Trump family-linked DeFi project partnered with firm tied to sanctioned individuals

A DeFi project associated with the Trump family, World Liberty Financial (WLFI), partnered with an entity connected to individuals under U.S. and UK sanctions, CoinDesk reported. AB DAO, a Southeast Asia-based blockchain project that entered a partnership with WLFI last November, was found to have recently promoted a resort project linked to the Prince Group, a Cambodian criminal network. The resort project involved figures such as Chen Zhi, a Chinese national indicted by the U.S. government last October in connection with a "pig butchering" scam, which also led to an attempt to seize BTC. According to the report, WLFI stated it had conducted due diligence before the partnership but was unaware that AB DAO had promoted the Prince Group-linked resort. The situation has raised concerns about WLFI's partner vetting process.