WLFI partner AB Network reported to be connected with sanctioned Cambodian scam-related companies

ME News message. On April 9 (UTC+8), AB network, which has partnered with World Liberty Financial—an encryption project supported by Trump—has a “blockchain-themed resort” project planned in East Timor that involves three individuals who were sanctioned by the U.S. Treasury. These individuals are linked to Cambodia’s Prince Group, which is accused of operating a global scam network. Company records show that Yang Jian, the major shareholder of the development company, was sanctioned last October for allegedly collaborating with Prince Group CEO Chen Zhi. After the sanctions were announced, the three sanctioned individuals have been removed from the project, and there is currently no evidence that illegal funds flowed into the development project or that AB network has a direct link to Prince Group.

AB network announced in November last year that it had established a partnership with World Liberty Financial, granting permission to use the stablecoin USD1 on its blockchain. World Liberty Financial stated that it conducted due diligence on AB and said it was not informed about the resort project or the sanctioned individuals related to the East Timor project. Its lawyers said that claims of links to the sanctioned individuals are “baseless and untrue.” According to the FBI’s 2025 Internet Crime Report, the U.S. suffered losses of nearly $21 billion last year due to online scams, including more than $11 billion related to cryptocurrency-related fraud. Last year, the U.S. government seized $15 billion worth of Bitcoin from Chen Zhi. Cambodian authorities arrested Chen Zhi this January and extradited him to China.

Currently, the maximum total supply of USD1 on the World Liberty Financial blockchain held by AB network is approximately $3.6 million, with only about 3,000 holders. (Source: ODAILY)