Category: Internet Communications Technology

  • MIL-OSI Security: Miami-Dade Sheriff’s Office Deputy Charged with Receipt and Production of Child Sexual Abuse Material

    Source: US FBI

    MIAMI – Carle Miranda Blum, 51, a sworn uniformed deputy with the Miami-Dade Sheriff’s Office, was arrested today following the filing of a federal complaint charging her with receipt of visual depictions involving the sexual exploitation of minors and production of visual depictions involving the sexual exploitation of minors.

    According to the complaint, Blum received multiple videos and images of the victim, who was 17 years old at the time, engaged in sexually explicit conduct. In the spring of 2025, Blum traveled to Atlanta, Georgia, where she recorded multiple videos of herself engaging in sex acts with the then-minor victim.

    The charge of production of visual depictions involving the sexual exploitation of minors carries a mandatory-minimum of 15 years in prison and a statutory maximum of up to 30 years. The charge of receipt of visual depictions involving the sexual exploitation of minors carries a mandatory-minimum of 5 years in prison and a statutory maximum of up to 20 years. Sentences are imposed by a federal district court judge based upon the U.S. Sentencing Guidelines and statutes which govern the determination of a sentence in a criminal case.

    United States Attorney Hayden P. O’Byrne and Special Agent in Charge Brett D. Skiles of FBI Miami made the announcement. The Miami-Dade Sheriff’s Office provided assistance in the investigation. The United States Attorney’s Office for the Northern District of Georgia and FBI Atlanta assisted in Blum’s apprehension and arrest.

    Assistant U.S. Attorney Ilana R. Malkin and Major Crimes Deputy Chief Assistant U.S. Attorney Lauren Astigarraga are prosecuting the case.

    A criminal complaint is merely an accusation. All defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

    This case was brought as part of Project Safe Childhood, a nationwide initiative to combat the growing epidemic of child sexual exploitation and abuse, launched in May 2006 by the Department of Justice. Led by the U.S. Attorney’s Offices and the Criminal Divisions Child Exploitation and Obscenity Section (CEOS), Project Safe Childhood marshals federal, state, and local resources to locate better, apprehend, and prosecute individuals who exploit children via the Internet, as well as to identify and rescue victims. For more information about Project Safe Childhood, please visit www.projectsafechildhood.gov.

    To report suspected human trafficking or to obtain resources for victims, please call 1-888-373-7888; text “BeFree” (233733), or live chat at HumanTraffickingHotline.org. The toll-free phone, SMS text lines, and online chat function are available 24 hours a day, 7 days a week, 365 days a year. Help is available in English, Spanish, Creole, or in more than 200 additional languages. The National Hotline is not managed by law enforcement, immigration, or an investigative agency. Correspondence with the National Hotline is confidential, and you may request assistance or report a tip anonymously.

    “To report online child sexual exploitation, use the electronic Cyber Tip Line or call 1-800-843-5678. The Cyber Tip Line is operated by the National Center for Missing and Exploited Children in partnership with the HSI and other law enforcement agencies.”

    To learn more about the National Resource Hotline, visit www.humantraffickinghotline.org. To learn more about the U.S. Department of Justice’s efforts to combat human trafficking, visit www.justice.gov/humantrafficking.

    You may find a copy of this press release (and any updates) on the website of the United States Attorney’s Office for the Southern District of Florida at www.justice.gov/usao-sdfl.

    Related court documents and information may be found on the website of the District Court for the Southern District of Florida at www.flsd.uscourts.gov or at http://pacer.flsd.uscourts.gov, under case number 24-mj-02786.

    ###

    MIL Security OSI

  • MIL-OSI Security: Leader of Multi-State Fentanyl and Methamphetamine Trafficking Ring Sentenced to Federal Prison

    Source: US FBI

    ROME, Ga. – Wilfort Foster, III, 41, of El Monte, California, was sentenced to 28 years in federal prison after pleading guilty to narcotics and money laundering conspiracy charges.  Foster, a convicted felon serving a sentence of probation during a portion of the offense, led an operation that moved hundreds of kilograms of methamphetamine, as well as significant quantities of fentanyl, from California to the North Georgia area and elsewhere, and then laundered hundreds of thousands of dollars in drug proceeds. 

    “Our office partnered with a host of federal, state, and local law enforcement agencies to dismantle a significant, multi-state drug trafficking and money laundering network,” said U.S. Attorney Theodore S. Hertzberg. “Foster’s 28-year prison sentence should serve as a robust warning to others who might consider trafficking deadly fentanyl and methamphetamine in North Georgia.”

    “DEA is committed to going after money laundering networks that move cash made from the sale of illegal drugs in the United States,” said Jae W. Chung, Acting Special Agent in Charge of the DEA Atlanta Division. “We will continue to follow the money trail while working alongside our partners to hold those accountable who profit from the distribution of deadly fentanyl and methamphetamine.” 

    “This sentencing marks the end of a years-long effort to dismantle a dangerous drug trafficking network that was pushing lethal fentanyl and methamphetamine into our communities,” said Paul Brown, Special Agent in Charge of FBI Atlanta. “The FBI remains focused on dismantling these dangerous organizations at every level—from supply to distribution to laundering the proceeds of their crimes.”

    “This significant sentence reflects the massive danger that fentanyl and illicit narcotics pose to our communities,” said Steven N. Schrank, the Special Agent in Charge of Homeland Security Investigations in Georgia and Alabama. “Thanks to the dedicated efforts of HSI and our law enforcement partners, Wilfort Foster, III, who led a major drug trafficking ring, will no longer be able to endanger lives with these deadly substances.”

    According to U.S. Attorney Hertzberg, the charges and other information presented in court: Beginning in 2017 and continuing into 2022, Foster and others conspired to transport methamphetamine and fentanyl from California to Cartersville, Georgia and other areas. Foster ran a stash house and illegal gambling operation in his California barbershop, which he used to supply his network with large amounts of fentanyl and methamphetamine for sale. In one instance, Foster supplied a co-defendant with more than 22 kilograms of methamphetamine that law enforcement subsequently seized. 

