As a seasoned analyst with over two decades of experience in the financial industry, I have seen my fair share of partnerships that raise eyebrows. The collaboration between Donald Trump and Steve Witkoff on ‘World Liberty Financial,’ coupled with their recent association with Tron, leaves me with a sense of unease.
In a recent collaboration, President-elect Donald Trump teamed up with Steve Witkoff to establish a cryptocurrency venture called ‘World Liberty Financial.’ Some financial analysts have raised concerns that this platform has allegedly been employed by criminal elements and organizations such as Hamas and Hezbollah, which are supported by Iran, for illicit activities.
The recent concern raises questions on this project because of its new partner project Tron, an alternate blockchain platform to Bitcoin offering low fee and high speed transactions.
According to Reuters, Tron network has surpassed its competitor as a means for cryptocurrency transactions by collaborating with various organizations linked to terrorism in Israel, the U.S., and other nations. (Paraphrased)
As a researcher, I find myself drawn to the efficiency and affordability of Tron, compared to Bitcoin. Recently, I’ve witnessed an exciting announcement: this blockchain platform is planning to inject a substantial $30 million into World Liberty Finance.
Since July 2021, Israel’s agency in charge of combating terrorist financing, the National Bureau for Counter Terror Financing (NBTCF), has blocked 186 digital wallets on the Tron platform. The NBTCF stated that these wallets were allegedly utilized by a “terrorist group” to fund a “grave act of terrorism.
84 wallets connected to Hamas, Hamas-affiliated organizations like Islamic Jihad, 39 linked to Hezbollah, and 63 tied to unidentified terrorist groups or money launderers using Tron have been identified by Israeli authorities. The latest confiscation was made public on March 28th, but neither Hamas nor Hezbollah provided a response regarding these allegations.
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2024-12-18 15:02