World Liberty Financial (WLFI), the cryptocurrency company backed by US President Donald Trump and his family, is receiving significant investments. At this point, it was reported a few weeks ago that Aqua1, a United Arab Emirates-based company, invested $100 million in WLFI. However, the truth behind the $100 million WLFI investment has emerged. It has been revealed that Aqua 1, which previously announced it would strategically purchase $100 million worth of WLFI tokens, is actually a shell company. Accordingly, it was revealed that the main company investing in WLFI was Web3Port, the controversial market maker known for the Movement (MOVE) token scandal. What Happened? As you may recall, it was revealed that Web3Port manipulated the token sale and caused serious losses to investors, which resulted in a huge reaction in the market. The incident was first revealed by Binance, which determined that a large portion of the MOVE token was sold by a market maker named Rentech, who claimed to be affiliated with Web3Port. Binance later revealed that the market maker manipulated the price of MOVE. Related News: Attention Investors! Binance Banned This Altcoin's Market Maker! $38 Million Support Came From The Altcoin Team! Following these incidents, Binance decided to remove the market maker of the altcoin MOVE from its exchange due to its illegal activities. Binance also announced that it had seized the $38 million in USDT proceeds from this MOVE sale. Movement Labs then partnered with Binance to develop a buyback strategy using these funds and attempt to re-inflate the price. Coinbase also delisted the MOVE altcoin. Immediately following Coinbase's delisting, Movement Labs announced the suspension of its co-founder, Rushi Manche, due to a market manipulation scandal. Market maker Web3Port has been banned by many decentralized exchanges, including Binance and Coinbase, on suspicion of market manipulation. *This is not investment advice. Continue Reading: The Scandal Behind the $100 Million Investment in WLFI Revealed! "It Was Linked to Altcoins Banned by Binance and Coinbase!"
