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☆ The CIA's director predicted last month that Putin would seek revenge on Yevgeny Prigozhin after his failed coup
▼ + stars: | 2023-08-23 | by ( Rebecca Cohen | Chris Panella | ) www.businessinsider.com time to read: +3 min

CIA director William Burns predicted last month that Putin might not be done with Yevgeny Prigozhin. Prigozhin led a short-lived coup against Russian military leaders exactly two months ago. AdvertisementAdvertisementThe feud between Prigozhin and Russian higher-ups came to blows in late June, when Wagner launched a failed mutiny against Russia's military leadership in late June, with Prigozhin marching his mercenary troops toward Moscow. But the coup was short-lived when Prigozhin appeared to make a sudden reversal, ordering his troops to turn back and stand down. Since then, Prigozhin's whereabouts and standings with both Russian military leadership and Putin himself have been all over the place.

Persons: William Burns, Putin, Yevgeny Prigozhin, Prigozhin, Bill Burns, Wagner, Vladimir Putin's, Burns, Prigozhin —, —, Wager, Alexander Lukashenko, They've, it's Organizations: Russian, TASS, Service, Kremlin, Belarusian Locations: Wall, Silicon, Aspen, Tver, Moscow, Russian, Ukraine, Prigozhin, Belarus, Russia, Belarusian, Africa

☆ Florida's Board of Education is forcing state colleges to fire employees who don't use bathrooms of their assigned sex at birth
▼ + stars: | 2023-08-23 | by ( Chris Panella | ) www.businessinsider.com time to read: +2 min

Florida's State Board of Education approved new bathroom restrictions for college employees on Wednesday. The rule says colleges should fire employees who don't use the bathroom of their assigned sex. AdvertisementAdvertisementFlorida's Board of Education voted to approve the rule during a meeting on Wednesday, which was live streamed on The Florida Channel. The Florida state college system, which includes 28 public community and state schools and serves nearly 650,000 students, is separate from the state university system, which includes the University of Florida and the University of Central Florida. Florida state colleges include Broward College, Gulf Coast State College, and North Florida College.

Persons: Ron DeSantis, Bill, DeSantis Organizations: of Education, Service, Florida State, Florida Gov, Education, Florida Channel, University of Florida, University of Central, Broward, Gulf Coast State College, North Florida College . Florida, GOP, Republican Locations: Florida's, Wall, Silicon, Florida, University of Central Florida . Florida, Broward College

☆ A Backfire bomber being blown apart deep inside Russia's territory is the latest in a string of glaring failures to protect its strategic bases
▼ + stars: | 2023-08-23 | by ( Chris Panella | ) www.businessinsider.com time to read: +7 min

Last weekend, an apparent drone strike destroyed a prized Russian Tu-22M3 Backfire bomber. The attack occurred far from the front lines of the war and may have been launched from inside Russia. The strike on a vulnerable Tupolev Tu-22M3 Backfire bomber is part of a growing list of Russian failures to protect its critical bases and vital aerial assets. If that's the case, it may speak to both Ukraine's expanding ability to threaten domestic Russian air bases and Russia's inability to protect them. AdvertisementAdvertisementIn the aftermath of the Tu-22M3 attack, there's a question of how Russia might adapt.

Persons: — Engels, Samuel Bendett, they're, Bendett, ALEXANDER NEMENOV, It's, Ukraine Anton Gerashchenko Organizations: Service, Russian Defense Ministry, Aviation, Center for Naval Analyses, Russia, Russian Aerospace Forces, NATO, Russian Defence Ministry, Kremlin, Nazi, Getty, Internal Affairs, Mobility Artillery, Systems Locations: Russian, Russia, Wall, Silicon, Ukraine, St . Petersburg, Saratov, Ryazan, Moscow, Novgorod Oblast, Russia's, Nazi Germany, AFP, Murmansk, Finland

☆ Surface-to-air missiles are getting a workout in the Ukraine war — and not just shooting down enemy missiles and aircraft
▼ + stars: | 2023-08-21 | by ( Chris Panella | ) www.businessinsider.com time to read: +7 min

But reports show both Russia and Ukraine are also using SAMs to hit land targets. A S-200 surface-to-air missile system. On Sunday, a UK intelligence update said there were increasing reports of surface-to-air missiles striking land targets inside Russian-controlled territory. With the S-200s, Ukraine can strike Russia without breaking any promises to its allies. When used for attacks against land targets, the supersonic weapons are notoriously inaccurate and cause massive collateral damage.

