A Wall Street Journal investigation has found that World Liberty Financial partnered with a virtual-currency company called AB whose controlling shareholder and general manager were sanctioned by the U.S. Treasury on October 14 for alleged ties to Prince Group — a transnational pig-butchering syndicate accused of running at least 10 violent scam compounds in Cambodia and stealing billions from American victims.
The partnership, which enabled WLF's USD1 stablecoin to operate on AB's network, was announced less than a month after those sanctions. WLF's lawyers told the WSJ the company only learned of AB's link to the sanctioned East Timor resort project in January 2026 — roughly two months after the deal was public. Meanwhile, federal investigators are examining WLF operatives Chase Herro and Zachary Folkman's prior ventures — Yield Game and Dough Finance — for alleged infrastructure…
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