Trump-linked World Liberty faces scrutiny over ties to sanctioned network: The Times

A deal with an Asia-based blockchain project followed recent links to individuals later sanctioned over alleged ties to a major fraud network What to know : A Trump-linked cryptocurrency venture, World Liberty Financial, is under renewed scrutiny after partnering with AB DAO, whose recent flagship project involved individuals later sanctioned by the United States and Britain. World Liberty Financial says it conducted due diligence and has no relationship with sanctioned figures, but The Times found it was unaware AB DAO had promoted a resort tied to Cambodia’s Prince Group, which U.S. authorities call a major transnational criminal network. The episode deepens concerns about World Liberty Financial’s governance and vetting of partners, coming on top of a $500 million deal giving a UAE security adviser–backed firm a 49 percent stake in the company shortly before Mr. Trump returned to office.