Persons: SAMs, Ukraine's, Weeks, Ercin Organizations: Service, Patriots, TASS, Russia pummels, UNESCO, Heritage, Anadolu Agency, Getty Images, High, Artillery, Systems Locations: Ukraine, Russia, Wall, Silicon, Soviet, NASAMS, SAMs, Crimea, Western, Russian, Odessa, Getty Images Russia, Moscow, Ukrainian

NEW YORK, Aug 21 (Reuters) - Fintech investment adviser Titan Global Capital Management USA LLC agreed to pay over $1 million to settle charges from the U.S. Securities and Exchange Commission that it misled investors about performance metrics and custody of clients' crypto assets. Titan, a New York-based registered investment adviser, misled investors with statements made on its website about hypothetical returns from August 2021 to October 2022, the SEC said in a statement. That included touting annualized crypto performance results as high 2,700% without telling investors they were extrapolated from a "purely" hypothetical three-week period during which no trading occurred, the SEC said in a charging document. Reuters previously reported the SEC was investigating investment advisers over whether they are meeting rules around custody of client crypto assets. Titan agreed to pay a $850,000 civil penalty that will be distributed to affected clients and give back ill-gotten gains and interest of over $192,000, the SEC said.

Persons: Chris Prentice, Sharon Singleton Organizations: Titan Global Capital Management, U.S . Securities, Exchange Commission, SEC, Reuters, Titan, Thomson Locations: New York

☆ Video of a Ka-52 attack helicopter being shot down in Ukraine hints Russia isn't learning what it should have by now, former US general says
▼ + stars: | 2023-08-19 | by ( Jake Epstein | Chris Panella | ) www.businessinsider.com time to read: +7 min

Ukrainian forces destroyed three Russian Ka-52 attack helicopters this week alone. One video circulating around social media shows the moment a helicopter gets shot down. Russian forces have benefitted from its Ka-52s for much of the ongoing Ukrainian counteroffensive, using them to inflict damage on enemy ground forces lacking adequate protection. Ukrainian forces have found success this week in downing the formidable Ka-52, which is Russia calls the "Alligator" and NATO calls the "Hokum-B." A Ukrainian soldier looks at fragments of the Russian Ka-52 helicopter destroyed by the Ukrainian army.

Persons: couldn't, —, Ben Hodges, It's, Hodges, Maxym, Russia's, Andriy Yermak, Russia shouldn't Organizations: Service, US Army, NATO, Air Defense Systems, Army, Stingers, RBS, Getty, BBC Russian Service Locations: Wall, Silicon, Russian, Ukraine, Russia, Donetsk, Army Europe, Soviet, Ukrainian, Moscow, Asia

☆ US Senators say Credit Suisse did not review all records when probing Nazi-linked accounts
▼ + stars: | 2023-08-17 | by ( Chris Prentice | Brenna Hughes Neghaiwi | ) www.reuters.com time to read: +2 min

NEW YORK/ZURICH (Reuters) - Swiss lender Credit Suisse did not review all available records when it conducted an internal probe into the historical servicing of Nazi clients and Nazi-linked accounts, according to an investigation published by U.S. lawmakers on Thursday. The logo of Credit Suisse is seen outside its office building in Hong Kong, China, August 8, 2023. “Just under” 1,000 of 65,000 sets of records were available electronically for review, the report said. Neil Barofsky, the former ombudsman, and AlixPartners, the consulting firm Credit Suisse hired to conduct the probe, did not respond immediately to a requests for comment. A spokesperson for Credit Suisse referred Reuters to its April statement defending its review and raising concerns over the ombudsman’s work.

