Nano Labs Aclara: The Alleged Investment of the Royal Family in WLFI is Unfounded

Jack Kong, CEO of Nano Labs, used his X account to categorically deny the rumors circulating in recent days about a supposed capital injection by a prominent member of the Abu Dhabi royal family. According to the information spread, it was a $500 million transaction aimed at acquiring a 49% majority stake in WLFI Company. However, the company has confirmed that this narrative is completely unfounded.

Official Denial from CEO Jack Kong

Kong’s statement represents a direct response to the misinformation that had gained traction on specialized networks. Although the Abu Dhabi royal family has historically been active in investments in technology and digital assets, there is no agreement or negotiation involved in this case. The CEO made it clear that these unfounded speculations could harm the corporate reputation and market perception of WLFI Company.

Details of the False Transaction

The amount alleged in the rumor was $500 million, a figure that would represent an extraordinary financial move. The supposed 49% stake would have given the royal family investor significant influence, though not majority control, over the company’s operations. These specific details initially lent credibility to the story within some crypto circles.

The Importance of Combating Misinformation

This incident highlights the vulnerability of the crypto ecosystem to the rapid spread of unverified information. Rumors about large investments by influential actors, such as members of the Abu Dhabi royal family, have the potential to significantly distort project valuations and investor confidence. Nano Labs’ official clarification aims to restore factual accuracy and prevent false narratives from continuing to circulate within the community.