World Liberty Financial Partnership Faces Scrutiny Over Links to U.S.-Sanctioned Individuals

Gate News message, April 29 — World Liberty Financial (WLFI), a DeFi project involving the Trump family, has come under scrutiny after the Wall Street Journal reported on April 28 that its partnership with digital asset venture firm AB involves individuals sanctioned by the U.S. government for alleged ties to Prince Group, a major Asian organized crime syndicate.

According to the report, two men leading AB's blockchain resort project were sanctioned for their alleged involvement with Prince Group's fraud and money laundering operations. The U.S. Treasury Department has sanctioned over 140 individuals and entities linked to Prince Group's corporate network.

WLFI responded by stating it had no relationship with the sanctioned individuals and was unaware of the blockchain resort project when announcing the AB partnership. The project described the arrangement as a limited, non-exclusive technical integration allowing USD1 (World Liberty Financial USD) to function on the AB network, rather than a full partnership.