Persons: Tyrone Siu, “, Chuck Grassley, Neil Barofsky, Simon Wiesenthal Organizations: Credit Suisse, Nazi, U.S, REUTERS, Senate, Reuters, Simon, Simon Wiesenthal Center, Bloomberg Locations: ZURICH, Hong Kong, China

☆ Russia's secretly trying to make its arsenal of exploding drones bigger and deadlier, leaked documents say
▼ + stars: | 2023-08-17 | by ( Chris Panella | ) www.businessinsider.com time to read: +3 min

Russia is trying to make its exploding drones deadlier, according to leaked documents. The documents, obtained by The Washington Post, detail efforts to bolster their UAV program. Now, leaked documents show Russia plans to build its own drones and is exploring a deadlier variant able to strike autonomously. Ukraine has also been experimenting with better drones, including AI-enabled drones that are more resistant to jamming. The Iranian-made Shahed-136s that Russia uses are a kind of loitering munition with a range of around 1,250 miles.

Organizations: The Washington, Service, Russia, The, The Washington Post Locations: Russia, Moscow, Wall, Silicon, Ukraine, Kyiv, The Washington, Iran, Iranian

☆ Idaho's Teacher of the Year fled the state after conservative parents attacked her for being an LGBTQ+ ally
▼ + stars: | 2023-08-17 | by ( Chris Panella | ) www.businessinsider.com time to read: +3 min

An Idaho Teacher of the Year says she fled the state after conservatives and parents attacked her. She said she was harassed for her support for the LGBTQ+ community and Black Lives Matter. The teacher told The Boston Globe teachers are leaving the job because they don't feel valued. Karen Lauritzen, 44, told The Boston Globe she was named 2023 Idaho Teacher of the Year last September and started the school year with high hopes. It's to make kids into the best versions of themselves," Lauritzen told the Globe.

Persons: Karen Lauritzen, Lauritzen, baselessly, It's Organizations: Boston Globe, Service, Globe, Idaho Tribune, Conservative State, Trump, College Board AP Locations: Idaho, Wall, Silicon, Illinois, Post Falls , Idaho, Colorado, Florida

☆ VIDEOS: Russia shows off purported war trophies — prized Western weapons captured in Ukraine — at a new military theme park exhibit
▼ + stars: | 2023-08-16 | by ( Chris Panella | ) www.businessinsider.com time to read: +4 min

New photos and videos show a Russian exhibit of captured Western tanks and artillery from Ukraine. ALEXANDER NEMENOV/AFP via Getty ImagesAnd destroyed Ukrainian weapons were also included. Prior to this new display of Western assets, Patriot Park had exhibits of captured Ukrainian armored vehicles and patrol boats, as well as T-72 tanks. ALEXANDER NEMENOV/AFP via Getty ImagesUkraine has their own exhibit of wrecked Russian military equipment, which opened last June. Ukraine has also managed to capture functional Russian weapons, which has put back in service to help fuel combat actions, including the ongoing counteroffensive.

Persons: it's, that's, Kalashnikov, ALEXANDER NEMENOV, Russia's Organizations: Service, NATO, RIA Novosti, Moscow Conference, International Security, Russian, Armored Vehicle Husky, Navistar, Getty Locations: Ukraine, Swedish, Kyiv, Wall, Silicon, Russian, Moscow, Russia, American, USA, Kubinka, AFP, Ukrainian

☆ Russian officers refused to collect the bodies of dead troops so the military wouldn't have to pay their families, convict soldier says
▼ + stars: | 2023-08-15 | by ( Chris Panella | ) www.businessinsider.com time to read: +2 min

An ex-convict Russian soldier said officers in Putin's army refused to collect the dead bodies of fallen troops. The soldier told The New York Times that it let the Russian military dodge paying their families compensation. In an interview, the soldier who served in one of the Russian Ministry of Defense's convict units — who was identified as "Aleksandr" — told the Times he was ordered not to collect the bodies of his fellow troops. He told the Times that officers could register the men as "missing in action," meaning their families couldn't collect compensation for them being killed in battle. And last week, researchers with the BBC said they've identified more than 30,000 dead Russian soldiers by name, including 1,300 in the last two weeks alone.

