The Aqua1 Foundation said that it operates independently in response to the report by journalist Jacob Silverman, who suggested potential connections with the controversial web3port market manufacturer. However, the foundation has left several important questions unanswered. However, in the middle of the whole drama, there are strong rumors that the crypto WLFI token will be put online to exchange this week or the next one.
Silverman published his survey on Monday, saying that he had found links between the Aqua1 Foundation and the web3port by shared web hosting and overlap.
Fam!
Rumors connecting Aqua1, $ WlfiThe donor of $ 100 million, to ban the Chinese company Web3port, swirls.
Aqua1 denies it, but shared AWS imprints and links with Dave Lee (alias David Jia Hua Li) maintain questions alive.
Crypto or geopolitical failures?
pic.twitter.com/izexShozhp
– Vanessa (@ _0xvanessa) July 16, 2025
More twists and turns in the Crypto Aqua1 / WLFI drama while the journalist says that Dave Lee is affiliated with a Under-Fire market manufacturer
He noted that the founder of Aqua1, known as Dave Lee on X, is in fact David Li, whose profile on the awareness platform lists it as a partner and senior project manager at Web3port.
The Aqua1 Foundation was examined at the end of June after buying $ 100 million in World Finnish Financial Governance tokens, a cryptocurrency project supported by former American president Donald Trump and his family.
The investigation has feared that the entity supporting the president’s challenge initiative could have links with Web3port, a company accused of manipulating the prices of cryptocurrencies.
Lee tried to distant himself from web3port, declaring that he had left his old role to his “previous employer” due to “fundamental differences in vision and strategy”. However, he has not explicitly confirmed or denied that he is David Li or that Aqua1 has a link with web3port.
Silverman is a journalist known for his critical relationships on Trump and his links with the cryptocurrency industry. Last week, he published an article in The Nation entitled “Is Trump’s biggest funder exists?” This has raised doubts about the legitimacy of the Aqua1 Foundation, especially after having started $ 100 million to WLFI Crypto.
Silverman said that the public presence of Aqua1 consists mainly of a vague website, suspended social media accounts and a figure known only as “Dave Lee”. In a monitoring survey on his site, he discussed that Lee is David Li of Web3port, based on an analysis of LinkedIn files and previous appearances of the conference.
I identified "Dave Lee" (@Leedave_aqua), the pseudonym person of the Aqua 1 Foundation, who announced last month an agreement of $ 100 million with Trump’s World Liberty Financial. I think it is important to know who pays the American president.
– Jacob Silverman (@silvermanjacob) July 14, 2025
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Aqua1 responds to Silverman: threatens legal action
Following the publication of the report, Aqua1 published a declaration on X claiming that it “works independently and has no capital, financial or operational links with an unrelated entity”. He warned that he would pursue legal action against any defamatory or factually incorrect report.
Although the Declaration seems to deny the links with Web3port, he did not mention the company by name and did not ask if web3port is considered to be a linked entity.
One of Silverman’s main conclusions was that Aqua1 and Web3port shared the same server IP address, as well as several other areas related to crypto. Initially, Aqua1 ignored this point. However, when he is in a hurry on social networks, Lee replied by saying that Aqua1 has “no link with other teams or entities”.
“The shared intellectual property was simply due to transitional accommodation during the early stages. I brought the member of the CTO and basic IT when I left,” wrote Lee on X.
“After many attempts to reach Dave, his colleagues and WLF, I received an email last night,” said Silverman in an exchange of disclosed messages. “It did not contain any refusals or clarify the details of my reports.”
Official declaration of the Aqua1
We have noticed recent online speculation about Aqua1 and his team, which led to public misunderstandings. To avoid the spread of disinformation, we would like to clarify the following:
Team context
Dave Lee joined Aqua1 as a co-founder …
– Aqua1 Foundation (@ aqua1fndn) July 15, 2025
In a screenshot of the email that Silverman received, Lee described the developments in progress in the stablescoins, real assets and initiatives in the Middle East. The message indicated that specific details were subject to regulatory and compliance restrictions and could not be disclosed publicly for the moment.
“However, if there are specific points that you want to clarify, we are happy to do our best to provide factual information and support specific reports. We appreciate the constructive dialogue and are open to the current commitment,” said email screenshot.
However, at no time throughout the back and forth exchanges between Lee and Silverman, Lee examined if he is the same David Li affiliated with web3port.
WLFI crypto, according to rumors, was going to live to exchange very soon
There are only 7 hours left for the $ Wlfi Governance votes to make the token negotiable.
Once approved, this will allow the public market to the public market the first time.
Can information on the moment when the initial exchange list occurs? pic.twitter.com/8bradv1sdl– Cryptoprofilers (@Cryptoprofilers) July 16, 2025
There are only a few hours left for the governance vote subject to holders of Crypto WLFI on the advisability of making the token negotiable. It is currently 99.94% in favor of activating the WLFI for trading, and once the vote ends, a date will probably be announced for the WLFI which will be registered on the scholarships.
A list of binances seems a fatality, given the close links between World Liberty Financial, its stablecoin USD1 and its construction on the BNANC BNB smart channel. The close links between the two companies are transparent, so that investors can expect a registration on the greatest exchange of cryptography in the world on the first day.
Coinbase is a high level exchange that may not list the WLFI on the first day due to the current tensions between Binance and its co -founder, CZ, and the World Liberty Financial Project. There are rumors that Coinbase orchestrated a recent successful piece of Bloomberg on WLFI Crypto and CZ, although the exchange has denied these claims.
However, apart from Coinbase, traders can expect day lists in one for WLFI on Binance, Bybit, OKX and other high -level exchanges due to the beateering and demand surrounding this launch of token. The exchanges will want to guarantee their share of the supposed liquidity which will pour into WLFI at the launch.
Keep an eye on the official social media channels of the world freedom for a date and an hour for the moment when WLFI Crypto is put online for trading.
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The position more twists and turns in the WLFI Crypto 100 million dollars investment drama: is Aqua1 connected to China? appeared first on 99Bitcoins.