    After Foster’s operation sold drugs, conspirators in Georgia laundered more than $600,000 in cash to Foster by using shell companies and flying with hundreds of thousands of dollars in cash to California. Foster maintained tight control of his network and once broke a co-defendant’s jaw during a feud over the co-defendant’s drug debt. 

    During the multi-agency investigation, law enforcement seized significant quantities of narcotics and more than a dozen firearms, including an AR-15. Foster continued his drug and money laundering operation in Georgia despite being on probation in California in a case involving the seizure of over nine kilograms of methamphetamine and two firearms. 

    Earlier today, United States District Judge William M. Ray II sentenced Foster to serve 28 years in prison to be followed by 5 years of supervised release. Foster was convicted of conspiracy to possess with the intent to distribute methamphetamine and fentanyl and conspiracy to commit money laundering on January 6, 2025, after he pleaded guilty. 

    Another member of Foster’s organization, Steven Ham, 43, of Cartersville, Georgia, was sentenced to 15 years in prison and 10 years of supervised release on November 26, 2024, after pleading guilty to conspiracy to possess with the intent to distribute methamphetamine. 

    Additionally, the following defendants have pleaded guilty as part of this case and are awaiting sentencing:

    • Clifford Alexander, 39, of Gadsden, Alabama, pleaded guilty to conspiracy to possess with the intent to distribute methamphetamine.
    • Frank Miller, 47, of Cartersville, Georgia, pleaded guilty to conspiracy to possess with the intent to distribute methamphetamine and fentanyl, possession of a firearm in furtherance of a drug trafficking crime, and conspiracy to commit money laundering.
    • Kenneth Antoine Scott, 41, of East Point, Georgia, pleaded guilty to conspiracy to possess with the intent to distribute methamphetamine and possession of a firearm in furtherance of a drug trafficking crime.
    • Lori Silvers, 46, of Rockmart, Georgia, pleaded guilty to conspiracy to possess with the intent to distribute methamphetamine.
    • Nia Thomas, 31, of Atlanta, Georgia, pleaded guilty to conspiracy to possess with the intent to distribute methamphetamine.

    This case was investigated by the Federal Bureau of Investigation, Drug Enforcement Administration, Homeland Security Investigations, United States Postal Inspection Service, Bartow-Cartersville Drug Task Force, Bartow County Sheriff’s Office, Cartersville Police Department, Cedartown Police Department, Polk County Police Department, Acworth Police Department, Kennesaw Police Department, El Monte (CA) Police Department, Los Angeles (CA) Sheriff’s Department, Rutherford County (TN) Sheriff’s Office, Sevier County (TN) Sheriff’s Office, Kansas City (KS) Police Department, and the Georgia Bureau of Investigation.

    Assistant United States Attorneys Calvin A. Leipold, III, Matthew R. LaGrone, and Jeffrey Brown; former Assistant United States Attorneys Richard Beaulieu and Zachary Howard; and former Special Assistant United States Attorney Rachel Lyons prosecuted the case.

    This case is part of Operation Take Back America, a nationwide initiative that marshals the full resources of the Department of Justice to repel the invasion of illegal immigration, achieve the total elimination of cartels and transnational criminal organizations (TCOs), and protect our communities from the perpetrators of violent crime. Operation Take Back America streamlines efforts and resources from the Department’s Organized Crime Drug Enforcement Task Forces (OCDETFs) and Project Safe Neighborhood (PSN).

    This effort is part of an OCDETF operation. OCDETF identifies, disrupts, and dismantles the highest-level criminal organizations that threaten the United States using a prosecutor-led, intelligence-driven, multi-agency approach. Additional information about the OCDETF Program can be found at https://www.justice.gov/OCDETF.

    The U.S. Attorney’s Office in Atlanta recommends parents and children learn about the dangers of drugs at the following web site: www.justthinktwice.gov.

    For further information please contact the U.S. Attorney’s Public Affairs Office at USAGAN.PressEmails@usdoj.gov or (404) 581-6185. The Internet address for the U.S. Attorney’s Office for the Northern District of Georgia is http://www.justice.gov/usao-ndga.

    MIL Security OSI

  • MIL-OSI: Bitget’s GetAgent AI Trading Assistant Sees Explosive Adoption, Ignites Community Frenzy

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, July 25, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, has witnessed explosive demand following the launch of GetAgent, the world’s first crypto-native AI trading assistant. In just a few days, GetAgent has taken the crypto world by storm driving record-breaking user engagement, viral social media buzz, and significant token burns.

    GetAgent is an AI trading assistant that combines real-time market intelligence with personalized trading strategies. Built on a large language model trained by Bitget, GetAgent allows users to interact with the market using natural language, asking questions like “What’s trending today?” or “Buy $1,000 USDT of ETH” and receive actionable insights and execution support. The assistant can generate tailored trading strategies based on user preferences, and even help execute trades on Bitget.

    The launch in early July sparked unprecedented demand, with Bitget projecting a token burn of $300,000 to $500,000 in the first 30 days. This burn reflects not only the overwhelming interest in AI-powered crypto trading, but also Bitget’s deep commitment to creating sustainable value for its community and ecosystem.

    Social media platforms have been flooded with positive sentiment, as users share screenshots of profitable trades made with GetAgent’s support. With over 30,000 mentions in the first 14 days of launch, 1.2 billion media impressions, and nearly 20,000 users still on the waitlist, access codes have quickly become one of the most sought-after commodities in the crypto community.

    User engagement metrics further underscore GetAgent’s momentum. Those with access are averaging 15+ daily interactions, with a 7-day retention rate exceeding 30%—a remarkable benchmark in any digital product category. Users are increasingly relying on GetAgent as an everyday trading companion.

