Featured Story
🎯 Russia's Sovcombank files lawsuit seeking to recover debt from HSBC. Russian private lender Sovcombank has filed a lawsuit with a Russian court against British bank HSBC, seeking to recover debt in roubles equivalent to 12,958 ounces of gold. Reuters
Top Stories
💥 Morgan Stanley Sued for $750 Million by Private Equity Firms Claiming Fraud. Morgan Stanley was sued for at least $750 million by private equity firms who claim they were defrauded in a deal to invest in a credit agreement for a luxury high-speed rail line. Bloomberg
💥 Cartels sending migrant mobs of thousands to overwhelm the US border. The tactic is meant to tie up already overworked border agents so Mexico’s cartels can carry on their drug and human smuggling operations undisturbed in less populated areas. NY Post
💥 US charges Hong Kong based-Russian with smuggling military technology to Russia. Maxim Marchenko, 51, and two unnamed Russian co-conspirators were accused of using his shell companies to conceal the fraudulent procurement of so-called OLED micro-displays. Reuters
💥 How Iran can use the $6 billion involved in the release of 5 Americans. While the Iranian government claims it can use the money however it pleases, the Biden administration has repeatedly stressed that the funds are narrowly limited to non-sanctionable purchases like food and medicine, and that they will be subject to strict oversight. CNN
💥 Treasury Designates Former President of Iran. Mahmoud Ahmadinejad's property in the U.S. or in the possession or control of U.S. persons are blocked and must be reported to OFAC. U.S. Treasury
💥 Coal from Russian-annexed Ukraine sold in NATO member Turkey. Since Moscow launched its invasion in February 2022, Turkey - a member of NATO that supports Kyiv's efforts to repel Russia - has said repeatedly that it recognizes Ukraine's territorial integrity. Reuters
💥 New York cuts list of pre-approved cryptocurrencies as it raises standards. The state's BitLicense is known for being tough on crypto, and the latest update of approved coins suggests that it's getting tougher. Axios
💥 FTX Bankruptcy Estate Sues Sam Bankman-Fried's Parents, Joseph and Barbara, to Claw Back 'Misappropriated Funds'. The filing alleges "tens of millions of dollars" were contributed to MTG or MTG-supported causes at Barbara Fried's explicit request. CoinDesk
💥 SEC Rips Into Binance.US Over 'Shaky' Asset Custody. The regulator asked a U.S. court to reject Binance's "half-hearted" objections to its motion seeking depositions, an inspection and communication from the exchange. CoinDesk
💥 Zelensky Cleans House in Corruption-Plagued Defense Ministry. Ukrainian anti-corruption groups said the dismissals, though not all of them from positions related to procurement, sent a positive signal about oversight and a crackdown on wartime profiteering. NYT
💥 How a burnt out, abandoned ship reveals the secrets of a shadow tanker network. The number of vessels transporting sanctioned oil is booming and the consequences can be felt across the world – from Iran, to China, to Ukraine. Guardian
.png?upscale=true&width=800&upscale=true&name=ILLICIT%20EDGE%20(1200%20%C3%97%20200%20px).png)
