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China Hits Nvidia, Treasury Stretch, and Secret Hacker Hunter

Illicit Edge - Edition for December 9, 2024

Happy Monday! It’s December 9, and we’re tracking top stories to start the week: China targets Nvidia for breach of monopoly law, ending the Treasury Department’s regulatory overreach on crypto, cybercrime hunter investigates the most vicious hackers — from secret location, how a Chinese criminal became a New York power broker, and much more…

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Featured Story

🎯 China Targets Nvidia For Breach of Monopoly Law. With sanctions at play, Nvidia’s position as the leading provider of artificial intelligence chips has put it in the crossfire of the US and China’s battle for tech supremacy. Bloomberg

Top Stories

🌎 Ending the Treasury Department’s Regulatory Overreach on Crypto Mixer Tornado Cash CoinDesk 

🌎 He Investigates the Internet’s Most Vicious Hackers – From a Secret Location WSJ 

🌎 How a Criminal With Close Ties to China Became a New York Power Broker NYT

🌎 This Chinese Drone Company Found a Workaround to Congress's Ban on Doing Business in the US Free Beacon 

🌎 Syrians are now helping themselves to Assad’s opulence after the ousted dictator fled to Russia Fortune

🌎 Abu Mohammed al-Golani, the leader at the center of Assad’s fall a 'specially designated global terrorist' Fox

🌎 US court upholds ruling allowing sanctions prosecution of Turkey's Halkbank Reuters 

🌎 Dominican Republic records largest cocaine seizure BBC

🌎 Miller outlines how Trump administration would prioritize mass deportations Axios 

🌎 Google sues to stop the US from monitoring it like a bank Verge

🌎 US House to vote to provide $3B to remove Chinese telecoms equipment Reuters 

🌎 Guns, lies and audiotape: How Biden’s family ties could lead to another pardon Politico 

🌎 McKinsey Africa to pay $122M in South Africa bribery scheme Reuters

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IN THE NEWS

Russia

🇷🇺 Russia turns to bartering El Pais

🇷🇺 Sanctioned Russia Oil Tanker Turns Back From Detour Around UK Bloomberg

🇷🇺 Former Russian ASML employee charged with IP theft and sanctions violations Reuters

🇷🇺 Russia’s Pipe-Gas Flows to China at New Daily Record Bloomberg

🇷🇺 EU in Talks With US to Mitigate Effect of Russian Bank Sanctions Bloomberg

China

🇨🇳 We need a ‘Manhattan Project’ to beat China in the new war over rare-earth minerals NYP

🇨🇳 Commerce Dept. Is on the Front Lines of China Policy NYT

🇨🇳 The green revolution, ‘made in China’: The two sides of Europe’s ecological transition El Pais

🇨🇳 The rise of US economic sanctions on China: Analysis of a new PIIE dataset Peterson Institute

Corruption & Financial Crime

💸 Can TD Bank ever recover from its U.S. money-laundering saga? Globe & Mail 

💸 Foreign-Funded Green Groups Lead Charge Against Trump Interior Nominee Doug Burgum Free Beacon

💸 US Supreme Court to weigh bid to sue Palestinian authorities over attacks NBC

💸 WhatsApp use by Credit Suisse staff scrutinized by UK regulator Reuters

Crypto & Cyber

🔐 Hawk Tuah Girl’s Crypto Team Short on Answers After Disastrous Meme Coin Bust RS 

🔐 Proof of Operation Chokepoint 2.0 CoinDesk

🔐 Radiant Capital says North Korea posed as ex-contractor to carry out $50M hack Cointelegraph

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