    “GetAgent is more than just a tool—it’s the beginning of a new trading paradigm where AI empowers every crypto trader, regardless of experience level,” said Gracy Chen, CEO of Bitget. “The overwhelming response from our community reaffirms our vision to bring smart, accessible, and user-centric products to the market. We’re excited to see how GetAgent reshapes the future of trading.”

    Looking ahead, GetAgent is expected to be made available to all Bitget users in Q3. The product will also be upgraded to support contract trading, earn products, and trading bots, enabling users to complete a wide range of crypto investment activities through simple, conversational interactions.

    As the first product of its kind in the industry, GetAgent combines conversational AI with real market execution, making crypto trading smarter, faster, and more intuitive. Bitget will continue to roll out access to waitlisted users and enhance the product’s capabilities.

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform.

    Bitget is driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

    Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. In the world of motorsports, Bitget is the exclusive cryptocurrency exchange partner of MotoGP™, one of the world’s most thrilling championships.

    For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

    For media inquiries, please contact: media@bitget.com

    Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b4eea7a8-0492-4f6f-83a3-0d36e3837d42

    The MIL Network

  • MIL-OSI Africa: The Gambia: African Development Fund Approves $19.93 Million Grant to Tackle Fragility and Expand Opportunities for Rural Youth and Women

    Source: APO

    The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved $19.93 million grant funding for the Resilience Building – Vulnerable Youth and Women Support Project, designed to improve access to basic social services for underserved communities in The Gambia.

    The initiative seeks to address the root causes of poverty and irregular migration by creating sustainable livelihoods and tackling early signs of fragility and preventing structural drivers of conflict and instability in the targeted region. It forms part of the Bank’s scaled-up prevention agenda under the Prevention Envelope of the Transition Support Facility (TSF), which emphasizes early response to fragility risks and systematic drivers of conflict.

    The Gambia faces severe economic challenges, with 53.4% of the population living below the poverty line. Poverty is particularly severe in rural areas, affecting 76 percent of residents, compared to 34 percent in urban areas. Youth unemployment stands at 38.6%, with women disproportionately impacted — 1.3 unemployed women for every unemployed man. These socio-economic disparities, coupled with limited access to services, are major push factors fuelling irregular migration and social instability.

    Although the country has achieved robust electricity access nationwide, glaring regional inequalities persist. In areas such as Kuntaur and Janjanbureh, fewer than one in four people have access to electricity, compared to 95 percent in the capital. Additionally, one in four children suffers from malnutrition. By targeting these gaps, the project aims to renew the social contract and foster community resilience.

    “This project represents our commitment to tackling the foundational causes of fragility, poverty, exclusion, and lack of opportunity, by investing in people and systems that build community resilience and hope,” said Dr. Joseph Ribeiro, African Development Bank Deputy Director General for West Africa, and Country Manager for The Gambia. “Through the TSF Prevention Envelope, we are acting early to prevent conflict and youth migration by fostering inclusive growth, gender equality, and institutional stability, while building foundations for sustainable livelihoods that will keep families and communities together.”

    The project will directly create 1,500 jobs, enhance productivity for 5,000 existing positions, and provide annual skills training to 500 youth in high-demand sectors such as agriculture, engineering, ICT, and renewable energy. In addition, support will be extended to 500 women-led micro and small enterprises and 50 women’s cooperatives.

    Key investments in health infrastructure will include rehabilitating four primary health facilities vulnerable regions, including Basse, Kuntaur, and Janjanbureh, where maternal mortality and child malnutrition rates exceed national averages. Enhanced nutrition surveillance systems will enable early detection for 22,000 children and facilitate treatment for 1,000 children requiring specialized care.

    Food insecurity has surged, rising from 13.4 percent in 2021 to 29 percent in 2023, with peaks of 61 percent in areas such as Kuntaur. The project will address this crisis by promoting climate-smart agriculture and strengthening local values chains to improve food security and reduce vulnerability to climate shocks.

    Financial inclusion is a core pillar of the intervention. With 77 percent of Gambian youth currently excluded from formal financial services, the project will establish dedicated credit lines and provide business development support to unlock entrepreneurship, particularly for women who face systemic barriers to accessing capital and markets.

    The initiative also includes scaling up efforts to tackle gender-based violence and inequality, and capacity-building for government institutions to enhance data-driven policymaking and long-term monitoring of fragility trends.

     Civil society organisations, including the Association of Non-Governmental Organizations (TANGO), will be central to ensuring the project is inclusive, participatory, and aligned with national priorities.

    Distributed by APO Group on behalf of African Development Bank Group (AfDB).

    Media Contact:
    Natalie Nkembuh,
    Communication and Media Relations Department
    media@afdb.org

    About the African Development Bank Group:
    The African Development Bank Group is Africa’s premier development finance institution. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). On the ground in 41 African countries with an external office in Japan, the Bank contributes to the economic development and the social progress of its 54 regional member states. For more information: www.AfDB.org

    Media files

    .

    MIL OSI Africa

  • MIL-OSI China: ​Internet industry conference shines light on future development

    Source: People’s Republic of China – State Council News

    The opening ceremony of the 24th China Internet Conference in Beijing, July 23, 2025. [Photo by Liu Sitong/China.org.cn]

    The 24th China Internet Conference opened in Beijing on July 23, with industry experts gathering to share their thoughts on the development and future of the internet sector. 

    At the event’s opening ceremony, Wu Hequan, former vice president of the Chinese Academy of Engineering, said the internet sector has entered an era of development driven by artificial intelligence (AI). As such, he said that the industry should rely on AI agents, instead of generative AI, to create new application scenarios in order to realize commercial success. 

    Wu added that “AI for Internet” and “Internet for AI” will empower new quality productive forces and drive the transformation of business formats; however, related applications still require further innovations in technology and to business models. 

    Tang Ke, deputy general manager of China Telecom, spoke about the profound upgrading of AI-related computing power, data, algorithms, applications and security technology amid the new round of sci-tech revolution and industrial transformation that has reshaped the industrial ecosystem. 

