Research shows that Trump’s crypto project is linked to a global network of fraud

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A Wall Street Journal investigation revealed World Liberty Financial (WLF) project.AB, a digital business linked to the Trump family, has partnered with a financial company called AB, whose major figures were found to have been approved by the US Treasury Department for their involvement in the global “pig killing” scam, which took billions of dollars from America.

The agreement, which enables the WLF USD1 stablecoin project to operate on the AB Network, was announced less than a month after the October 14 decision. Chase Herro and Zachary Volkman, who are at the center of the WLF’s operation, are currently being investigated by the United States Department of Justice in previous cases related to the same fraud.

This leads to a question that is coming up soon: Is the known partner of the president of the crypto project and the company whose shareholders and CEO were at the same time punished by the US government for running violent schemes?

Who are Chase Herro and Zachary Volkman? Why is the Ministry of Justice following them?

Choose search The Wall Street Journal’s Chase Hero and Zachary Volkman as the driving force behind the technology and process of the WLF project.

Federal investigators… Ministry of Justice The Securities and Exchange Commission (SEC) has re-examined their previous activities, especially Yield Game and Dough Finance, because they said that their infrastructure overlapped with a fraudulent “pig killing” group that defrauded investors of more than $100 million worldwide.

The Blockchain analysis carried out in this study shows the activities that go from the wallets associated with the initial development of the WLF to the addresses related to the fraudulent activities. The WLF project also reportedly recruited recruiters and consultants who had worked in these organizations while they were under government supervision.

Neither Herro nor Volkman have been charged yet. Lawyers for WLF told the Wall Street Journal that the company did not learn of AB’s connection to the concessionaire in East Timor until January 2026 – nearly two months after the announcement of the deal.

What is the “killing the pig” trick? How is this network related to WLF?

The “pig kill” scam is a long-term fraud scheme in which operators, often using forced labor in offshore pools, create fake online relationships with victims before leading them to fraudulent crypto transactions.

The United States Department of Justice explained that Prince’s group, which is the organization at the center of the crime, is running at least 10 violent crime centers in Cambodia using this method.

The connection to the WLF project goes through AB, which has been developing a blockchain-themed social network in East Timor. Two of these men, Mr. Yang Jian, who manages the site, and Mr. Yang Yanming, its general manager, were recognized on October 14 mainly because of their work for the Prince Group.

Even though AB removed three people who were admitted to the company shortly after the Treasury action, the deal with WLF was announced a few weeks later.

Legal risks here are not limited to interactions; If blockchain forensics proves the link wallet-level between the infrastructure WLF upstream and the fraudulent activities of the network using money fraudulently, as the study says, then the story goes away from just the history of damage to the history. Dodging sanctions is a crypto-backed scamThese are cases that federal prosecutors pursue aggressively.

Trump’s Crypto Exposure: Marketing Challenges

World Liberty Financial was founded in 2024 as a decentralized financial system (DeFi) with the support of the Trump family, making the project appear faster. USD1 stablecoin is the main financial instrument of the project, designed to work on peer blockchains.

There is no evidence that Donald Trump or his family knew about the alleged illegal writings of WLF associates. However, the failures of “know your partner” (KYP) described in the research are not trivial; Sanctioning more than 140 organizations on a day where two of your future partner’s executives appear on the list is the kind of oversight that regulators see as a structural problem rather than an end in itself.

Political complexity increases the complexity of any legal question. And it works Crypto companies are facing scrutiny due to political and financial issues Under varying degrees of press and congressional attention, the WLF Project, which features Trump’s name on every topic, has no defenses against intense scrutiny.

A note Research shows that Trump’s crypto project is linked to a global network of fraud appeared for the first time Cryptonews Arabic.

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