Haciyev Reşit 
Democratic senators in the United States have called for a federal investigation into World Liberty Financial (WLFI), a crypto project tied to the Trump family, arguing that it may pose a national security risk. According to the allegations, WLFI’s token sales may have reached wallets linked to sanctioned foreign actors.
Senators Elizabeth Warren and Jack Reed sent a letter to Attorney General Pamela Bondi and Treasury Secretary Scott Bessent, warning that WLFI’s activities could pose serious national security concerns. The alert is based on a detailed report published by the oversight group Accountable.US.
Basis of the Allegations: Possible Links to Sanctioned Actors
The report claims that WLFI may have sold tokens to addresses connected to:
- North Korea’s state-backed hacking unit Lazarus Group
- Russian sanction-evasion networks
- An Iran-aligned crypto exchange
- Wallets associated with Tornado Cash
According to the senators, these token sales may have allowed foreign actors to gain an indirect “seat at the table” — giving them potential influence within the WLFI ecosystem.
The Company Denies the Allegations
World Liberty Financial told CNBC that the accusations are baseless and insisted that all presale participants underwent strict AML/KYC checks.
“All participants in the presale were subjected to rigorous AML/KYC screenings. Millions of dollars in investment requests were rejected for failing to meet compliance requirements.”
The company claims the accusations stem from technical misinterpretations.
Researcher Nick Bax: “Many of the Claims Are Incorrect”
Blockchain researcher Nick Bax, in his independent review, showed that part of the allegations were based on faulty conclusions.
His findings indicate:
- A memecoin contract called Dream Cash creates the appearance that tokens are being routed to an address labeled as Lazarus Group.
- This is a technical mechanism—not an actual interaction—yet it can appear as a North Korean link in certain blockchain analysis tools.
- Due to these false matches, approximately $95,000 worth of WLFI tokens were mistakenly frozen.
The Trump Family’s Influence Over WLFI
WLFI’s ownership structure is a central driver of political controversy. According to the project’s website, Eric Trump, Donald Trump Jr., and Barron Trump are listed as founding partners. Donald Trump is listed as a “Founding Co-Emeritus.”
Additionally, the Trump-owned company DT Marks DEFI LLC holds 22.5 billion WLFI tokens, and 75% of all token sale revenue flows to this entity. Senators Warren and Reed argue that this ownership structure creates a direct conflict of interest and poses serious risks — especially concerning public officials.
Regulatory Pressure on WLFI Is Increasing
The project has recently attracted increased attention from both political figures and regulators. Its association with the USD1 stablecoin and the UAE-backed MGX fund’s major investment in Binance have brought WLFI back into public debate.
The allegations surrounding World Liberty Financial have sparked intense discussion across both the crypto industry and U.S. politics. While some claims point to serious national security concerns, others appear to stem from technical errors in blockchain analytics tools. As a result, WLFI’s operations, ownership structure, and the potential investigations will be closely monitored.
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