    To ride this trend, Tang explained that China Telecom has been innovating technologies and fully developing its strength in AI. In addition, the company is building smart cloud capabilities, exploring computing power coordination to improve efficiency, and enriching AI applications while ensuring security. 

    Cheng Jianjun, vice president of China Mobile, said as a new driving force for digital economy, computing power has been growing faster than they could have been imagined. He explained that the company has so far established 13 smart computing centers and are currently building several super-large smart computing centers. 

    He added that the company has also invested in quantum technology, including a quantum computing cloud platform that has connected 500 universities and colleges and incubated a dozen enterprises. Meanwhile, to serve the development of low-altitude economy, the company is building a digital infrastructure network enabling integrated sensing and communication.

    Hao Liqian, deputy general manager of China Unicom, spoke about his company’s efforts to accelerate the integrated development of computing power, network, digital technology and large-scale models, and their focus on offering AI services that are convenient, efficient, practical, safe and inclusive. By innovating services, the company has also helped various regions such as Beijing and Chongqing to upgrade their government service hotlines to go smart. 

    Zhu Zheng, senior vice president and chief development officer of the popular e-commerce company Pinduoduo, introduced a program they launched in April. The company plans to invest 100-billion-yuan worth of resources over the next three years to improve the e-commerce ecosystem and help businesses on their platform transform and upgrade. 

    According to Zhu, the company has so far connected 1,000 agricultural areas and helped 16 million agricultural workers to participate in the digital economy. Meanwhile, the firm also provides digital services for manufacturing enterprises regarding product design and development, production and branding. 

    Gao Ji, chief executive officer of Chinese semiconductor provider HiSilicon, said that the audio video industry is highly relevant to the development of the internet sector. The company aims to provide an improved consumer experience with audio and video products. 

    Han Yonggang, vice president of China’s leading cybersecurity company QAX, said the company has aligned cybersecurity capabilities with digital development. He said that AI security means ensuring safe use of AI technology as well as using AI as a new driving force to enhance our security capabilities. He called for cybersecurity management and technology to be better connected, ensuring cybersecurity management with systematic technical support. 

    The China Internet Conference was organized by the Internet Society of China and will run until July 25.

    MIL OSI China News

  • MIL-OSI Economics: ToolShell: a story of five vulnerabilities in Microsoft SharePoint

    Source: Securelist – Kaspersky

    Headline: ToolShell: a story of five vulnerabilities in Microsoft SharePoint

    On July 19–20, 2025, various security companies and national CERTs published alerts about active exploitation of on-premise SharePoint servers. According to the reports, observed attacks did not require authentication, allowed attackers to gain full control over the infected servers, and were performed using an exploit chain of two vulnerabilities: CVE-2025-49704 and CVE-2025-49706, publicly named “ToolShell”. Additionally, on the same dates, Microsoft released out-of-band security patches for the vulnerabilities CVE-2025-53770 and CVE-2025-53771, aimed at addressing the security bypasses of previously issued fixes for CVE-2025-49704 and CVE-2025-49706. The release of the new, “proper” updates has caused confusion about exactly which vulnerabilities attackers are exploiting and whether they are using zero-day exploits.

    Kaspersky products proactively detected and blocked malicious activity linked to these attacks, which allowed us to gather statistics about the timeframe and spread of this campaign. Our statistics show that widespread exploitation started on July 18, 2025, and attackers targeted servers across the world in Egypt, Jordan, Russia, Vietnam, and Zambia. Entities across multiple sectors were affected: government, finance, manufacturing, forestry, and agriculture.

    While analyzing all artifacts related to these attacks, which were detected by our products and public information provided by external researchers, we found a dump of a POST request that was claimed to contain the malicious payload used in these attacks. After performing our own analysis, we were able to confirm that this dump indeed contained the malicious payload detected by our technologies, and that sending this single request to an affected SharePoint installation was enough to execute the malicious payload there.

    Our analysis of the exploit showed that it did rely on vulnerabilities fixed under CVE-2025-49704 and CVE-2025-49706, but by changing just one byte in the request, we were able to bypass those fixes.

    In this post, we provide detailed information about CVE-2025-49704, CVE-2025-49706, CVE-2025-53770, CVE-2025-53771, and one related vulnerability. Since the exploit code is already published online, is very easy to use, and poses a significant risk, we encourage all organizations to install the necessary updates.

    The exploit

    Our research started with an analysis of a POST request dump associated with this wave of attacks on SharePoint servers.

    Snippet of the exploit POST request

    We can see that this POST request targets the “/_layouts/15/ToolPane.aspx” endpoint and embeds two parameters: “MSOtlPn_Uri” and “MSOtlPn_DWP”. Looking at the code of ToolPane.aspx, we can see that this file itself does not contain much functionality and most of its code is located in the ToolPane class of the Microsoft.SharePoint.WebPartPages namespace in Microsoft.SharePoint.dll. Looking at this class reveals the code that works with the two parameters present in the exploit. However, accessing this endpoint under normal conditions is not possible without bypassing authentication on the attacked SharePoint server. This is where the first Microsoft SharePoint Server Spoofing Vulnerability CVE-2025-49706 comes into play.

    CVE-2025-49706

    This vulnerability is present in the method PostAuthenticateRequestHandler, in Microsoft.SharePoint.dll. SharePoint requires Internet Information Services (IIS) to be configured in integrated mode. In this mode, the IIS and ASP.NET authentication stages are unified. As a result, the outcome of IIS authentication is not determined until the PostAuthenticateRequest stage, at which point both the ASP.NET and IIS authentication methods have been completed. Therefore, the PostAuthenticateRequestHandler method utilizes a series of flags to track potential authentication violations. A logic bug in this method enables an authentication bypass if the “Referrer” header of the HTTP request is equal to “/_layouts/SignOut.aspx”, “/_layouts/14/SignOut.aspx”, or “/_layouts/15/SignOut.aspx” using case insensitive comparison.

