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$13B Bitcoin Hack, Pakistan Taliban, and Kremlin War Machine

Illicit Edge - Edition for November 12, 2025

Hello! It’s November 12, and we’re tracking today’s top stories: China accuses U.S. of stealing $13 billion bitcoin hack, Pakistan Taliban claim responsibility for deadly terror attack in Islamabad, Italian companies operating in Russia funnel €1 billion in taxes to the Kremlin war machine, Meet the American Educational Organization Accrediting CCP Bureaucrats, and much more…

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🎯 FEATURED STORY

China accuses U.S. of stealing $13 billion bitcoin hack. The theft of over 120,000 bitcoin from the LuBian Bitcoin mining pool in December 2020 is considered one of the largest crypto heists in history. Bloomberg

🔥 TOP STORIES

Pakistan Taliban claim responsibility for deadly terror attack in Islamabad Guardian

Italian companies operating in Russia funnel €1 billion in taxes to the Kremlin war machine Euro News

Meet the American Educational Organization Accrediting CCP Bureaucrats Free Beacon 

America’s Chip Restrictions Are Biting in China WSJ

Where's Putin? How The Kremlin Hides His Location With Three Nearly Identical Offices RFE

China Hatches Plan to Keep U.S. Military From Getting Its Rare-Earth Magnets WSJ 

Russia Loses Latin America’s Biggest Diesel Buyer as Brazil Cuts Imports United24 

Cryptoqueen who fled China for London mansion jailed over £5bn Bitcoin stash BBC

Thieves steal Roman statues from Syria’s national museum AP

EU considers law to phase out Huawei and ZTE equipment from bloc’s telecom networks TechCrunch

6 killed in U.S. strikes on 2 more alleged drug boats in eastern Pacific NBC 

Colombia to suspend intelligence cooperation with U.S. over strikes on drug vessels AP

Iran Smuggling Advanced Weaponry to Growing Terrorist Proxy Network in West Bank Free Beacon

IN THE NEWS

🚩 RUSSIA & CHINA

China hopes Germany can urge Dutch government to revoke Nexperia seizure Reuters

Russian assets impasse faces obstacles beyond Belgium Politico

Serbia's energy reliance on Russia comes unstuck facing US oil sanctions BBC 

World’s biggest mining project begins operations in Guinea Semafor 

Tokyo protests Russia's wider entry ban over Ukraine sanctions Reuters

💸 CORRUPTION & FINANCIAL CRIME

Chinese state-linked gangs ‘using students to launder money in UK’ The Times

Jailed Moldovan Oligarch Hid Behind a Global Maze of Fake Identities OCCRP

Corruption investigation into former Zelenskyy associate shakes Ukraine ABC

Istanbul's jailed mayor Imamoglu faces 142 criminal charges in corruption probe AP

🔐 CRYPTO & CYBER

Silver lining in sprawling scam case is cross-border cooperation SCMP

CISA’s expiration leaves a dangerous void in US cyber collaboration Cyberscoop

Voice phishing is AI fraud in real time FT

ClickFix may be the biggest security threat your family has never heard of Ars

🚚 TRAFFICKING

Nigeria teams up with US and UK to investigate cocaine haul DW 

Federal THC ban send hemp companies scrambling Hill

14 current or ex-Mississippi law enforcement officers plead not guilty in drug-trafficking scheme AP

“Justice in the life and conduct of the State is possible only as first it resides in the hearts and souls of the citizens.” —Plato

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