Plus: UN Teachers of Hate Backed by Multi-Billion Dollar Western Budget Celebrate Hamas Massacre...
View in browser

11/13/23

Illicit Edge logo

Breaking News for Financial Crime Professionals

In partnership with

IMAGOTIPO OCG_Mesa de trabajo 1

Owl acts as your intel partner, helping you protect your assets and hard-earned reputation from crime. Learn more.

Hello!  It's November 13, and we're tracking top stories to start your week: FTX sues Bybit in $953M asset recovery push, Hezbollah operations in South America, Super Meth dangers stretch way beyond opioids, Western-backed UN teachers celebrate Hamas attacks, and much more...

 

Knowledge grows when shared.  Pass along Illicit Edge and invite a friend to subscribe here!

Featured Story

 

🎯 FTX Sues Crypto Firm Bybit to Recover Assets Worth $953 Million. Mirana pressured FTX employees to fulfill its withdraw requests as regular customers of FTX waited hours trying to get money off the exchange as it collapsed. Bloomberg

 

Top Stories

 

🌎 Hezbollah operations in South America. The arrest in Brazil of two people accused of planning terrorist attacks has put a spotlight on South American operations by Lebanese group Hezbollah. AFP

 

🌎 β€˜A Monster’: Super Meth and Other Drugs Push Crisis Beyond Opioids. The non-opioid drugs include those relatively new to the street, like the animal tranquilizer xylazine, which can char human flesh. NYT

 

🌎 UN Teachers Celebrated Hamas Massacre. The teachers of hate at UNRWA are largely funded by Western countries who contribute the lion’s share of UNRWA’s $1.6 billion-dollar budget. UN Watch

 

🌎 Hamas Needed a New Way to Get Money From Iran. It Turned to Crypto. The pivot to digital currencies helped Hamas receive large sums from Iran in the two years preceding the attacks on Israel. WSJ

 

🌎 Carbon credits at risk of link to Uyghur forced labor bought by BP and Spotify. Research found potentially coercive labor transfers that involved hundreds of people at two locations within 30 miles of the project. Guardian

 

🌎 Portugal’s Costa apologizes for cash seized at his official residence. Despite a far-reaching corruption scandal, the prime minister insists the country remains safe for foreign investors. Politico

 

🌎 EU weighs sanctions against Iran over Israel-Hamas war. The EU is discussing ramping up sanctions against Iran over its support for Hamas β€” but there is a wide split among EU diplomats. Politico

 

🌎 Race to host EU’s money-laundering watchdog hots up. Heft, geopolitics and money-laundering prowess are all coming into play as cities from Madrid to Vilnius jostle for a new agency. Euro News

 

🌎 More than $100M stolen from Poloniex crypto platform. The controversial company was founded in 2014 before being acquired in 2018 by Circle β€” the crypto giant behind the U.S. dollar pegged coin USDC. Record

 

🌎 Inside Wall Street's scramble after ICBC hack. The blackout left the brokerage temporarily owing BNY Mellon $9 billion, an amount many times larger than its net capital. Reuters

IN THE NEWS

Russia & China

 

πŸ’₯ Montenegro Told The EU It Had Frozen Assets Of Blacklisted Russians, But It Wasn't True RFE

 

πŸ’₯ Chinese Former Bank Chief Given Life In Prison For Bribery AFP

 

πŸ’₯ Senior Ukrainian official coordinated Nord Stream pipeline attack Fox

 

πŸ’₯ The NSA Seems Pretty Stressed About the Threat of Chinese Hackers in US Critical Infrastructure Wired

 

πŸ’₯ Nepal Is Investigating New Airport Made by China NYT

Crypto & Cyber

 

πŸ”‘ Hacker Steals $27M in Tether From Wallet Linked to Binance Deployer CoinDesk

 

πŸ”‘ Ethics watchdog rats out Circle for links to Tron in letter to Senators Warren, Brown Cointelegraph

 

πŸ”‘ Genesis, Three Arrows Capital Reach Agreement on $1B of Claims CoinDesk

 

πŸ”‘ LockBit ransomware leaks of Boeing data Bleepingcomputer

 

πŸ”‘ Binance to terminate Russian ruble deposits next week Cointelegraph

 

πŸ”‘ Ransomware tracker: The latest figures [November 2023] Record

Corruption & Financial Crime

 

πŸ’Έ Payments app Zelle begins refunds for imposter scams after Washington pressure Reuters

 

πŸ’Έ NYC Mayor Eric Adams had cellphones, iPad seized by FBI as part of corruption investigation NY Post

 

πŸ’Έ Feds peruse client list of powerful β€˜johns’ after bust of high-end prostitution ring Washington Times

 

πŸ’Έ Japanese vice minister resigns over tax scandal AP

 

πŸ’Έ Navy contractor sentenced for bribery after U.S. drops $50M fraud claim WaPo

Owl acts as your intel partner, helping you protect your assets and hard-earned reputation from crime. Learn more.

πŸ“©

Share Illicit Edge with friends!

They can subscribe here for free and never miss a story.

The Illicit Edge, P.O. Box 20559, New York, NY 10025

Manage preferences