World Liberty Financial said its partner AB network was connected to a Timor-Leste blockchain resort project involving three individuals later sanctioned, prompting added scrutiny of partner due diligence and disclosure.
AB network, a partner of World Liberty Financial, was linked to a blockchain resort project in Timor-Leste that involved three individuals who were later sanctioned. World Liberty Financial said it conducted due diligence on AB and was not informed about the resort project. The update adds detail to earlier reports about an Asia-based blockchain project facing scrutiny over connections to sanctioned individuals. The circulating supply of World Liberty’s USD1 on AB’s blockchain is about $3.6 million, with roughly 3,000 holders.