Persons: Aleksandr, —, they've Organizations: New York Times, Service, The New York Times, Russian Ministry, Times, Western intel, BBC, Wagner Group, Russian Ministry of Defense Locations: Russian, Russia, Ukraine, Wall, Silicon, Western

☆ A Russian convict soldier told his wife he was used as 'bait' to find Ukrainian artillery. He's dead now.
▼ + stars: | 2023-08-15 | by ( Chris Panella | ) www.businessinsider.com time to read: +2 min

A now-dead Russian convict soldier told his wife he was "just a bait" for Ukrainian artillery. The soldier's message was shared by his wife with The New York Times. Russia has been struggling to locate and destroy Ukrainian artillery while also losing its own. Dmitri was part of a Russian Army unit made up almost entirely of former prison inmates, The New York Times reported. In a voice message shared by the soldier's wife with The Times, Dmitri said: "I'm running around with an automatic gun like an idiot.

Persons: Dmitri Organizations: New York Times, Service, Russian Army, Times, High Mobility Artillery Rocket Systems Locations: Russia, Wall, Silicon, Ukraine

☆ While Russia's schoolchildren learn how to operate drones and clean guns, Ukraine's students will take classes on how to navigate treacherous minefields
▼ + stars: | 2023-08-14 | by ( Chris Panella | ) www.businessinsider.com time to read: +3 min

Meanwhile, Russian students learn how to operate drones and clean guns. While Russian schoolchildren will operate airborne drones, drill rifles, and train in hand-to-hand combat, Ukrainian kids will undergo a safety course for navigating treacherous landmines. It's a harrowing reality for Ukrainian children and presents an even bleaker future, with the country now the most heavily mined in the world, according to Ukrainian Defense Minister Oleksii Reznikov. Meanwhile, Russian students will face an increasingly militarized classroom this school year. Students as young as year 10 and 11 will learn how to operate combat drones.

Persons: Oksen Lisovy, It'll, Oleksii Reznikov, Vladimir Konstantinov, Vladimir Putin's Organizations: Service, Ukraine's Education, Kyiv, Kyiv Independent, Education Ministry, UNICEF, Ukrainian Defense Locations: Wall, Silicon, Ukraine, Kyiv, Crimea, Republic of Crimea, Russia, Russian

☆ A Ukrainian soldier captured by Russian forces says they played with him 'the way a cat plays with a mouse,' torturing him for fun instead of for information
▼ + stars: | 2023-08-14 | by ( Chris Panella | ) www.businessinsider.com time to read: +2 min

A Ukrainian soldier captured by Wagner says they tortured him "the way a cat plays with a mouse." The soldier told The Washington Post about being a prisoner of war during the battle of Bakhmut. While captive, Mykhalchuk told The Post he noticed he wasn't being interrogated for battlefield information or intelligence like higher-ranking prisoners — instead, he was being tortured psychologically. "They tried to make us believe that we couldn't trust each other, and that it was a kill-or-be-killed situation," Mykhalchuk told The Post. "They were just playing with us, the way a cat plays with a mouse — when he catches it before he kills it."

