Aqua1: The team operates independently and is not affiliated with Web3port.

On July 15, according to the official announcement, Aqua1 Foundation issued a statement in response to recent rumors about its team and operations. The statement said that Dave Lee joined Aqua1 as co-founder and CEO in April 2025, and is highly consistent with the team's long-term vision. Aqua1 emphasized its independent operation and has no equity, financial or operational relationship with any unrelated entity. The team is working with Middle Eastern institutions to advance the project, but some details have not been disclosed due to compliance requirements. [TechFlow]