Abu Dhabi state-backed MGX settled its $2 billion Binance investment in USD1, the Trump-family-linked stablecoin
The May 1, 2025 announcement was made onstage by WLF co-founder Zach Witkoff alongside Eric Trump.
Inside the Trump family's global crypto cash machine
Reuters · Secondary report
- Link
- https://www.reuters.com/investigations/inside-trump-familys-global-crypto-cash-machine-2025-10-28
- Publication date
- 2025-10-28
- Accessed
- 2026-07-21
- Last verified
- 2026-07-21
- Type
- news_report
- Notes
- Reuters investigation; estimates $802 million H1 2025 family crypto income, documents Sun's $75 million cumulative WLF purchases and the ~$56 million distribution calculation, and the MGX/USD1/Binance structure. Figures are Reuters estimates with explicit uncertainty.
Claims citing this source (2)
The SEC moved to pause its fraud case against Justin Sun weeks after he became WLF's largest known investor
The February 26, 2025 joint stay request is a documented sequence, not a proven exchange.