Persons: Wagner, Wagner sloppily, —, Ilia Mykhalchuk, Mykhalchuk, Yevgeny Prigozhin, Vladimir Putin Organizations: Washington Post, Service, 67th Mechanized Brigade, Wagner, Russian, Russian Federation Locations: Ukrainian, Wall, Silicon, Ukraine

☆ 8 US states offer free lunch for students. Here's how they pay for it, from a 4% millionaire's tax to a $0.03 property tax rate increase.
▼ + stars: | 2023-08-14 | by ( Chris Panella | ) www.businessinsider.com time to read: +6 min

Massachusetts is the latest state to expand free school lunch since a COVID-era program ended. Here's how eight states pay for free lunch for public school students. And Vermont's free meals program, which was allowed through in June 2023 by Gov. And while only a few US states now offer free lunch, some say the momentum for future programs across the nation is growing. "The availability of universal free meals during the pandemic absolutely changed that momentum."

Persons: Maura Healey, Erin McAleer, Joe Biden's, Phil Scott, Susan Caswell, WPBN, There's, Erika Edwards, EducationWeek Organizations: Service, Gov, CBS News, Massachusetts, Associated Press, Portland Press Herald, AP, MPR, Comstock Elementary School, Jefferson County Locations: Massachusetts, Wall, Silicon, California , Colorado , Maine , Michigan, Minnesota, New Mexico, Vermont, Colorado, California, . Maine, Mexico, Michigan, Southwest Michigan, Jefferson

☆ Republican-controlled states like Oklahoma are rushing to invest in clean energy, even as conservative groups push for more oil and gas
▼ + stars: | 2023-08-14 | by ( Chris Panella | ) www.businessinsider.com time to read: +3 min

GOP-controlled states like Oklahoma are seeing major economic investment in clean energy industries. A solar power exec told The New York Times the "financial opportunity" is drawing people in. But as The Heritage Foundation pushes back against renewables, clean energy companies and projects are leading the way in Republican-led states. About two-thirds of new clean energy investment is in Republican states such as Oklahoma, Texas, and South Dakota, the Times reported. Peters, president of Solar Power of Oklahoma, told the Times, "but most people are doing this for the financial opportunity."

Persons: Trump, Entergy, J.W, Peters Organizations: New York Times, The Heritage Foundation, Service, Republican, The New York Times, Heritage Foundation, Times, US Steel, American Clean Power Association, Solar Power Locations: Oklahoma, Oklahoma , Texas, South Dakota, Arkansas, , Texas

Two long-time industry executives told Reuters that Yellow's rates were roughly 10% to 20% below those of rivals. Loads in the so-called LTL market do not trade on the spot market and they vary based on the type and size of shipments, they said. "Yellow was way below" market rates, said Ken Adamo, chief of analytics at DAT Freight and Analytics, which operates one of North America's largest truck freight marketplaces. Unlike the highly fragmented trucking market, LTL is dominated by about a dozen players. Some providers are already raising rates, which could send LTL rates up 10% to 15% from current levels, Pickett said.

Persons: Mike Blake, Ken Adamo, Chris Pickett, Pickett, Adamo, Thomas Schmitt, Schmitt, Lisa Baertlein, Marguerita Choy Organizations: U.S, Rivals, Reuters, Analytics, Flock, Walmart, International Brotherhood of Teamsters, Forward, Forward Air, Thomson Locations: Mexico, San Diego , California, U.S, North, Los Angeles

☆ Trump was warned by a judge about making even 'ambiguous statements' that could intimidate witnesses or influence jurors in the Jan. 6 case
▼ + stars: | 2023-08-11 | by ( Chris Panella | ) www.businessinsider.com time to read: +2 min

The Jan. 6 case judge warned Trump against intimidating witnesses or influencing jurors. Judge Chutkan said "even arguably ambiguous statements" could "threaten the process." Trump has a history of making inflammatory statements about his ongoing legal troubles. Prosecutors wanted to bar Trump from speaking about sensitive topics in the case, a request Chutkan agreed with. Trump has a history of making inflammatory comments and social media posts about his legal troubles.

