Trump-linked World Liberty faces scrutiny over ties to sanctioned network: The Times
CoinDesk·2h ago·Neutral
What Happened
World Liberty Financial, a cryptocurrency company co-founded by Donald Trump, faces scrutiny after partnering with AB DAO, a Southeast Asia blockchain project. The Times investigation found AB DAO had promoted a resort linked to individuals later sanctioned by U.S. and U.K. authorities for alleged fraud ties to Cambodia's Prince Group. WLFI conducted due diligence but was unaware of these connections. WLFI denies associations with sanctioned individuals. The partnership was announced in November 2024, weeks after the sanctions.
Key Entities
World Liberty Financial (WLFI)Donald TrumpAB DAOPrince GroupChen ZhiThe TimesU.S. and U.K. authoritiesSheik Tahnoon bin Zayed Al Nahyan