World Liberty Financial, the crypto project tied to the Trump family, has taken a $100 million investment from a Chinese businessman who is under active investigation in the UK for money laundering. The deal is the largest disclosed token purchase for WLFI, and as much as $75 million of it flowed to entities linked to the Trump family and Witkoff.
A record token purchase
The $100 million investment is the largest disclosed token purchase for WLFI. The project, which has been selling its WLFI token to investors, has not previously disclosed a single purchase of this size. The buyer is a Chinese businessman, though his name has not been made public in the disclosures. The investment comes at a time when WLFI has been working to raise capital for its operations.
Where the money went
Up to $75 million of the investment flowed to entities linked to the Trump family and Witkoff. That is the bulk of the $100 million. The exact breakdown of how the funds were distributed has not been disclosed, but the scale of the transfer is notable. The Trump family and Witkoff have been involved with WLFI since its launch, and this investment represents a significant sum for them.
The investor's legal exposure
The investor is a Chinese businessman who is under active investigation in the UK for money laundering. The investigation is ongoing, and no charges have been filed. The businessman's identity has not been revealed in the available information, and it is unclear how the investment relates to the investigation. The UK investigation is active, but details are limited.
The UK investigation is ongoing, and its outcome could affect the investment. For now, WLFI has the $100 million, and the Trump family and Witkoff have received up to $75 million of it.