Persons: Trump, Judge Chutkan, Donald Trump, Tanya Chutkan, Trump's, Jack Smith's, Department's, Chutkan, He's, Smith Organizations: Service, Prosecutors, Trump Locations: Wall, Silicon

☆ Sam Bankman-Fried is being sent to jail after a judge revoked his bail over alleged witness tampering
▼ + stars: | 2023-08-11 | by ( Chris Panella | Aaron Mok | ) www.businessinsider.com time to read: +1 min

FTX founder Sam Bankman-Fried had his bail revoked on Friday over alleged witness tampering. The crypto tycoon will now have to report to jail. Sam Bankman-Fried had his bail revoked by a federal judge on Friday over his alleged tampering with witnesses in his fraud case. US District Judge Lewis A. Kaplan said the embattled crypto tycoon who co-founded FTX could no longer be held under house arrest at his parent's home. "Nonviolent witness tampering and obstruction poses a danger to the community and the risk of such activities would support pretrial detention," Judge Kaplan said at a hearing on Friday, according to Courthouse News' Josh Russell.

Persons: Sam Bankman, Fried, He'll, Lewis A, Kaplan, Judge Kaplan, Josh Russell Organizations: Morning

☆ Ukrainian pilots have been taking English classes in between their missions to prepare to fly US-made jets
▼ + stars: | 2023-08-11 | by ( Chris Panella | ) www.businessinsider.com time to read: +2 min

Ukrainian pilots have been taking English classes between missions. The pilots are training to use US-made F-16 jets in their war against Russia. And once they begin F-16 training, they'll have to take another English language course in the UK. The differences between US-made F-16s and Ukraine's current Soviet-made MiG-29s and Su-27s jets will likely be a learning curve for Ukrainian pilots. Ukraine's jets have already been modified to use some Western weapons systems like the AGM-88 high-speed anti-radiation missile, which disables and destroys enemy radars.

Persons: Serhii Holubtsov, Holubtsov Organizations: Washington Post, Russia, Service, NATO Locations: Wall, Silicon, Brig, Gen, Ukraine, Soviet

The long-awaited rule is expected to require that real estate professionals such as title insurers report the identities of the beneficial owners of companies buying real estate in cash to the Treasury's Financial Crimes Enforcement Network (FinCEN). Criminals have for decades anonymously hidden ill-gotten gains in real estate, Treasury Secretary Janet Yellen said in March, adding that as much as $2.3 billion was laundered through U.S. real estate between 2015 and 2020. That debate has slowed down FinCEN's work on the real estate reporting rule, one of the sources said. PATCHWORKWhile banks have long been required to understand the source of customer funds and report suspicious transactions, no such rules exist nationwide for the real estate industry. FinCEN implemented GTOs in 2016 after the New York Times revealed that nearly half of luxury real estate was bought by anonymous shell companies.

Persons: Janet Yellen, Erica Hanichak, FinCEN, Jodi Vittori, Guo Wengui, Guo, Donald Trump, Steve Bannon, Howard, David Szakonyi, Luc Cohen, Chris Prentice, Amy Stevens, Michelle Price, Matthew Lewis Organizations: U.S . Treasury Department, FACT Coalition, Association, New York Times, Carnegie Endowment, International Peace, Nardello, Government, Office, George Washington University, New, Thomson Locations: New York, Miami, Los Angeles, Chinese, Jersey, Manhattan

☆ The girlfriend of a Ukrainian soldier fighting on the front lines is shocked Kyiv residents are partying while the war grinds on
▼ + stars: | 2023-08-10 | by ( Chris Panella | ) www.businessinsider.com time to read: +2 min

A Ukrainian soldier's girlfriend said she was shocked by Kyiv residents partying while the war goes on. Paltseva told The Washington Post her boyfriend was at the front and would be fighting near Bakhmut. Ukraine's counteroffensive has hit snags against Russia's extensive and deep defensive lines. Paltseva, 36, said her boyfriend is currently at the front line and will be fighting near the war-torn city of Bakhmut soon. Some had hoped Ukraine's counteroffensive would have led to a breakthrough, but Kyiv's troops have been held up by Russia's defenses.

