy and its $100 million investment in governance tokens from a project linked to U.S. President Trump. Aqua1's lack of clarity on these issues has led to ongoing scrutiny.