Trump-Backed World Liberty Faces Scrutiny Over Alleged Rogue-State Crypto Links
World Liberty Financial, a cryptocurrency firm with ties to the Trump family, is under fire from U.S. senators over its alleged failure to vet early buyers of its $WLFI token. Senators Elizabeth Warren and Jack Reed have raised national security concerns, citing transactions with entities linked to North Korea's Lazarus Group, a sanctioned Russian ruble-backed evasion tool, and an Iranian crypto exchange.
The company reportedly sold $10,000 worth of $WLFI tokens to wallets later sanctioned for ties to Pyongyang. Watchdog group Accountable.US alleges these sales placed hostile actors "at the table" in a company connected to the WHITE House. World Liberty denies wrongdoing, maintaining it's a private entity with no political influence.