    Vulnerable code in PostAuthenticateRequestHandler method (Microsoft.SharePoint.dll version 16.0.10417.20018)

    The code displayed in the image above handles the sign-out request and is also triggered when the sign-out page is specified as the referrer. When flag6 is set to false and flag7 is set to true, both conditional branches that could potentially throw an “Unauthorized Access” exception are bypassed.

    Unauthorized access checks bypassed by the exploit

    On July 8, 2025, Microsoft released an update that addressed this vulnerability by introducing additional checks to detect the usage of the “ToolPane.aspx” endpoint with the sign-out page specified as the referrer.

    CVE-2025-49706 fix (Microsoft.SharePoint.dll version 16.0.10417.20027)

    The added check uses case insensitive comparison to verify if the requested path ends with “ToolPane.aspx”. Is it possible to bypass this check, say, by using a different endpoint? Our testing has shown that this check can be easily bypassed.

    CVE-2025-53771

    We were able to successfully bypass the patch for vulnerability CVE-2025-49706 by adding just one byte to the exploit POST request. All that was required to bypass this patch was to add a “/” (slash) to the end of the requested “ToolPane.aspx” path.

    Bypass for CVE-2025-49706 fix

    On July 20, 2025, Microsoft released an update that fixed this bypass as CVE-2025-53771. This fix replaces the “ToolPane.aspx” check to instead check whether the requested path is in the list of paths allowed for use with the sign-out page specified as the referrer.

    CVE-2025-53771 fix (Microsoft.SharePoint.dll version 16.0.10417.20037)

    This allowlist includes the following paths: “/_layouts/15/SignOut.aspx”, “/_layouts/15/1033/initstrings.js”, “/_layouts/15/init.js”, “/_layouts/15/theming.js”, “/ScriptResource.axd”, “/_layouts/15/blank.js”, “/ScriptResource.axd”, “/WebResource.axd”, “/_layouts/15/1033/styles/corev15.css”, “/_layouts/15/1033/styles/error.css”, “/_layouts/15/images/favicon.ico”, “/_layouts/15/1033/strings.js”, “/_layouts/15/core.js”, and it can contain additional paths added by the administrator.

    While testing the CVE-2025-49706 bypass with the July 8, 2025 updates installed on our SharePoint debugging stand, we noticed some strange behavior. Not only did the bypass of CVE-2025-49706 work, but the entire exploit chain did! But wait! Didn’t the attackers use an additional Microsoft SharePoint Remote Code Execution Vulnerability CVE-2025-49704, which was supposed to be fixed in the same update? To understand why the entire exploit chain worked in our case, let’s take a look at the vulnerability CVE-2025-49704 and how it was fixed.

    CVE-2025-49704

    CVE-2025-49704 is an untrusted data deserialization vulnerability that exists due to improper validation of XML content. Looking at the exploit POST request, we can see that it contains two URL encoded parameters: “MSOtlPn_Uri” and “MSOtlPn_DWP”. We can see how they are handled by examining the code of the method GetPartPreviewAndPropertiesFromMarkup in Microsoft.SharePoint.dll. A quick analysis reveals that “MSOtlPn_Uri”  is a page URL that might be pointing to an any file in the CONTROLTEMPLATES folder and the parameter “MSOtlPn_DWP” contains something known as WebPart markup. This markup contains special directives that can be used to execute safe controls on a server and has a format very similar to XML.

    WebPart markup used by the attackers

    While this “XML” included in the “MSOtlPn_DWP” parameter does not itself contain a vulnerability, it allows attackers to instantiate the ExcelDataSet control from Microsoft.PerformancePoint.Scorecards.Client.dll with CompressedDataTable property set to malicious payload and trigger its processing using DataTable property getter.

    Code of the method that handles the contents of ExcelDataSet’s CompressedDataTable property in the DataTable property getter

    Looking at the code of the ExcelDataSet’s DataTable property getter in Microsoft.PerformancePoint.Scorecards.Client.dll, we find the method GetObjectFromCompressedBase64String, responsible for deserialization of CompressedDataTable property contents. The data provided as Base64 string is decoded, unzipped, and passed to the BinarySerialization.Deserialize method from Microsoft.SharePoint.dll.

    DataSet with XML content exploiting CVE-2025-49704 (deserialized)

    Attackers use this method to provide a malicious DataSet whose deserialized content is shown in the image above. It contains an XML with an element of dangerous type “System.Collections.Generic.List1[[System.Data.Services.Internal.ExpandedWrapper2[…], System.Data.Services, Version=4.0.0.0, Culture=neutral, PublicKeyToken=b77a5c561934e089]]”, which allows attackers to execute arbitrary methods with the help of the well-known ExpandedWrapper technique aimed at exploitation of unsafe XML deserialization in applications based on the .NET framework. In fact, this shouldn’t be possible, since BinarySerialization.Deserialize in Microsoft.SharePoint.dll uses a special XmlValidator designed to protect against this technique by checking the types of all elements present in the provided XML and ensuring that they are on the list of allowed types. However, the exploit bypasses this check by placing the ExpandedWrapper object into the list.

    Now, to find out why the exploit worked on our SharePoint debugging stand with the July 8, 2025 updates installed, let’s take a look at how this vulnerability was fixed. In this patch, Microsoft did not really fix the vulnerability but only mitigated it by adding the new AddExcelDataSetToSafeControls class to the Microsoft.SharePoint.Upgrade namespace. This class contains new code that modifies the web.config file and marks the Microsoft.PerformancePoint.Scorecards.ExcelDataSet control as unsafe. Because SharePoint does not execute this code on its own after installing updates, the only way to achieve the security effect was to manually run a configuration upgrade using the SharePoint Products Configuration Wizard tool. Notably, the security guidance for CVE-2025-49704 does not mention the need for this step, which means at least some SharePoint administrators may skip it. Meanwhile, anyone who installed this update but did not manually perform a configuration upgrade remained vulnerable.

