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Aqua1 denies association with Web3port: the team operates independently, Dave Lee joined as co-founder and CEO in April.
PANews July 15 news, Aqua1 Foundation issued a statement in response to recent rumors regarding its team and operations. The statement stated that Dave Lee joined Aqua1 as co-founder and CEO in April 2025 and is highly aligned with the long-term vision of the team. Aqua1 emphasizes its independent operation, with no equity, financial, or operational ties to any unrelated entities. The team is working with institutions in the Middle East to advance the project, but some details have not been disclosed due to Compliance requirements. According to previous reports, Aqua 1, which invested 100 million USD in WLFI governance tokens, has been revealed to be associated with Web3port.