BroadChain has learned that AB Network, a partner of the Trump family's crypto venture World Liberty Financial (WLFI), was involved in a proposed "blockchain-themed resort" in Timor-Leste alongside three individuals later sanctioned by the U.S. Department of the Treasury. These individuals have ties to the Cambodia-based Prince Group, which stands accused of running a global fraud network.
According to public records, Yang Jian, the majority shareholder of AB Network's core development company, was sanctioned in October 2025 for allegedly collaborating with Prince Group CEO Chen Zhi.
Following the sanctions announcement, the three individuals were removed from the Timor-Leste project. To date, there is no evidence that illicit funds entered the development project, nor is there any established direct link between AB Network and the Prince Group.
AB Network announced its partnership with World Liberty Financial in November 2025, authorizing the use of its USD1 stablecoin on AB's blockchain. World Liberty Financial stated it performed due diligence on AB and was unaware of the resort project or the sanctioned individuals involved. Its legal counsel has called any allegations linking the company to sanctioned persons "baseless and untrue."
The FBI's 2025 Internet Crime Report notes that U.S. losses from cybercrime neared $21 billion that year, with over $11 billion attributed to cryptocurrency-related fraud.
In a related development, the U.S. government seized $15 billion worth of Bitcoin from Chen Zhi in 2025. Cambodian authorities arrested Chen Zhi in January 2026 and extradited him to China.
Currently, the maximum total supply of the World Liberty Financial-hosted USD1 stablecoin on AB Network's blockchain is approximately $3.6 million, held by roughly 3,000 wallets.