A crypto venture recently unveiled by US President-elect Donald Trump and his new Middle East envoy, billionaire Steve Witkoff, has partnered with a crypto platform that authorities and financial experts say has been used by criminals and Iran-backed militant groups Hamas and Hezbollah.

World Liberty Financial Inc , founded by the Witkoff family two months before November's US election with Trump as a financial beneficiary, presents concerns over ethics and conflicts of interest, say six specialists in US government ethics.

Among their biggest concerns is World Liberty's new partner: Tron crypto platform.

Quicker and cheaper than Bitcoin, the Tron network has overtaken its rival as a vehicle for crypto transfers associated with groups designated as terror organisations by Israel, the United States and other countries, Reuters reported in 2023 , citing interviews with seven financial crime experts and cryptocurrency investigations specialists.

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