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Report: Trump-Linked WLFI Partnered With Project Linked to Alleged Fraud Syndicate
TL;DR
World Liberty Financial, co-owned by the Trump family, partnered with blockchain network AB shortly after the US sanctioned individuals linked to a major fraud syndicate. The partnership raises concerns about due diligence given AB's ties to sanctioned entities.
Key points
- World Liberty Financial is co-owned by the Trump family
- Partnership with blockchain network AB announced on November 12, 2025
- AB's project in East Timor involved sanctioned individuals
- Concerns raised about due diligence in Trump-linked crypto deals
- AB promotes a blockchain theme resort in Timor-Leste
Mentioned in this story
World Liberty FinancialABEast Timor
USD1 stablecoin
World Liberty Financial (WLFI), the crypto company co-owned by the Trump family, announced a partnership with a blockchain network called AB, less than a month after the US government sanctioned more than 140 people and entities tied to what it described as one of Asia’s largest criminal organizations.
But according to the Wall Street Journal (WSJ), AB’s flagship resort project in East Timor involved three people sanctioned in that crackdown, raising questions about due diligence in Trump-linked crypto deals.
The Partnership and Its Ties to a Sanctioned Report
The collaboration, announced on November 12, 2025, gave AB the right to carry World Liberty’s USD1 stablecoin on its blockchain network.
AB’s post on X at the time described it as a move to strengthen the platform’s “DeFi and payments ecosystem.” But the WSJ says the firm had, until recently, also been promoting a planned “blockchain theme resort” in the Southeast Asian nation of Timor-Leste, which had deep ties to people the US Treasury had just blacklisted.
The resort company, AB Digital Technology Resort, was majority-owned by Yang Jian, a Cyprus citizen sanctioned by the US Treasury for allegedly helping Prince Group CEO Chen Zhi develop a separate resort in Palau, described by Treasury as a “predatory investment.”
Yang Yanming, the resort’s general manager, was also sanctioned, as was Shih Ting-yu, a Taiwanese national identified as working on the project. All three were removed from the company shortly after the October 14 sanctions were announced, corporate documents show, and none of them have been charged.
The Prince Group, Cambodia-based and accused by the US government of running at least ten violent scam compounds, is alleged to have stolen billions from victims through “pig butchering” schemes, which are online relationships cultivated over time before the victim’s money is taken.
Who’s Behind AB and What World Liberty Says
Per the WSJ report, the AB network presents itself as decentralized, with entities in Ireland and the Cayman Islands, but investigators identified two ethnic Chinese businessmen as its central figures: Sui Chenggang, the beneficial owner of AB’s Cayman Islands company, and Lin Xiaofan, a Guangdong-born entrepreneur who travels on a St. Kitts and Nevis passport and, by his own account, introduced Sui to World Liberty executives.
Q&A
What is the significance of World Liberty Financial's partnership with AB?
The partnership allows AB to use World Liberty's USD1 stablecoin, raising concerns about the legitimacy of the collaboration due to AB's ties to sanctioned individuals.
Who are the individuals linked to the fraud syndicate associated with AB?
AB's flagship project involved three individuals who were recently sanctioned by the US government for connections to one of Asia's largest criminal organizations.
What was the US government's action against the individuals tied to AB?
The US government sanctioned over 140 people and entities linked to a major fraud syndicate, which included individuals associated with AB's projects.
