Web3Port
Last changed 2026-10-10 · Score recalculated — Rescored under Scoring v2, the published formula (avoid.net/scoring): 5 → 26. Problems weighed by who is responsible: the subject's own conduct −73, concerns that are not fraud −12, problems around the subject, caused by others −1.8; legitimacy credit long-running +10, regulated +10; no established finding that it defrauded anyone, so it stays out of the red band. Version history →
Why this score
| Every page starts at | 65 |
| The subject's own conduct | -73 |
| Concerns that are not fraud | -12 |
| Problems around it, caused by others | -1.8 |
| Long-running | +10 |
| Regulated | +10 |
| Sum | -2 |
- No established finding that it defrauded anyone, so it stays out of the red band (26 or above).
Score: 26/100 (kept between 0 and 100)
How scoring works →Summary
Web3Port is a Hong Kong-registered crypto market-making and incubation firm alleged to have orchestrated the dumping of 66 million MOVE tokens one day after the Movement Labs token launch in December 2024, generating approximately $38 million in downward price pressure. Binance subsequently banned and froze the profits of the market-making account it associated with Web3Port, citing misconduct. A U.S. Department of Justice grand jury investigation into the MOVE token launch is ongoing as of 2026, and movement Labs — the project whose token Web3Port allegedly manipulated — filed for Chapter 11 bankruptcy in July 2026.
Connected Entities
8 entities · 60 linked investigations- World Liberty Financial→mentioned with→Coinbase(60%)
- World Liberty Financial→mentioned with→Binance(70%)
- Web3Port→mentioned with→Binance(70%)
- Web3Port→mentioned with→World Liberty Financial(75%)
- Web3Port→mentioned with→Coinbase(60%)
- Movement Labs→mentioned with→Rushi Manche(80%)
- Rushi Manche→mentioned with→Movement Labs(80%)
- Web3Port→mentioned with→Rushi Manche(80%)
- Web3Port→mentioned with→Movement Labs(80%)
- Web3Port→mentioned with→Changpeng Zhao(80%)
- + 10 more
Connected Through
8 shared actors · 637 investigationsDistinct actors this investigation shares with others — holders, traders, and named parties. Shared infrastructure (exchanges, pools) is excluded.
- □Binanceorganization
- ♦Coinbasetoken
- □Changpeng Zhaoorganization
- ⌂World Liberty Financialprotocol
Timeline(13 events)
1 January 2019
According to a UK court filing cited by the New York Times, an alleged money laundering operation involving Guren 'Bobby' Zhou and five associates is said to have begun around this time. Zhou has not been charged.
New York Times, via CryptoTimes1 January 2021
British authorities arrested Guren 'Bobby' Zhou on suspicion of money laundering. Zhou was not charged and the investigation remained active as of July 2026, per UK officials cited by the New York Times.
New York Times, via CryptoTimes9 December 2024
MOVE token launched on Binance. Movement Foundation had previously entered a market-making agreement routing 66 million MOVE tokens through intermediary Rentech, linked to Web3Port.
CoinDesk10 December 2024
Wallets allegedly linked to Web3Port sold approximately 66 million MOVE tokens with minimal buy orders, generating approximately $38 million USDT in proceeds and significant downward price pressure on MOVE.
CoinDesk; crypto.news1 January 2025
Web3Port wallet purchased approximately $20 million in WLFI tokens shortly after Trump's inauguration. Web3Port publicly announced a $10 million investment in World Liberty Financial.
FinanceFeeds9 March 2025
Binance announced the ban and profit seizure of a market maker found to have engaged in misconduct across multiple token listings, including GoPlus Security (GPS) and MyShell (SHELL). Industry reporting identified this as the same entity linked to Web3Port, though Binance did not confirm the name publicly.
BeInCrypto18 March 2025
Binance reportedly delisted Web3Port's market-making account and froze related profits in connection with the MOVE token misconduct.
BeInCrypto; CryptoNinjas30 April 2025
CoinDesk published an investigation revealing the dual-sided Rentech agreement, the shadow adviser structure, and the sequence of events surrounding the 66 million MOVE token allocation and subsequent dump.
CoinDesk2 May 2025
Movement Labs suspended co-founder Rushi Manche following Coinbase's delisting of MOVE and the widening token-dump scandal.
CoinDesk1 June 2025
An Aqua 1 wallet purchased approximately $80 million in WLFI tokens, bringing the combined Web3Port/Aqua 1 investment in WLFI to approximately $100 million.
FinanceFeeds15 July 2025
Aqua 1 publicly denied having financial, operational, or equity ties to Web3Port, following reporting that linked the two entities through corporate records and shared infrastructure.
Cryptopolitan15 July 2026
MVMT Labs, Inc. (Movement Labs) filed for Chapter 11 bankruptcy under Subchapter V in the U.S. Bankruptcy Court for the District of Delaware, reporting assets of $100,001–$500,000 and liabilities up to $10 million.
CoinDesk9 August 2026
The New York Times published an investigation identifying Guren 'Bobby' Zhou as the figure behind Aqua 1 and linking him to Web3Port's former UAE operations, a UK money laundering arrest in 2021, and an ongoing British investigation.
New York Times, via The Block and CryptoTimesDecision Log
- slot 455361067 · hash 2QUfbbm4S5oqJsEXUUCLftdobpb8WyFGMZvZScB6AaCg
- slot 443561570 · hash HR26MNzWpFd9CYTRaSoMDf18qThcbHnf6ktGxLxNJi8m
- slot 443561568 · hash 5isb9b9SJi8iiAibLfZfsUL94MD4afeawS5ExT4UVSse
- slot 443526956 · hash HjvcwEi2v6WXQZahE7Pk2ciYPPnowbFknDfCiZwUrh6Y
This investigation is cryptographically anchored to the Solana blockchain (4 decisions). 14 of 18 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 8/29/2026, 11:10:23 PM
last updated: 10/10/2026, 6:41:51 PM
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