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Iran Bounty, Dark Web Takedown, and Sanctions Wobble

Illicit Edge - Edition for June 17, 2025

Greetings! It’s June 17, and we’re tracking today’s top stories: U.S. offering $10M for info on Iranian hackers behind IOControl malware, Europe-wide takedown hits longest-standing dark web drug market, Trump hints at no more U.S. sanctions on Russia at G7 summit, Schumer requests $600k in taxpayer funds for group accused of training migrants to slip dragnet, and much more…

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🎯 FEATURED STORY

U.S. offering $10M for info on Iranian hackers behind IOControl malware.  The State Department is seeking information on Iranian hackers targeting critical infrastructure using a strain of malware deployed against industrial control systems. Record

Iranian news site confirms banking issues due to cyberattack after hacking claim TOI

🔥 TOP STORIES

Europe-wide takedown hits longest-standing dark web drug market Europol

Trump hints at no more U.S. sanctions on Russia at G7 summit Politico 

UK announces new sanctions against Russia Reuters

Schumer Requests $600k in Taxpayer Funds for Left-Wing Group Accused of Training Migrants to Avoid ICE Free Beacon

Many Exporters No Longer Want Dollars Bloomberg

Venezuelan National and U.S. Citizen Arrested for Sanctions Evasion and Smuggling DOJ

CFTC secures Court order directing Agridime to pay $103M in restitution FX News

Crypto Tycoon Justin Sun’s Tron Group to Go Public in U.S. via Reverse Merger WSJ

Corruption scandals put Spain’s Sánchez under pressure to call snap elections Politico

US targets Los Chapitos money laundering network in Mazatlán run by a businessman and makeup artist El País 

'AI Godfather' Warns Superintelligent Machines Could Kill Off Humans With Biowarfare Decrypt

IN THE NEWS

🚩 RUSSIA & CHINA

Obscure Chinese Stock Scams Dupe American Investors by the Thousands WSJ

China Is Unleashing a New Export Shock on the World NYT

Trump Officials Weighed Broader China Tech Restrictions Ahead of Trade Talks WSJ

Chinese woman schemes to make $1.4M by living with rich men, looting luxury homes SCMP

🔐 CRYPTO & CYBER

Senate expected to pass crypto bill without addressing Trump's investments AP 

Kidnappers Release TikTok Crypto Influencer After Finding Out He’s Broke Decrypt

Hackers switch to targeting U.S. insurance companies Bleeping Computer

Crypto user loses $6.9M to a cold wallet from China’s TikTok Cointelegraph

💸 CORRUPTION & FINANCIAL CRIME

Switzerland fines Pictet for money laundering, sentences former employee Reuters

LA County executives sentenced for faulty dehumidifiers linked to more than 450 fires CBS News

$124M armored truck crypto money laundering operation busted Tom’s

DOJ Declines Prosecution of Private Equity Firm Following Voluntary Disclosure of Sanctions Violations DOJ

🚚 TRAFFICKING

DHS Flip-Flops Again on TACO Trump’s Immigration Raids Daily Beast

Grooming gangs in UK thrived in ‘culture of ignorance’ Guardian

Cops remove 88 children from a Bible study camp in Iowa NYP

G7 to explore possible sanctions on criminals linked to migrant smuggling Reuters

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