Senators warn Trump-linked crypto firm may pose national security threat

Democratic senators are urging a probe into WLFI over alleged token sales to North Korea- and Russia-linked wallets, while researchers say some claims stem from false positives.

World Liberty Financial, a crypto company closely tied to US President Donald Trump and his family, is facing fresh scrutiny after two Democratic Party senators urged federal regulators to investigate the firm over alleged ties to sanctioned actors in North Korea and Russia.

In a letter sent to Attorney General Pamela Bondi and Treasury Secretary Scott Bessent, Senators Elizabeth Warren and Jack Reed warned that the company’s token sales may have exposed US national security to risk, citing evidence that WLFI governance tokens were purchased by blockchain addresses linked to foreign entities, CNBC reported on Tuesday.

The concerns stem from a September report by nonpartisan watchdog group Accountable.US, which claimed that World Liberty Financial sold tokens to traders with onchain connections to the Lazarus Group, North Korea’s state-backed hacking operation, as well as a sanctioned Russian sanctions-evasion tool, an Iranian crypto exchange and Tornado Cash.

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