Aqua1 denies any association with Web3port, stating that the team operates independently.

Aqua1 Foundation has released a statement addressing recent rumors regarding its team and operations. The statement indicates that Dave Lee joined Aqua1 in April 2025 as co-founder and CEO, and the team is highly aligned with its long-term vision. Aqua1 emphasizes that the company operates independently and has no equity, financial, or operational ties with any unrelated entities. The team is currently working with Middle Eastern institutions to advance the project, but some details have not yet been disclosed due to compliance requirements. Previous news: zoomer: The unknown company Aqua 1, which donated $100 million to WLFI, was revealed to be Web3Port [Odaily Planet Daily]