Plus: Winklevoss twins secretly withdrew $280M in assets before crypto firm collapsed...
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9/28/23

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Greetings!  It's September 28, and we're tracking today's top stories: $165M of cocaine seized in Ireland, U.S. probes UBS sanctions evasion, Binance sells Russian unit, Winklevoss twins sold $280M in assets before crypto firm collapsed, and much more...

 

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Featured Story

 

๐ŸŽฏ Cork drugs haul: Ship intended to drop cocaine at locations along Irish, UK, EU coasts. Further three men arrested over cargo ship used to smuggle 2.2 tons of cocaine from a โ€˜murderousโ€™ South American cartel. Irish Times

 

Top Stories

 

๐Ÿ’ฅ UBS shares rattled by report of US probe into Russia sanctions evasion. What began as a probe into several banks turned into a full-scale investigation focusing on Credit Suisse, which was bought by UBS earlier this year in an emergency rescue deal. CNN

 

๐Ÿ’ฅ Binance Sells Russian Unit to Day-Old CommEX, Exits Country. "As we look toward the future, we recognize that operating in Russia is not compatible with Binance's compliance strategy." CoinDesk

 

๐Ÿ’ฅ Winklevoss twins secretly withdrew $280M in assets before crypto firm collapsed. The sum included 3,120 bitcoins, 18,060 ether and more than 142 million units of Geminiโ€™s โ€œstablecoin,โ€ which is pegged to the US dollar. NY Post

 

๐Ÿ’ฅ Treasury hits Iran drone makers with new round of sanctions. Treasury designated five entities and two individuals from Iran, China, Hong Kong, Turkey and the United Arab Emirates for providing "sensitive parts" to Iran's unmanned aerial vehicle program. UPI

 

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๐Ÿ’ฅ Treasury Designates Entities and Individual Exacerbating Sudanโ€™s Instability. Since the Sudanese people peacefully ousted Omar al-Bashir in April 2019, various actors, including the individual being designated today, have taken steps to undermine Sudanโ€™s efforts to establish civilian, democratic governance. U.S. Treasury

 

๐Ÿ’ฅ Russia's use of the Chinese yuan surges as the Kremlin looks to bypass sanctions. Prior to Russia's invasion of Ukraine early last year, only 3% of Russian imports were invoiced in yuan, but by the end of 2022 the share grew to 20%. Insider

 

๐Ÿ’ฅ Chinese Hackers Stole 60,000 State Dept. Emails in Breach Reported in July. Among the most sensitive information stolen were victimsโ€™ travel itineraries and diplomatic deliberations. Politico

 

๐Ÿ’ฅ Behind Ozempic Media Buzz, Undisclosed Drugmaker Money. Physicians, activists, and celebrities are quoted by newspapers and media outlets touting Ozempic without disclosing financial ties to the drugmaker. Lee Fang

 

๐Ÿ’ฅ Target says it will close nine stores in major cities across four states because of theft and organized crime. The big box chain is part of a wave of retailers that say theyโ€™re struggling to contain store crimes that have hurt their bottom lines. CNN

 

๐Ÿ’ฅ SEC Finalizes Settlements on Wall Street WhatsApp Probe. The settlements with broker-dealers and investment advisers would mark the latest enforcement action in the SEC's two-year crackdown on Wall Street's use of WhatsApp and other unapproved messaging apps that has so far resulted in more than $2 billion in fines. Reuters

 

๐Ÿ’ฅ Team Trump Prepares for Doom at New York Bank Fraud Trial. Huge sections of the Trump familyโ€™s real estate empire are having their business licenses revoked, and the Trumps are losing control of their companies to a court-appointed official. Daily Beast

 

๐Ÿ“˜ FinCEN issues a Notice of Proposed Rulemaking to extend the deadline for certain companies to file their beneficial ownership information reports FinCEN

IN THE NEWS

Russia

 

๐Ÿ‡ท๐Ÿ‡บ Russian zero-day seller offers $20M for hacking Android and iPhones TechCrunch

 

๐Ÿ‡ท๐Ÿ‡บ Chinese and Russian Aluminum Groups Sign Deal to Deepen Ties Bloomberg

 

๐Ÿ‡ท๐Ÿ‡บ Russian oil sold to India at 30% above Western price cap Reuters

 

๐Ÿ‡ท๐Ÿ‡บ Western sanctions on Russian diamonds set to disrupt a global industry AFP

 

๐Ÿ‡ท๐Ÿ‡บ Mystery Russian Plane in Pyongyang Stokes Concerns of Arms Deals Bloomberg

China

 

๐Ÿ‡จ๐Ÿ‡ณ China Names Lan Foโ€™an as Party Chief of Finance Ministry Bloomberg

 

๐Ÿ‡จ๐Ÿ‡ณ Microchip focus misses the bigger problem in Chinese trade Politico

 

๐Ÿ‡จ๐Ÿ‡ณ Here are the European countries who put curbs on Huawei 5G equipment Reuters

 

๐Ÿ‡จ๐Ÿ‡ณ US, Japan say โ€˜BlackTechโ€™ Chinese govโ€™t hackers exploiting routers during attacks Record

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Corruption & Financial Crime

 

๐Ÿ’ธ NYC professor gets new gig teaching, months after threatening reporter with machete Fox News

 

๐Ÿ’ธ Why Is New Jersey a Hotbed for Political Corruption? Politico

 

๐Ÿ’ธ Chinese immigrant workers sue over forced labor at illegal marijuana operation on Navajo land AP

 

๐Ÿ’ธ Thai police say drug bust nets methamphetamine, crystal meth and heroin worth $8.2 million AP

Crypto & Cyber

 

๐Ÿ” The Law Must Evolve To Make CBDCs Possible, Says BIS Chief Decrypt

 

๐Ÿ” Former CEO of sham crypto miner IcomTech pleads guilty to wire fraud for Ponzi scheme Cointelegraph

 

๐Ÿ” A $12 Million Request to Cover a Crypto Scam Sank a Bank CEO Bloomberg

 

๐Ÿ” Google fixes fifth actively exploited Chrome zero-day of 2023 Bleepingcomputer

 

๐Ÿ” DHS to host Latin American cyber summit as region faces an onslaught of digital attacks Record

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