Disgraced Web3 Firm Linked to Trump’s DeFi Project
Aqua 1 Capital, the shadowy entity behind former President Donald Trump’s decentralized finance initiative, has been unmasked as a rebranded shell of Web3port—a market-making firm expelled from major decentralized exchanges in 2023 amid manipulation allegations. The firm, which previously claimed UAE registration, attempted to position itself as a Gulf-based investment outfit before its ties to the disgraced Web3 operator were revealed.
Sources indicate Web3port’s founders orchestrated the Aqua 1 facade to funnel $100 million into Trump’s World Liberty Financial project. The connection raises questions about the credibility of high-profile political ventures in the crypto space, particularly those leveraging decentralized infrastructure.