    CVE-2025-53770

    On July 20, 2025, Microsoft released an update with a proper fix for the CVE-2025-49704 vulnerability. This patch introduces an updated XmlValidator that now properly validates element types in XML, preventing exploitation of this vulnerability without requiring a configuration upgrade and, more importantly, addressing the root cause and preventing exploitation of the same vulnerability through controls other than Microsoft.PerformancePoint.Scorecards.ExcelDataSet.

    DataSet with XML content exploiting CVE-2025-49704 (deserialized)

    CVE-2020-1147

    Readers familiar with previous SharePoint exploits might feel that the vulnerability CVE-2025-49704/CVE-2025-53770 and the exploit used by the attackers looks very familiar and very similar to the older .NET Framework, SharePoint Server, and Visual Studio Remote Code Execution Vulnerability CVE-2020-1147. In fact, if we compare the exploit for CVE-2020-1147 and an exploit for CVE-2025-49704/CVE-2025-53770, we can see that they are almost identical. The only difference is that in the exploit for CVE-2025-49704/CVE-2025-53770, the dangerous ExpandedWrapper object is placed in the list. This makes CVE-2025-53770 an updated fix for CVE-2020-1147.

    DataSet with XML content exploiting CVE-2020-1147

    Conclusions

    Despite the fact that patches for the ToolShell vulnerabilities are now available for deployment, we assess that this chain of exploits will continue being used by attackers for a long time. We have been observing the same situation with other notorious vulnerabilities, such as ProxyLogon, PrintNightmare, or EternalBlue. While they have been known for years, many threat actors still continue leveraging them in their attacks to compromise unpatched systems. We expect the ToolShell vulnerabilities to follow the same fate, as they can be exploited with extremely low effort and allow full control over the vulnerable server.

    To stay better protected against threats like ToolShell, we as a community should learn lessons from previous events in the industry related to critical vulnerabilities. Specifically, the speed of applying security patches nowadays is the most important factor when it comes to fighting such vulnerabilities. Since public exploits for these dangerous vulnerabilities appear very soon after vulnerability announcements, it is paramount to install patches as soon as possible, as a gap of even a few hours can make a critical difference.

    At the same time, it is important to protect enterprise networks against zero-day exploits, which can be leveraged when there is no available public patch for vulnerabilities. In this regard, it is critical to equip machines with reliable cybersecurity solutions that have proven effective in combatting ToolShell attacks before they were publicly disclosed.

    Kaspersky Next with its Behaviour detection component proactively protects against  exploitation of these vulnerabilities. Additionally, it is able to detect exploitation and the subsequent malicious activity.

    Kaspersky products detect the exploits and malware used in these attacks with the following verdicts:

    • UDS:DangerousObject.Multi.Generic
    • PDM:Exploit.Win32.Generic
    • PDM:Trojan.Win32.Generic
    • HEUR:Trojan.MSIL.Agent.gen
    • ASP.Agent.*
    • PowerShell.Agent.*

    MIL OSI Economics

  • MIL-OSI Economics: ToolShell: a story of five vulnerabilities in Microsoft SharePoint

    Source: Securelist – Kaspersky

    Headline: ToolShell: a story of five vulnerabilities in Microsoft SharePoint

    On July 19–20, 2025, various security companies and national CERTs published alerts about active exploitation of on-premise SharePoint servers. According to the reports, observed attacks did not require authentication, allowed attackers to gain full control over the infected servers, and were performed using an exploit chain of two vulnerabilities: CVE-2025-49704 and CVE-2025-49706, publicly named “ToolShell”. Additionally, on the same dates, Microsoft released out-of-band security patches for the vulnerabilities CVE-2025-53770 and CVE-2025-53771, aimed at addressing the security bypasses of previously issued fixes for CVE-2025-49704 and CVE-2025-49706. The release of the new, “proper” updates has caused confusion about exactly which vulnerabilities attackers are exploiting and whether they are using zero-day exploits.

    Kaspersky products proactively detected and blocked malicious activity linked to these attacks, which allowed us to gather statistics about the timeframe and spread of this campaign. Our statistics show that widespread exploitation started on July 18, 2025, and attackers targeted servers across the world in Egypt, Jordan, Russia, Vietnam, and Zambia. Entities across multiple sectors were affected: government, finance, manufacturing, forestry, and agriculture.

    While analyzing all artifacts related to these attacks, which were detected by our products and public information provided by external researchers, we found a dump of a POST request that was claimed to contain the malicious payload used in these attacks. After performing our own analysis, we were able to confirm that this dump indeed contained the malicious payload detected by our technologies, and that sending this single request to an affected SharePoint installation was enough to execute the malicious payload there.

    Our analysis of the exploit showed that it did rely on vulnerabilities fixed under CVE-2025-49704 and CVE-2025-49706, but by changing just one byte in the request, we were able to bypass those fixes.

    In this post, we provide detailed information about CVE-2025-49704, CVE-2025-49706, CVE-2025-53770, CVE-2025-53771, and one related vulnerability. Since the exploit code is already published online, is very easy to use, and poses a significant risk, we encourage all organizations to install the necessary updates.

    The exploit

    Our research started with an analysis of a POST request dump associated with this wave of attacks on SharePoint servers.

    Snippet of the exploit POST request

    We can see that this POST request targets the “/_layouts/15/ToolPane.aspx” endpoint and embeds two parameters: “MSOtlPn_Uri” and “MSOtlPn_DWP”. Looking at the code of ToolPane.aspx, we can see that this file itself does not contain much functionality and most of its code is located in the ToolPane class of the Microsoft.SharePoint.WebPartPages namespace in Microsoft.SharePoint.dll. Looking at this class reveals the code that works with the two parameters present in the exploit. However, accessing this endpoint under normal conditions is not possible without bypassing authentication on the attacked SharePoint server. This is where the first Microsoft SharePoint Server Spoofing Vulnerability CVE-2025-49706 comes into play.

