On July 15, according to Beincrypto, Aqua 1 previously announced that it had strategically purchased $100 million worth of WLFI tokens and claimed to be from the UAE. However, the latest investigation found that "Aqua 1" is actually a shell company related to the controversial company Web3port. Web3port is a market maker that was banned by multiple decentralized trading platforms in 2023 for suspected market manipulation. The real identity of its founder "Dave Lee" is a mystery. "Aqua 1" is not registered in the UAE and has no public information on its person in charge. Although the funds were promoted for "digital freedom infrastructure," they were actually transferred through opaque wallets and offshore accounts and are directly related to Web3port.

According to previous reports, Aqua 1 announced that it had strategically purchased $100 million of the Trump family's crypto project World Liberty Financial governance token WLFI, aiming to participate in the governance of the decentralized finance platform and accelerate the construction of the blockchain financial ecosystem. In addition, Aqua 1 plans to establish the Aqua Fund in the Middle East and jointly incubate the RWA tokenization platform BlockRock with WLFI.