Accountable.us, a Washington D.C.-based watchdog, has accused the Trump’s family linked World Liberty Financial of its tokens to sanctioned entities connected to North Korea, Iran, and Russia.
Russian and Iranian Connections Alleged
A Washington D.C.-based watchdog, Accountable.us, has accused the Trump family-linked World Liberty Financial Inc. of selling hundreds of thousands of WLFI tokens to sanctioned entities with connections to North Korea and Iran.
According to the watchdog’s report, titled “American Sell-Out,” some of the transactions involved a cryptocurrency trader known as Shryder.eth, who purchased 600,000 WLFI tokens on the day of U.S. President Donald Trump’s inauguration. The report claims World Liberty Financial completed this transaction with a trader whose wallets were previously blocked by Uniswap for “illegal behavior.”
Additionally, the company also sold nearly 3,500 WLFI tokens to a crypto trader using the Iranian crypto exchange Nobitex. The crypto exchange has been accused by U.S. officials of enabling Iranian entities to bypass sanctions. Dealings with sanctioned entities allegedly continued after Trump’s inauguration, but this time with an investor using a Russian-backed sanction-busting tool.
“Since February 2, 2025, World Liberty Financial has sold user ‘0x9009’ over 10,000 WLFI tokens; this same user has also used the A7A5 crypto token — a Russian ruble-backed sanctions evasion tool — whose creators were sanctioned by the U.S. Government in August 2025,” Accountable.us stated in its report.
Besides the designated entities, the report also states that World Liberty Financial sold tokens to 62 users who had used Tornado Cash, a crypto mixing platform sanctioned by the Biden administration in 2022. The Trump administration lifted those sanctions in March of this year.
The report does, however, acknowledge that World Liberty Financial eventually took steps against designated entities, but this action came well after the initial token sales ended. As reported by Bitcoin.com News and other outlets in early September, the company blocked a total of 272 wallets, with five of them blacklisted for high-risk exposure.
However, the watchdog questioned why World Liberty Financial took so long to act, speculating that it may have been an effort to shield the company from potential fallout.
“Given the late hour of this disclosure, Americans must ask whether this effort was done to comply with the law, or to cover for sales to potential bad actors over the previous year,” the report concluded.