    CVE-2025-49706

    This vulnerability is present in the method PostAuthenticateRequestHandler, in Microsoft.SharePoint.dll. SharePoint requires Internet Information Services (IIS) to be configured in integrated mode. In this mode, the IIS and ASP.NET authentication stages are unified. As a result, the outcome of IIS authentication is not determined until the PostAuthenticateRequest stage, at which point both the ASP.NET and IIS authentication methods have been completed. Therefore, the PostAuthenticateRequestHandler method utilizes a series of flags to track potential authentication violations. A logic bug in this method enables an authentication bypass if the “Referrer” header of the HTTP request is equal to “/_layouts/SignOut.aspx”, “/_layouts/14/SignOut.aspx”, or “/_layouts/15/SignOut.aspx” using case insensitive comparison.

    Vulnerable code in PostAuthenticateRequestHandler method (Microsoft.SharePoint.dll version 16.0.10417.20018)

    The code displayed in the image above handles the sign-out request and is also triggered when the sign-out page is specified as the referrer. When flag6 is set to false and flag7 is set to true, both conditional branches that could potentially throw an “Unauthorized Access” exception are bypassed.

    Unauthorized access checks bypassed by the exploit

    On July 8, 2025, Microsoft released an update that addressed this vulnerability by introducing additional checks to detect the usage of the “ToolPane.aspx” endpoint with the sign-out page specified as the referrer.

    CVE-2025-49706 fix (Microsoft.SharePoint.dll version 16.0.10417.20027)

    The added check uses case insensitive comparison to verify if the requested path ends with “ToolPane.aspx”. Is it possible to bypass this check, say, by using a different endpoint? Our testing has shown that this check can be easily bypassed.

    CVE-2025-53771

    We were able to successfully bypass the patch for vulnerability CVE-2025-49706 by adding just one byte to the exploit POST request. All that was required to bypass this patch was to add a “/” (slash) to the end of the requested “ToolPane.aspx” path.

    Bypass for CVE-2025-49706 fix

    On July 20, 2025, Microsoft released an update that fixed this bypass as CVE-2025-53771. This fix replaces the “ToolPane.aspx” check to instead check whether the requested path is in the list of paths allowed for use with the sign-out page specified as the referrer.

    CVE-2025-53771 fix (Microsoft.SharePoint.dll version 16.0.10417.20037)

    This allowlist includes the following paths: “/_layouts/15/SignOut.aspx”, “/_layouts/15/1033/initstrings.js”, “/_layouts/15/init.js”, “/_layouts/15/theming.js”, “/ScriptResource.axd”, “/_layouts/15/blank.js”, “/ScriptResource.axd”, “/WebResource.axd”, “/_layouts/15/1033/styles/corev15.css”, “/_layouts/15/1033/styles/error.css”, “/_layouts/15/images/favicon.ico”, “/_layouts/15/1033/strings.js”, “/_layouts/15/core.js”, and it can contain additional paths added by the administrator.

    While testing the CVE-2025-49706 bypass with the July 8, 2025 updates installed on our SharePoint debugging stand, we noticed some strange behavior. Not only did the bypass of CVE-2025-49706 work, but the entire exploit chain did! But wait! Didn’t the attackers use an additional Microsoft SharePoint Remote Code Execution Vulnerability CVE-2025-49704, which was supposed to be fixed in the same update? To understand why the entire exploit chain worked in our case, let’s take a look at the vulnerability CVE-2025-49704 and how it was fixed.

    CVE-2025-49704

    CVE-2025-49704 is an untrusted data deserialization vulnerability that exists due to improper validation of XML content. Looking at the exploit POST request, we can see that it contains two URL encoded parameters: “MSOtlPn_Uri” and “MSOtlPn_DWP”. We can see how they are handled by examining the code of the method GetPartPreviewAndPropertiesFromMarkup in Microsoft.SharePoint.dll. A quick analysis reveals that “MSOtlPn_Uri”  is a page URL that might be pointing to an any file in the CONTROLTEMPLATES folder and the parameter “MSOtlPn_DWP” contains something known as WebPart markup. This markup contains special directives that can be used to execute safe controls on a server and has a format very similar to XML.

    WebPart markup used by the attackers

    While this “XML” included in the “MSOtlPn_DWP” parameter does not itself contain a vulnerability, it allows attackers to instantiate the ExcelDataSet control from Microsoft.PerformancePoint.Scorecards.Client.dll with CompressedDataTable property set to malicious payload and trigger its processing using DataTable property getter.

    Code of the method that handles the contents of ExcelDataSet’s CompressedDataTable property in the DataTable property getter

    Looking at the code of the ExcelDataSet’s DataTable property getter in Microsoft.PerformancePoint.Scorecards.Client.dll, we find the method GetObjectFromCompressedBase64String, responsible for deserialization of CompressedDataTable property contents. The data provided as Base64 string is decoded, unzipped, and passed to the BinarySerialization.Deserialize method from Microsoft.SharePoint.dll.

    DataSet with XML content exploiting CVE-2025-49704 (deserialized)

    Attackers use this method to provide a malicious DataSet whose deserialized content is shown in the image above. It contains an XML with an element of dangerous type “System.Collections.Generic.List1[[System.Data.Services.Internal.ExpandedWrapper2[…], System.Data.Services, Version=4.0.0.0, Culture=neutral, PublicKeyToken=b77a5c561934e089]]”, which allows attackers to execute arbitrary methods with the help of the well-known ExpandedWrapper technique aimed at exploitation of unsafe XML deserialization in applications based on the .NET framework. In fact, this shouldn’t be possible, since BinarySerialization.Deserialize in Microsoft.SharePoint.dll uses a special XmlValidator designed to protect against this technique by checking the types of all elements present in the provided XML and ensuring that they are on the list of allowed types. However, the exploit bypasses this check by placing the ExpandedWrapper object into the list.

