Government watchdog Accountable.US has recently published a report titled “American Sell-Out,” accusing President Trump’s World Liberty Financial crypto venture of selling tokens to entities associated with North Korea, Iran, and sanctioned money-laundering platforms. These findings have raised significant national security concerns, especially as Trump’s crypto empire has amassed over $1 billion in personal wealth, with his family ventures expanding rapidly within the digital asset sector.
One of the specific transactions highlighted in the report involved a $10,000 purchase on Inauguration Day by a trader known as “Shryder.eth,” who engaged in 55 transactions with a Treasury-sanctioned North Korean Lazarus Group wallet. Additionally, World Liberty Financial sold nearly 3,500 tokens to a user who deposited over $26,000 on Iran’s largest crypto exchange and controlled a pro-Iran social media account posting anti-American content.
Furthermore, the report pointed out sales of over 10,000 tokens to a user associated with A7A5, described as a Russian “ruble-backed sanctions evasion tool,” whose creators faced U.S. sanctions in August 2025. Additionally, the venture sold tokens to at least 62 users who had previously utilized Tornado Cash, a crypto mixing service that helped launder over $1 billion in illicit assets before Trump lifted Biden-era sanctions in March 2025.
The investigation by Accountable.US revealed troubling transaction patterns linking World Liberty Financial token buyers to America’s primary adversaries. For instance, user “Shryder.eth” purchased a significant number of WLFI tokens and received payments from wallets now sanctioned for their association with the Lazarus Group, a North Korean state-sponsored hacking organization.
Late compliance efforts by World Liberty Financial only disclosed blacklisting five accounts for “high risk exposure” after the controversial token sales had already taken place. Trump’s financial disclosure revealed he earned over $57 million from World Liberty Financial, with crypto assets now comprising 73% of his net worth. The Trump family’s digital empire rapidly expanded, growing from 60 to 185 Bitcoin treasury companies in twelve months.
The national security implications extend beyond individual transactions, prompting Senator Elizabeth Warren to demand answers from the Trump administration following a significant hack of a crypto exchange by the Lazarus Group. The ongoing scrutiny has highlighted potential risks associated with Trump’s crypto ventures and their acceptance of funds from questionable sources.
Accountable.US’s Executive Director Tony Carrk has called for a congressional investigation into foreign influence channels within the Trump family’s crypto empire. He emphasized the need for guardrails to prevent presidents and their families from enriching themselves through digital assets while maintaining access to sensitive government information.
The allegations against Trump’s World Liberty Financial crypto venture underscore the importance of transparency and accountability within the digital asset sector to safeguard national security interests and prevent illicit activities from undermining the integrity of the financial system.