Aqua1 denies association with Web3port: team operates independently, Dave Lee joined as co-founder and CEO in April

Aqua1 Foundation has released a statement in response to recent rumors about its team and operations. The statement states that Dave Lee joined Aqua1 as co-founder and CEO in April 2025 and is highly aligned with the team's long-term vision. Aqua1 emphasizes its independent operation and has no equity, financial or operational affiliation with any unrelated entities. The team is working with Middle Eastern institutions to advance the project, but some details have not been made public yet due to compliance requirements. Previously, it was revealed that Aqua 1, which invested $100 million in WLFI governance token, is associated with Web3port.