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7/29/24

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Happy Monday!  It's July 29, and we're tracking top stories to start the week: Putin's mafia state model, TikTok sent sensitive U.S. data to Bytedance in China, 'Pirate of the Unknown' is extradited to U.S. for cocaine conspiracy, terrifying opioid 100 times stronger than fentanyl discovered in NYC drug supply, and much more...  

 

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๐ŸŽฏ Putinโ€™s mafia state: How despotic leaders are buying power across the globe. Putin crafted a new type of authoritarianism that would become โ€œthe model and inspiration for many other modern dictatorships.โ€ NYP

 

Top Stories

 

๐ŸŒŽ TikTok sent sensitive data on U.S. users to parent company ByteDance in China. U.S. DOJ has accused TikTok of harnessing the capability to gather bulk information on users based on views on divisive social issues. Fortune

 

๐ŸŒŽ A man dubbed 'pirate of the unknown' is extradited to U.S. in cocaine trafficking conspiracy. Radonjic was a high-ranking member of a transnational drug organization that used commercial cargo ships to transport tons of cocaine. AP

 

๐ŸŒŽ Terrifying opioid 100 times stronger than fentanyl, deadly animal tranquilizer discovered in NYC drug supply. The substances are usually shipped from China and India to Central and South America, where cartels cut narcotics like cocaine and heroin with the drugs. NYP

 

๐ŸŒŽ State Street to Pay $7.5M to Settle Allegations of Russia-Related Sanctions Violations. A subsidiary of the financial services firm received payments from two Russian entities facing U.S. sanctions. WSJ

 

๐ŸŒŽ Crypto Use in Terror Financing Rises but Is Still Relatively Small. A Singapore terrorism threat assessment noted an increasing use of cryptocurrencies in terror financing, though cash and other means remained dominant. CoinDesk

 

๐ŸŒŽ WazirX to โ€˜socializeโ€™ $230M security breach loss among customers. WazirX will โ€œrebalanceโ€ customer portfolios, returning only 55% of their holdings while locking the remaining 45% in USDT-equivalent tokens. TechCrunch

 

๐ŸŒŽ U.S. Sanctions Grapple With China's Murky North Korea Networks. From restaurants staffed by North Korean waitresses to grizzled traders in rundown border towns, Pyongyang has openly conducted trade in China since the end of Covid restrictions. AFP

 

๐ŸŒŽ Seven banks share data with UK law enforcement in 'dirty money' crackdown. Britain has ramped up efforts to tackle economic crime, which lawmakers say costs the economy up to $452B each year. Reuters

 

๐ŸŒŽ Mexican drugs lord โ€˜El Mayoโ€™ has been captured, but does targeting kingpins work? The structure and story of the Sinaloa cartel since 2012 has been one whereby some strengths became weaknesses. Guardian

 

๐ŸŒŽ Posing as โ€˜Alicia,โ€™ This Man Scammed Hundreds Online. He Was Also a Victim. A multibillion-dollar cyberfraud industry operating out of Southeast Asia relies on forced labor and torture. WSJ

 

๐ŸŒŽ Short Sellers Feel Heat After U.S. Charges Andrew Left With Fraud. For a group that has long courted controversy by taking on some of the biggest names in business, itโ€™s a particularly sobering moment. Bloomberg

 

๐ŸŒŽ U.S. may 'calibrate' Venezuela sanctions policy post-election. The Venezuelan presidential inauguration is in January, so the response would play out over the rest of the year. Reuters

 

๐ŸŒŽ The most chilling words today: Iโ€™m from NewsGuard and I am here to rate you. The rating of sites is arguably the most effective way of silencing or marginalizing opposing views. Hill

IN THE NEWS

Russia

 

๐Ÿ‡ท๐Ÿ‡บ Russiaโ€™s central bank hikes interest rates as inflation continues to spiral Semafor

 

๐Ÿ‡ท๐Ÿ‡บ Western DJs accused of โ€˜normalizing warโ€™ for playing at Russian techno events Guardian

 

๐Ÿ‡ท๐Ÿ‡บ EU finally sends โ‚ฌ1.5B from Russian assets to Ukraine Politico

 

๐Ÿ‡ท๐Ÿ‡บ Yellen says G7 can reach deal on $50B Ukraine loan by October Reuters

 

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China

 

๐Ÿ‡จ๐Ÿ‡ณ Protesters with ties to Chinese Communists march in support of NYC lawmaker accused of biting NYC cop NYP

 

๐Ÿ‡จ๐Ÿ‡ณ Fuyao Glass says Ohio unit not target of investigation after Homeland Security raids Reuters

 

๐Ÿ‡จ๐Ÿ‡ณ From Hero to Zero: Fake-Fueled Patriotic Marketing on Chinese Social Media Platforms Diplomat

 

๐Ÿ‡จ๐Ÿ‡ณ Boeing asks suppliers for Chinese titanium records, as check for forgeries widens Reuters

 

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Corruption & Financial Crime

 

๐Ÿ’ธ Spanish police arrest Italian mafia fugitive Reuters

 

๐Ÿ’ธ US to help Amazon nations fight illicit finance AFP

 

๐Ÿ’ธ The mystery of Argentinaโ€™s gold El Pais

 

๐Ÿ’ธ Italyโ€™s Liguria Governor Toti Resign Amid Corruption Probe AP

 

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Crypto & Cyber

 

๐Ÿ” Crypto Giants Want to Buy Washington. Theyโ€™re Bankrolling Trump to Make It Happen. RS

 

๐Ÿ” Trump Pledges to Fire Gensler, Hire People Who โ€˜Loveโ€™ Crypto Bloomberg

 

๐Ÿ” U.S. Senator withdraws support for Elizabeth Warren's proposed crypto AML bill Block

 

๐Ÿ” FBI Flies 65-Strong Cyber Action Team Across Globe To Fight Hackers Forbes

 

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Trafficking

 

๐Ÿšš 'Queen of the South': Arizona drug trafficking suspect back in U.S. Fox

 

๐Ÿšš 3 Palestinian terror suspects caught after crossing border illegally as overwhelmed agents warn: โ€˜I probably let terrorists inโ€™ NYP

 

๐Ÿšš The children of a country held hostage by drug trafficking El Pais

"Laws are like sausages, it is better not to see them being made."
--Otto von Bismarck

๐Ÿ“ฉ

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