The AB Network blockchain platform faces scrutiny over its promotion of a luxury resort project linked to individuals later sanctioned by the U.S. for alleged ties to the Prince Group fraud network. The investigation, conducted by the Organized Crime and Corruption Reporting Project, found these sanctioned figures were removed from the project, which was subsequently canceled. No evidence shows direct wrongdoing by AB Network or its partners.
A controversial crypto project with political ties is facing scrutiny over links to individuals associated with an alleged scam network. An investigation found the AB Network promoted a luxury resort project connected to individuals later sanctioned by the United States.
The project was linked to figures accused of ties to a major fraud operating across Southeast Asia. The AB Network had recently gained attention after partnering with World Liberty Financial, a cryptocurrency company co-owned by the family of Donald Trump.
The proposed “blockchain theme resort” in Timor-Leste involved three individuals linked to the Prince Group. Authorities have accused this group of being part of a global scam network responsible for billions of dollars in fraud.
The sanctioned individuals were removed from the resort project shortly after the sanctions were announced. There is no evidence that AB Network or its partners were directly involved in illegal activity.
The resort was marketed as a major crypto project hub designed to attract global investors. Plans included luxury villas, a yacht club, and a large tech-focused development.
Despite these ambitions, the crypto project never moved beyond early stages. The report stated the agreement was canceled before any significant work began and did not result in financial or legal commitments.
The findings come as Southeast Asia has been seen as a hotspot for large-scale online scams. These are often run from compounds disguised as hotels, casinos, or tech hubs.
