Accountable released a report titled “American Sell-Out” that alleges World Liberty Financial, a crypto project tied to President Trump, sold tokens to wallets linked to North Korea, Iran, and sanctioned money laundering tools.
The report points to specific trades, such as a $10,000 purchase on Jan. 20, 2025, by a wallet known as Shryder.eth, and says the transactions raise national security concerns.
Alleged links to sanctioned actors
Accountable.US says the firm’s token sales helped funnel money from accounts tied to hostile actors into the Trump family’s growing crypto business. The group called for a congressional probe into foreign influence and the safeguards around presidential family wealth.
The report highlights a series of troubling connections. It says Shryder.eth made 55 transactions with a wallet the U.S. Treasury has sanctioned for links to the Lazarus Group.
Lazarus is widely reported as a North Korean state-sponsored hacking unit. The document also flags a buyer who deposited more than $26,000 on NoBitex.IR, Iran’s largest crypto exchange. That buyer, the report says, reposted pro-Iran content on social media and made threats against U.S. forces.
Sales tied to sanctions evasion tools
Accountable.US. identifies other buyers who interacted with services described as sanctions evasion tools. The report says over 10,000 tokens went to a user who used A7A5, labelled in the findings as a ruble-backed tool tied to Russian evasion networks.
It also notes that at least 62 buyers had prior activity with Tornado Cash, a crypto mixer once linked to more than $1 billion in illicit flows. The report alleges these patterns suggest the venture sold tokens to accounts with histories of sanction exposure or laundering techniques.
Also Read: Donald Trump Reports $57M Income From World Liberty Financial Crypto Venture, Report
Details on a high-profile purchase
The report gives granular detail on one sale. On Jan. 20, 2025, Shryder.eth bought 666,666 WLFI tokens for $10,000. The account later received a small extra allocation in a June airdrop.
Blockchain tracing, the report says, shows Shryder.eth had earlier received payments from wallets now sanctioned by the Treasury Office of Foreign Assets Control for Lazarus ties. The account was later blocked from mainstream services, including Uniswap and OpenSea, the report notes.
Timing of blacklists and disclosures
Accountable.US points to delays in blocking suspect buyers, and the report says World Liberty Financial only blacklisted five accounts for “high risk exposure” on Sept. 5, 2025.
It also says the company did not blacklist Shryder.eth until Aug. 31, 2025. Those actions, the watchdog argues, came months after the token sales and after scrutiny of the venture increased.
Financial and corporate growth
The report adds that World Liberty Financial has helped build large crypto holdings for the Trump family. It says President Trump earned more than $57 million from the venture and that crypto now makes up about 73% of his net worth.
The family’s digital holdings, the report says, include dozens of Bitcoin treasury companies that grew quickly, and billions in trading volume on foreign exchanges. The document also notes that a related company holds roughly $2 billion in Bitcoin, equal to about 40% of its market value.
Calls for oversight and investigation
Tony Carrk, Accountable.US. executive director is quoted in the report asking why the venture accepted funds from accounts linked to Iran and to platforms that aid sanctions evasion.
He urged Congress to probe how foreign money moved into assets tied to the president’s family. The watchdog framed the issue as a national security risk that needs immediate attention.
Broader implications
The report ties these transactions to wider worries about foreign influence, illicit finance, and the checks that should guard public office holders.
If true, the findings raise hard questions about vetting, monitoring and the speed of anti-fraud responses. They also highlight how token sales can touch complex cross-border flows that are hard to police.
Also Read: Trump Family Quietly Reduces Stake in Core Crypto Venture, World Liberty Financial, from 60% to 40%