WLFI Investment Rumor Debunked: No $500M Abu Dhabi Royal Family Deal

DegenApeSurfer · 2026-02-13T06:07:46+00:00

Jack Kong, CEO of Nano Labs, denied rumors of a $500 million investment from the Abu Dhabi royal family in WLFI Company. He clarified that no transaction occurred, emphasizing the need to address false investment claims to protect the company's reputation.

DegenApeSurfer

2026-02-13 06:07:46

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Jack Kong, CEO of Nano Labs, has publicly refuted circulating reports about a major financial transaction involving the Abu Dhabi royal family. The unfounded rumor claimed that a royal family member had secretly invested $500 million to acquire a 49% stake in WLFI Company. Kong’s statement on X directly addressed these false claims and moved to clarify the actual situation surrounding the company.

The Baseless Rumor and Its Origins

The rumor initially spread through insider channels, gaining traction as a significant investment story. The alleged deal would have represented a substantial financial commitment from Abu Dhabi’s high-profile investors into WLFI Company’s operations. However, this speculative claim lacked any official verification or supporting documentation. The rapid circulation of such unsubstantiated information highlights how investment rumors can proliferate without proper credibility checks.

Official Denial and Clarification

Nano Labs leadership issued a formal statement to counter the misinformation. By publicly denying the investment rumor, the company aims to prevent further confusion and protect its reputation. Kong’s clarification emphasizes that no such transaction has taken place, and investors should disregard any claims suggesting otherwise. The swift response underscores the importance of addressing false narratives before they gain wider acceptance in market discussions.

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