An investigation has exposed Aqua 1, the entity responsible for a $100 million cryptocurrency donation to former U.S. President Donald Trump’s World Liberty Financial organization, as a rebranded shell company controlled by founders of the banned market-maker Web3port. This revelation raises substantial ethical and regulatory concerns regarding transparency in political campaign financing.
Publicly portrayed as a UAE-based investment firm, Aqua 1 shows no verifiable regulatory filings across international jurisdictions. Evidence confirms it operates under the direction of Web3port executives, whose organization faced expulsion from multiple decentralized exchanges in 2023 due to proven market manipulation activities.
Funds originated from opaque cryptocurrency wallets routed through offshore entities, creating deliberate obfuscation of the donation’s true source. This undisclosed connection to Web3port’s illicit operations challenges compliance with U.S. campaign finance laws and fundamental anti-money laundering safeguards.
World Liberty Financial has maintained silence regarding investigative findings linking Aqua 1 to Web3port. The refusal to address the revelations occurs amid intensifying regulatory scrutiny and potential enforcement actions for violation disclosure requirements.
The case underscores systemic vulnerabilities in cryptocurrency-enabled political contributions. It highlights the critical need for comprehensive regulatory frameworks to prevent exploitation of digital assets for illicit financial transfers and ensure electoral integrity.