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Moscow Meltdown, King of Davos, and Sanctions Rethink
Illicit Edge - Edition for July 27, 2025
Hello Sunday! We’re tracking top stories to prepare for the week ahead: Russia economic meltdown as steel giant profits plunge 89% and airlines face total collapse, the dizzying fall of the King of Davos, sanctions rethink, behind the scam, and much more…
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Russia economic meltdown as steel giant profits plunge 89% and airlines face total collapse. Russia’s largest steelmaker, MMK, has seen its profits crash in the first half of 2025, as the economy continues to struggle under the strains of war and sanctions. Express
How a Chinese Border Town Keeps Russia’s Economy Afloat NYT
🔥 TOP STORIES
The dizzying fall of the King of Davos Telegraph
Rethink sanctions. They’re killing as many people as war does. LAT
Behind the Scam: How Fraudsters Use Social Media, Software, and Shell Companies to Steal Millions OCCRP
BlackSuit ransomware gang’s darknet websites seized by police Record
Treasury Sanctions Venezuelan Cartel Headed by Maduro U.S. Treasury
U.S. hits senior North Korean officials with sanctions, $3M bounties Record
Woman gets 8 years for aiding North Koreans infiltrate 300 U.S. firms BC
Louis Vuitton faces money laundering probe after shopper drops $3.5M on luxury handbags NYP
The Ukrainian Police Agency at the Center of Protests Against Zelensky WSJ
Zelenskyy moves to restore independence of Ukraine anti-graft agencies after protests AP
How to Extract $400M From a Billionaire: Use a Gilded Age Family Name WSJ
IN THE NEWS
🚩 RUSSIA & CHINA
In Russia, Corruption Cases Follow Battlefield Failures NYT
Don’t bank on Russian economic collapse to save Ukraine Telegraph
Sanctions risk: Indian firm defends explosive shipment to Russia TOI
Russian Entities Using Kyrgyzstan’s Crypto Industry to Evade Sanctions Decrypt
🔐 CRYPTO & CYBER
Elderly Americans Lose $745M to Scams in 2025 So Far Newsweek
Microsoft says Warlock ransomware deployed in SharePoint attacks as governments scramble Record
Crypto exchange WOO X suspends withdrawals, users hacked for $14M Protos
How hackers stole $44M from CoinDCX without touching user wallets Cointelegraph
💸 CORRUPTION & FINANCIAL CRIME
Debit cards given to NYC’s summer youth job program tied to $17M ATM fraud scam NYP
UnitedHealth says it's under federal investigation for civil fraud AP
U.S. lifts some Myanmar sanctions Reuters
Paraguayan Congressman Involved in Money Laundering Before Being Killed by Police OCCRP
The would-be saint murdered 'mafia-style' for refusing bribes BBC
PPP fraud in Illinois sees nearly 375 government workers implicated CST
🚚 TRAFFICKING
Feds raid Tujunga home of ‘TikTok Cult’ pastor in sex trafficking, fraud investigation LAT
Seven Charged in Child Abuse Ring Run From an Alabama Bunker NBC
UK launches first sanctions in new strategy to deter migrant crossings AFP
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