The Aqua1 Foundation claimed it was operating independently in response to journalist Jacob Silverman’s report. However, the foundation did not answer some important questions. However, among all the dramas, there are strong rumors that the WLFI Crypto token will be released for deals this week or next week.
Silverman published the investigation Monday, claiming that he found a link between Aqua1 Foundation and Web3port through shared web hosting and duplicates.
Femme!
Rumors that will lead to Aqua1, $ wlfiThe $100 million backer, which has been banned by the Chinese company Web3port, is swirling.
Aqua1 denies that, but Dave Lee (aka David Jia Hua Li), who shared his AWS footprint and past connections, keeps the question alive.
Crypto or geopolitical chess? 🧐 pic.twitter.com/izexshozhp
– Vanessa (@_0xvane) July 16, 2025
More twists and turns on AQUA1/WLFI Crypto Drama claim Dave Lee is affiliated with market makers below burns
He said the founder of Aqua1, known as Dave Lee in X, is actually David Li, and the contact profile for its outreach platform lists him as Web3port’s partner and senior project manager.
The Aqua1 Foundation was scrutinized in late June after purchasing a $100 million worth of governance token from World Liberty Financial, a cryptocurrency project supported by former US President Donald Trump and his family.
The investigation raised concerns that entities supporting the president’s debt initiative could have links with Web3port, a company accused of manipulating cryptocurrency prices.
Lee attempted to distance himself from Web3port and said he left his previous role in his “previous employer” due to “a fundamental difference in vision and strategy.” However, he has not explicitly confirmed or denied that he is David Lee or that Aqua1 is connected to Web3port.
Silverman is a journalist known for his critical reports about Trump and his relationship with the cryptocurrency industry. Last week, he published an article nationwide entitled “Does Trump’s biggest code patronage exist?” He raised questions about the legitimacy of the Aqua1 Foundation, particularly after committing $100 million to WLFI Crypto.
Silverman reported that the public presence of Aqua1 is composed primarily of numbers known only as “Dave Lee” by obscure websites, social media accounts being suspended. In a follow-up survey on his site, he said Lee is Web3port’s David Li based on LinkedIn records and analysis of past meeting appearances.
I have identified “Dave Lee” (@leedave_aqua), a person with a pseudonym behind the Aqua 1 Foundation. Last month, Trump announced a $100 million contract with World Liberty Financial. I think it’s important to know who will pay the US president. https://t.co/6dipcpm54v
– Jacob Silverman (@silvermanjacob) July 14, 2025
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Aqua1 responds to Silverman: threatens legal action
Following the release of the report, Aqua1 issued a statement on X, claiming it was “operated independently and has no fair, financial or operational relationships with unrelated entities.” It warned that it would pursue legal action against defamation or effectively false reports.
The statement appeared to deny its relationship with Web3port, but did not mention the company by name and did not address whether Web3port qualifies as an associated entity.
One of Silverman’s important findings is that Aqua1 and Web3port shared the same server IP address and along with several other crypto-related domains. Initially, Aqua1 ignored this point. However, when pushed on social media, Lee responded to Aqua1 by claiming that it had “no relation to any other teams or entities.”
“The shared IP was simply due to early transition hosting. I brought in the CTO and core IT members when I left,” Lee wrote to X.
“After many attempts to contact his colleagues and the WLF, I got an email last night,” Silverman said in a leaked message exchange. “It didn’t include any denials at all and didn’t clarify the details of my report.”
Official Statement of Aqua1
I’ve noticed recent online speculations about AQUA1 and its team. To prevent the spread of incorrect information, we would like to clarify the following:
Team background
Dave Lee has joined AQUA1 as a co-founder…
– Aqua1 Foundation (@aqua1fndn) July 15th, 2025
In a screenshot of the email received by Silverman, Lee outlined the ongoing development of stubcoins, real-world assets and initiatives in the Middle East. The message stated that certain details are subject to regulatory and compliance restrictions and cannot be publicly disclosed at this time.
“However, if there is a specific point you want to clarify, we are pleased to provide factual information and do our best to support accurate reporting. We value constructive dialogue and are open to continuous engagement,” reads the email screenshot.
However, through the front and rear exchanges between Lee and Silverman, Lee informed him whether he was David Lee, who belongs to Web3port.
WLFI Crypto is rumoured to go live for a deal soon
In that case, there is only 7 hours left $ wlfi A governance vote to make tokens tradeable.
Once approved, this will allow open market transactions for the first time.
Do you have any insight into when the first exchange list will occur? pic.twitter.com/8bradv1sdl– cryptoprofilers (@cryptoprofilers) July 16, 2025
There are only a few hours left to go to governance votes to be voted for WLFI Crypto holders on whether to make tokens tradeable. Currently, it is 99.94% in favour of enabling WLFI for transactions, and once this vote is over, it is possible that the date WLFI will be listed on the exchange will be announced.
It seems like a natural conclusion given that Binance’s list is built on the world’s Liberty Financial, its USD1 stubcoin, and Binance’s BNB smart chain. The close relationship between the two companies is transparent, so investors can expect a list of the world’s largest crypto exchanges on the first day.
Coinbase is one of the famous exchanges that may not list WLFI on the first day due to the continued tension between Binance and its co-founders CZ and the World Liberty Financial Project. There are rumours that Coinbase has adjusted its recent Bloomberg hits with WLFI Crypto and CZ, but the exchange has denied these claims.
However, aside from Coinbase, traders can expect a day listing of WLFIs on Binance, Bybit, OKX and other top tier exchanges due to the hype and demand surrounding the launch of this token. The exchange will want to secure a share of the expected liquidity that will be poured into WLFI upon launch.
Keep an eye out for the official world Liberty Financial Social Media Channels at the time when WLFI Crypto is published for the transaction.
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