WLFI partner AB Network linked to sanctioned Cambodian scam-related companies

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

AB network announced its partnership with World Liberty Financial in November last year, receiving authorization to use the stablecoin USD1 on its blockchain. World Liberty Financial said it had conducted due diligence on AB and stated that it was not informed about the resort project or the sanctioned individuals associated with the Timor-Leste project. Its lawyer said claims of a connection between the sanctioned individuals are “baseless and untrue.”

According to the FBI’s 2025 Internet Crime Report, last year the United States suffered nearly $21.0 billion in losses from online scams, including more than $11.0 billion in losses from crypto-related fraud. Last year, the U.S. government seized $15.0 billion worth of Bitcoin from Chen Zhi. Cambodian authorities arrested Chen Zhi this January and extradited him to China. At present, AB network’s maximum total supply of USD1 on the World Liberty Financial blockchain is about $3.6 million, with only about 3,000 holders. (Source: ODAILY)