Web3Port

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.

1 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.

9 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.

10 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.

1 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.

9 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.

18 March 2025

Binance reportedly delisted Web3Port's market-making account and froze related profits in connection with the MOVE token misconduct.

30 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.

2 May 2025

Movement Labs suspended co-founder Rushi Manche following Coinbase's delisting of MOVE and the widening token-dump scandal.

1 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.

15 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.

15 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.

9 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.