{"id":76660,"date":"2026-08-11T09:36:29","date_gmt":"2026-08-11T09:36:29","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/former-irish-pm-bertie-aherns-crypto-charity-shutting-down\/"},"modified":"2026-08-11T09:36:29","modified_gmt":"2026-08-11T09:36:29","slug":"former-irish-pm-bertie-aherns-crypto-charity-shutting-down","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/former-irish-pm-bertie-aherns-crypto-charity-shutting-down\/","title":{"rendered":"Former Irish PM Bertie Ahern\u2019s Crypto Charity Shutting Down"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Bertie Ahern\u2019s AB Foundation applied to dissolve after never trading following its 2025 launch.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">The collapse highlights rising regulatory scrutiny for crypto entities tied to a Cambodian group under U.S. sanctions.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">The Irish CRO will formally dissolve the non-profit as crypto philanthropy faces tighter global oversight.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Inactive Since Launch<\/h2>\n<p>The AB Foundation, an Irish-registered nonprofit organization chaired by former Irish Prime Minister Bertie Ahern, is being wound up after reportedly <a href=\"https:\/\/thecurrency.news\/articles\/235901\/the-crypto-charity-once-chaired-by-bertie-ahern-is-being-wound-up\/\" target=\"_blank\" rel=\"noopener noreferrer\">failing to conduct any operational business<\/a> beyond its initial launch event.<\/p>\n<p>According to Ireland\u2019s Companies Registration Office (CRO) filings, the AB Foundation has applied for a voluntary strike-off to dissolve the company. While official records reportedly indicate the non-profit never traded, the <a href=\"https:\/\/news.bitcoin.com\/ab-charity-foundation-provides-additional-hkd-5-million-bringing-total-donations-to-hkd-15-million-to-aid-hong-kongs-kwong-fuk-estate-recovery\/\">foundation claimed in late 2025<\/a> that it donated over $1.9 million to support victims of a level-five fire at Hong Kong\u2019s Kwong Fuk Estate in Tai Po.<\/p>\n<p>Launched in early 2025 by crypto firm AB, the AB Foundation was positioned as an initiative aimed at using blockchain technology and artificial intelligence to transparently <a href=\"https:\/\/news.bitcoin.com\/binance-charity-pledges-150000-to-flood-relief-in-india\/\">fund global philanthropic efforts<\/a>. To build institutional credibility, the foundation recruited an extensive advisory network featuring nearly 30 former heads of state and international leaders.<\/p>\n<p>Besides Ahern, prominent figures associated with the foundation include Timor-Leste President Jos\u00e9 Ramos-Horta, former Nigerian President Olusegun Obasanjo and former Ukrainian President Victor Yushchenko. Despite its ambitious debut and global board recruitment, the charity reportedly never held a single official meeting following its inauguration.<\/p>\n<p>The non-profit became embroiled in controversy after investigations revealed ties between AB and a Cambodian conglomerate facing U.S. sanctions over alleged involvement in <a href=\"https:\/\/news.bitcoin.com\/the-secret-service-recovers-25-million-in-crypto-from-five-separate-investigations\/\">crypto fraud, scam operations<\/a> and human trafficking networks. The foundation was drawn into further controversy when its name became associated with a proposed cryptocurrency resort and development project in Timor-Leste involving a Chinese-born businessman linked to the foundation\u2019s ecosystem.<\/p>\n<p>Ahern pushed back earlier this year, stating he had \u201czero connection\u201d to the Timor-Leste development or related donations and emphasizing that he knew nothing of the project beyond his ceremonial role with the charity. The former prime minister further asserted that there were no links between the Irish-registered nonprofit and sanctioned overseas groups.<\/p>\n<p>With the voluntary strike-off process now underway, the Irish nonprofit will be formally dissolved, effectively bringing an end to the short-lived venture into crypto philanthropy.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/crypto-news\/former-irish-pm-bertie-aherns-crypto-charity-shutting-down\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Bertie Ahern\u2019s AB Foundation applied to dissolve after never trading following its 2025 launch. The collapse highlights rising regulatory scrutiny for crypto entities tied to a Cambodian group under U.S. sanctions. The Irish CRO will formally dissolve the non-profit as crypto philanthropy faces tighter global oversight. [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":76661,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/76660"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=76660"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/76660\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/76661"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=76660"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=76660"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=76660"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}