Persons: Paltseva, Yulia Paltseva, they've Organizations: Washington Post, Service, Russia, Post, Bradley Locations: Ukrainian, Bakhmut, Wall, Silicon, Kyiv, Ukraine

☆ Exploding drone boats aren't hard to beat, but Russia's weak defenses are letting Ukraine blow up its ships
▼ + stars: | 2023-08-10 | by ( Chris Panella | ) www.businessinsider.com time to read: +8 min

Ukraine's recent waterborne drone attacks have shed light on weaknesses in Russian defenses. Prior to the hits on Olenegorsky Gornyak and Sig, previous naval drone attacks have terrorized Russian ships in the Black Sea. United 24/Ukrainian government'Too many to take out'With the drone attacks showing no sign of stopping, the questions become how Russia will respond. And if Russia does ramp up its defenses, it's likely that Ukraine will scale up the number of its drone boats. Operating a group of drone boats, Clark added, is more difficult given water conditions, weather, and the potential to ram into unintended targets.

Persons: Sutton, Gornyak, haven't, they're, Bryan Clark, Ulf Mauder, Clark, Shaposhnikov, Peter the, KIRILL KUDRYAVTSEV Organizations: Service, Sig, US Navy, Hudson Institute, Russia's, Getty, intel Locations: Wall, Silicon, Russian, Russia, Novorossiysk, Ukraine, Sevastopol, Ukrainian, US, Persian, Israel, Peter the Great, Japan, Vladivostok, AFP, Crimea

REUTERS/Andrew Kelly/File PhotoNEW YORK, Aug 9 (Reuters) - The U.S. Securities and Exchange Commission plans to appeal a recent court decision involving Ripple Labs that was a setback for the agency's efforts to oversee cryptocurrency markets. The SEC said an appeal could address legal issues on which there was "substantial ground for differences of opinion." Torres' decision was not a total victory for Ripple, as she found that it violated securities laws by selling XRP to institutional investors. The judge must decide whether to let the SEC appeal her decision, and put the case on hold. Ripple, and lawyers for Ripple, Garlinghouse and Larsen did not immediately respond to requests for comment.

Persons: Andrew Kelly, Analisa Torres, Ripple, Brad Garlinghouse, Chris Larsen, Torres, Jed Rakoff, Larsen, Gary Gensler, Coinbase, Jonathan Stempel, Chris Prentice, Jody Godoy, Chris Reese, Lisa Shumaker, Diane Craft Organizations: U.S . Securities, Exchange Commission, Washington , D.C, REUTERS, Ripple Labs, SEC, U.S, District, Terra, Terraform Labs, Thomson Locations: Washington ,, Manhattan, U.S, Gensler, New York

☆ Ukraine doesn't have much of a navy, but it's found a way to hunt down the 'weakest links' in Russia's critical sea supply lanes, UK intel says
▼ + stars: | 2023-08-09 | by ( Chris Panella | ) www.businessinsider.com time to read: +3 min

Ukrainian drones are attacking Russian ships and tankers, wrecking critical sea supply lanes. It's the latest incident involving Ukrainian sea drones hitting vital Russian naval targets, weakening sea supply lanes and proving Kyiv to be a scrappy, formidable naval force while lacking an actual fleet beyond some patrol boats. "The attacks show that USV operations are increasingly a major component of modern naval warfare and can be turned against the weakest links of Russia's sea supply lanes," the UK intel update said. Ukraine has made the development of sea drones a priority, even crowdfunding for what they call "the formation of the world's first naval fleet of drones." An expert previously told Insider the remotely operated, cheap-but-effective waterborne drones give Ukraine an "asymmetric advantage," stressing Russian defenses and resources.

Persons: Sig, Ukraine's USVs Organizations: UK intel, Kyiv, Service, Ukraine, UK Ministry of Defense, intel Locations: Russian, Kerch, UK, Wall, Silicon, Russia, Syria, Ukraine

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