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🎯 NYDFS Hires New Crypto Unit Leaders. New York’s financial regulator appoints former official from Dubai’s financial regulator to help oversee its virtual currency unit. WSJ
Top Stories
🌎 Secret Bank Ratings Show U.S. Regulator’s Concern on Handling Risk. A key U.S. regulator has privately found half of the major banks it oversees have an inadequate grasp of a broad swath of potential risks. Bloomberg
🌎 The Billionaire Criminal Who Secretly Profited Off Jack Ma’s Deals. Confidential documents show that Xiao Jianhua, a corrupt investor tied to China’s political elite, backed the country’s most successful and revered entrepreneur. NYT
🌎 Illicit chip flows to Russia seen slowing, but China, HK remain transshipment hubs. China is supporting Russia's war in Ukraine by exporting parts and equipment for weapons. Reuters
🌎 Spy-linked Russians restart trade with German toolmaker. Heller Tools exported machinery to entities linked to a covert FSB smuggling network. FT
🌎 Fake CrowdStrike fixes target companies with malware, data wipers. Once the fake CrowdStrike update is executed, the data wiper is extracted and launched to destroy data stored on the device. Bleepingcomputer
🌎 South African police discover multimillion-dollar meth lab on farm. Police arrested four people including two Mexican nationals after uncovering massive lab on a farm in the country’s north. CNN
🌎 UN approves more transparent procedures for people and entities to get off its sanctions lists. The resolution, co-sponsored by Malta and the U.S., authorizes the establishment of a new informal working group on improving effectiveness. AP
🌎 Teenage suspect in MGM Resorts hack arrested in Britain. Police in the UK have arrested a 17-year-old for his role in the cybercriminal group that brought MGM Resorts casinos to a standstill last year in a ransomware attack. Record
🌎 Iran’s nuclear weapon breakout time is 1-2 weeks. The assessment marks the shortest breakout time that U.S. officials have ever referenced and comes as Iran boosts its production of fissile material. CNN
🌎 IRGC secretly funds Al-Qaeda ops in Middle East. Tehran has permitted Al-Qaeda to facilitate terrorist activities and transfer funds and fighters since 2009 while also harboring its leaders. Iran International
🌎 Afghanistan – wish you were here? The Taliban do. Decades of conflict mean that few tourists dared step foot in the Central Asian nation since its heyday as part of the hippie trail in the 1970s. BBC
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