UN
United Arab Emirates
3 connections · $31M in documented flows
Secret 49% WLF stake via spy chief, $2B USD1 deal, AI chip access
Overview
The UAE, through entities connected to Sheikh Tahnoun bin Zayed Al Nahyan (National Security Advisor), purchased a secret 49% stake in WLF for $500 million. MGX, an Abu Dhabi state-backed company led by Tahnoun, used $2 billion in WLF's USD1 stablecoin to finance a deal with Binance. The Trump administration subsequently approved giving the UAE access to 500,000 advanced AI chips per year.