A crypto company linked to US President Donald Trump received a $500 million secret investment from the UAE four days before Trump’s presidential inauguration in 2025, according to a Sunday report from the Wall Street Journal.
UAE took 49% stake in Trump-linked crypto firm
The $500 million investment granted the Emiratis 49% of World Liberty Financial, a fledgling cryptocurrency venture owned by the Trump family, with the deal being approved by Eric Trump, the US president’s son, according to documents cited by the Journal.
US Special Envoy Steve Witkoff’s family was also implicated in the deal, with $31 million slated to flow to entities affiliated with them, according to the documents.
The documents also detailed how the deal was backed by Sheikh Tahnoon bin Zayed Al Nahyan,…
