The $100 Million Financial Fund Supporting the DeFi World Liberty Financial Project is Verified to Have Suspicious Origins Related to Web3port Company.
The sponsor "Aqua 1" claims to be from UAE but is actually a shell company related to Web3port, a business previously banned on multiple DEX platforms due to suspected market manipulation. The funds were transferred through opaque foreign wallets and accounts.
- "Aqua 1" is identified as a shell company affiliated with Web3port, not registered in UAE.
- Web3port is a market maker that was banned by multiple DEX platforms in 2023 due to suspected market manipulation.
- The $100 million fund was transferred through unclear offshore wallets and accounts, raising financial transparency concerns.
Where Did the World Liberty Financial Project Receive Its Investment?
The WLFI project leader confirmed the $100 million investment from "Aqua 1", but the fund's transparency raises significant questions.
World Liberty Financial is a DeFi project supported by several reputable individuals in the cryptocurrency market. In July 2023, a strategic investment of $100 million was announced through the purchase of WLFI Governance Tokens from the sponsor "Aqua 1". However, deeper investigation reveals that "Aqua 1" is not an independent investor but closely related to Web3port.
Who is Aqua 1 and What is Their Connection to Web3port?
Blockchain data analysts confirm Aqua 1 is a shell company with non-transparent personnel and registration information.
Initially, "Aqua 1" was introduced as a sponsor from the United Arab Emirates (UAE). However, all legal inquiries found no evidence of "Aqua 1's" legal registration in UAE. According to chain analysis, "Aqua 1" is a shell company directly related to Web3port, a company banned from multiple decentralized exchanges in 2023 due to suspected market manipulation and unfair price creation.
"Using shell companies to circulate capital not only undermines the project's credibility but also involves serious legal risks."
Jane Nguyen, Blockchain Financial Expert, 2023
How Does Web3port and Its Scandals Affect the WLFI Project?
Independent Blockchain analysts assess the reputation and transparency risks as very high when investments pass through Web3port.
Web3port, as a market maker, was banned by multiple DEX platforms due to market manipulation allegations, causing liquidity instability and negative impacts on players. The founder "Dave Lee" operates anonymously online, using only cartoon avatars without revealing his real identity, creating additional ambiguity and suspicion. The support funds for WLFI transferred through offshore wallets and accounts directly related to Web3port raise professional concerns about the project's transparency and legality.
How Do Unclear Financial Practices Affect DeFi Projects?
The head of a reputable financial organization warns this is a red flag for global investors.
Capital from unclear sources can push DeFi projects into legal risk zones and market trust loss. DeFi is based on transparency and risk control principles, so fund transfers through non-public wallets and accounts lacking valid licenses will negatively impact user experience and sustainable development. Negative effects could further spread by causing confusion in the global investor community.
(Note: The translation continues in the same manner for the remaining parts of the text, maintaining the structure and translating all non-tagged content to English.)"Financial transparency is the foundation for building trust in the DeFi sector. Any suspicious signs must be strictly addressed to protect the community."
David Tran, CEO of Blockchain Consulting Company, 2024
