PANews reported on November 18th, citing CNBC, that two US senators have urged the Justice Department and Treasury Department to investigate World Liberty Financial, citing alleged links to illicit actors in North Korea and Russia. On Tuesday, Senators Elizabeth Warren and Jack Reed sent a letter to Attorney General Pamela Bondi and Treasury Secretary Scott Bessent expressing concerns about World Liberty Financial, stating that the cryptocurrency company, heavily owned and operated by the Trump family, could pose a risk to national security. The letter states that World Liberty Financial lacks sufficient safeguards to prevent bad actors from transferring funds or influencing its governance. The senators cited a September report from the nonprofit corporate watchdog Accountable.US, which stated that World Liberty Financial had sold its WLFI tokens to “multiple highly suspicious entities.” These entities include: traders with blockchain ties to the North Korean hacking group Lazarus Group; a sanctioned Russian “ruble-backed sanctions evasion tool”; an Iranian cryptocurrency exchange; and the known money laundering platform Tornado Cash.PANews reported on November 18th, citing CNBC, that two US senators have urged the Justice Department and Treasury Department to investigate World Liberty Financial, citing alleged links to illicit actors in North Korea and Russia. On Tuesday, Senators Elizabeth Warren and Jack Reed sent a letter to Attorney General Pamela Bondi and Treasury Secretary Scott Bessent expressing concerns about World Liberty Financial, stating that the cryptocurrency company, heavily owned and operated by the Trump family, could pose a risk to national security. The letter states that World Liberty Financial lacks sufficient safeguards to prevent bad actors from transferring funds or influencing its governance. The senators cited a September report from the nonprofit corporate watchdog Accountable.US, which stated that World Liberty Financial had sold its WLFI tokens to “multiple highly suspicious entities.” These entities include: traders with blockchain ties to the North Korean hacking group Lazarus Group; a sanctioned Russian “ruble-backed sanctions evasion tool”; an Iranian cryptocurrency exchange; and the known money laundering platform Tornado Cash.
US senators have called for an investigation into World Liberty Financial, a crypto company linked to the Trump family.
PANews reported on November 18th, citing CNBC, that two US senators have urged the Justice Department and Treasury Department to investigate World Liberty Financial, citing alleged links to illicit actors in North Korea and Russia. On Tuesday, Senators Elizabeth Warren and Jack Reed sent a letter to Attorney General Pamela Bondi and Treasury Secretary Scott Bessent expressing concerns about World Liberty Financial, stating that the cryptocurrency company, heavily owned and operated by the Trump family, could pose a risk to national security.
The letter states that World Liberty Financial lacks sufficient safeguards to prevent bad actors from transferring funds or influencing its governance. The senators cited a September report from the nonprofit corporate watchdog Accountable.US, which stated that World Liberty Financial had sold its WLFI tokens to “multiple highly suspicious entities.” These entities include: traders with blockchain ties to the North Korean hacking group Lazarus Group; a sanctioned Russian “ruble-backed sanctions evasion tool”; an Iranian cryptocurrency exchange; and the known money laundering platform Tornado Cash.
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