Controversy Surrounds $100M WLFI Token Purchase as Aqua 1 Tied to Banned Market Maker Web3port
2025-07-15 07:39:14
Main Idea
Aqua 1's $100 million WLFI token purchase claim is under scrutiny as it is linked to the controversial firm Web3port, which faced bans for market manipulation, and its founder Dave Lee remains obscure.
Key Points
1. Aqua 1 claimed a $100 million acquisition of WLFI tokens linked to the UAE but is actually a shell entity connected to Web3port.
2. Web3port, a market maker, was banned from several decentralized exchanges in 2023 due to allegations of market manipulation.
3. The founder of Web3port, Dave Lee, is largely unknown.
4. Aqua 1 is not registered as claimed in its announcements regarding the WLFI token purchase.
Description
On July 15, Beincrypto reported that Aqua 1, which had claimed a $100 million acquisition of WLFI tokens linked to the UAE, is in fact a shell entity connected to
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