The Aqua1 Foundation has come under scrutiny after claims raised by journalist Jacob Silverman regarding its operational independence in a recent article. This follows Silverman’s exploration into alleged connections between Aqua1 and the market maker, Web3Port, which faced controversy itself.

Despite Aqua1’s efforts to clarify its stance, uncertainties remain concerning its relationships with various entities. The foundation is rumored to launch its WLFI crypto token for trading imminently, stirring additional speculation in the industry.

Notable Allegations

Jacob Silverman’s report suggested that Aqua1 had links to Web3Port, supported by shared web hosting and overlapping team members.

“Fam! Rumors linking Aqua1, $WLFI’s $100M backer, to banned Chinese firm Web3Port are swirling. Aqua1 denies it, but shared AWS footprints and past connections to David Li keep questions alive.” — Vanessa (@_0xVanessa)

In a follow-up investigation, Silverman asserted that the founder of Aqua1, referred to as Dave Lee, is indeed David Li—aligned with Web3Port. This inquiry surfaced doubts about Aqua1’s legitimacy, especially after its significant financial commitment to the World Liberty Financial project associated with former President Trump.

Aqua1’s Response

In light of the allegations, Aqua1 publicly stated its independence from any external financial ties, albeit without directly naming Web3Port. This was further complicated by claims that both entities used the same server IP address, a detail Lee tried to downplay by explaining it related to transitional hosting.

“Aqua1 operates independently and has no financial ties to unrelated entities. We will take legal action against any defamatory reports.” - Aqua1 Foundation

Upcoming WLFI Trading Launch

As the governance vote approaches for WLFI holders, the outcome seems favorable, hinting at a trading debut that might involve major cryptocurrency exchanges, particularly Binance.

Investors are advised to keep an eye on Aqua1 and World Liberty Financial’s channels for updates regarding the trading date as speculation builds in the cryptocurrency community.