Trump crypto venture partners with platform linked to Hamas, Hezbollah
Trump and his new Middle East envoy, billionaire Steve Witkoff, has partnered with a crypto platform that authorities and financial experts say has been used by criminals and Iran-backed militant groups Hamas and Hezbollah.
World Liberty Financial Inc, founded by the Witkoff family two months before November's U.S. election with Trump as a financial beneficiary, presents concerns over ethics and conflicts of interest, say six specialists in U.S. government ethics.
Among their biggest concerns is World Liberty's new partner: Tron crypto platform.
Quicker and cheaper than Bitcoin, the Tron network has overtaken its rival as a vehicle for crypto transfers associated with groups designated as terror organizations by Israel, the United States and other countries, Reuters reported in 2023, citing interviews with seven financial crime experts and cryptocurrency investigations specialists.
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