    Now, to find out why the exploit worked on our SharePoint debugging stand with the July 8, 2025 updates installed, let’s take a look at how this vulnerability was fixed. In this patch, Microsoft did not really fix the vulnerability but only mitigated it by adding the new AddExcelDataSetToSafeControls class to the Microsoft.SharePoint.Upgrade namespace. This class contains new code that modifies the web.config file and marks the Microsoft.PerformancePoint.Scorecards.ExcelDataSet control as unsafe. Because SharePoint does not execute this code on its own after installing updates, the only way to achieve the security effect was to manually run a configuration upgrade using the SharePoint Products Configuration Wizard tool. Notably, the security guidance for CVE-2025-49704 does not mention the need for this step, which means at least some SharePoint administrators may skip it. Meanwhile, anyone who installed this update but did not manually perform a configuration upgrade remained vulnerable.

    CVE-2025-53770

    On July 20, 2025, Microsoft released an update with a proper fix for the CVE-2025-49704 vulnerability. This patch introduces an updated XmlValidator that now properly validates element types in XML, preventing exploitation of this vulnerability without requiring a configuration upgrade and, more importantly, addressing the root cause and preventing exploitation of the same vulnerability through controls other than Microsoft.PerformancePoint.Scorecards.ExcelDataSet.

    DataSet with XML content exploiting CVE-2025-49704 (deserialized)

    CVE-2020-1147

    Readers familiar with previous SharePoint exploits might feel that the vulnerability CVE-2025-49704/CVE-2025-53770 and the exploit used by the attackers looks very familiar and very similar to the older .NET Framework, SharePoint Server, and Visual Studio Remote Code Execution Vulnerability CVE-2020-1147. In fact, if we compare the exploit for CVE-2020-1147 and an exploit for CVE-2025-49704/CVE-2025-53770, we can see that they are almost identical. The only difference is that in the exploit for CVE-2025-49704/CVE-2025-53770, the dangerous ExpandedWrapper object is placed in the list. This makes CVE-2025-53770 an updated fix for CVE-2020-1147.

    DataSet with XML content exploiting CVE-2020-1147

    Conclusions

    Despite the fact that patches for the ToolShell vulnerabilities are now available for deployment, we assess that this chain of exploits will continue being used by attackers for a long time. We have been observing the same situation with other notorious vulnerabilities, such as ProxyLogon, PrintNightmare, or EternalBlue. While they have been known for years, many threat actors still continue leveraging them in their attacks to compromise unpatched systems. We expect the ToolShell vulnerabilities to follow the same fate, as they can be exploited with extremely low effort and allow full control over the vulnerable server.

    To stay better protected against threats like ToolShell, we as a community should learn lessons from previous events in the industry related to critical vulnerabilities. Specifically, the speed of applying security patches nowadays is the most important factor when it comes to fighting such vulnerabilities. Since public exploits for these dangerous vulnerabilities appear very soon after vulnerability announcements, it is paramount to install patches as soon as possible, as a gap of even a few hours can make a critical difference.

    At the same time, it is important to protect enterprise networks against zero-day exploits, which can be leveraged when there is no available public patch for vulnerabilities. In this regard, it is critical to equip machines with reliable cybersecurity solutions that have proven effective in combatting ToolShell attacks before they were publicly disclosed.

    Kaspersky Next with its Behaviour detection component proactively protects against  exploitation of these vulnerabilities. Additionally, it is able to detect exploitation and the subsequent malicious activity.

    Kaspersky products detect the exploits and malware used in these attacks with the following verdicts:

    • UDS:DangerousObject.Multi.Generic
    • PDM:Exploit.Win32.Generic
    • PDM:Trojan.Win32.Generic
    • HEUR:Trojan.MSIL.Agent.gen
    • ASP.Agent.*
    • PowerShell.Agent.*

    MIL OSI Economics

  • MIL-OSI: Bitget KCGI 2025 Heats Up as Team Battle Kicks Off: Communities Unite, Rivalries Ignite

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, July 25, 2025 (GLOBE NEWSWIRE) — Bitget, the world’s leading cryptocurrency exchange and Web3 company, has kickstarted the next phase of its King’s Cup Global Invitational (KCGI) 2025 with today marking the official start of Team Battle. With a massive 6,000,000 USDT promotion pool and exclusive prizes ranging from LALIGA VIP tickets to MotoGP passes, Team Battle marks the beginning of an electrifying community showdown. Team Battle will run from July 24 till August 12.

    From July 14 to July 23, traders across the globe formed alliances, uniting regional communities and rallying behind captains in preparation for the most competitive season of KCGI yet. Whether you’re a seasoned trader, a strategy-driven team leader, or a rising star in the crypto world, KCGI 2025 is the ultimate platform to showcase your trading skills and team synergy.

    “The Team Battle brings KCGI’s spirit of global collaboration to life,” said Gracy Chen, CEO of Bitget. “As traders rally behind captains and compete across borders, the trading tournament unites celebrating community power, strategic thinking, and Web3’s long-term growth.”

    Over 1,300 teams have already joined the tournament, and registration remains open until August 9 for teams still working to meet the minimum requirement of 10 members. Bitget continues to encourage users to form diverse, dynamic squads. To qualify for a share of the 3,000,000 USDT team battle prize pool, teams must have at least 10 members and achieve a combined trading volume of 30,000 USDT. The prize pool includes:

    • 1.2M USDT for top-performing teams by PnL
    • 1.2M USDT for top regional teams by ROI
    • 300K USDT each for individual PnL and ROI rankings

    Team captains also enjoy exclusive perks, including ROI reset cards, dedicated recognition, and up to 10% of team rewards if they lead their squads to victory.  To further energize team captains, Bitget has introduced a Team Leader Award, allocating a total of 100,000 USDT worth of BGB to reward the first 200 captains whose teams meet the eligibility criteria. This early mover incentive recognizes the leadership and initiative of captains who mobilize their communities swiftly and effectively.

    This year’s tournament emphasizes collaboration, strategic planning, and region-based unity, making it an ideal playground for traders to leverage each other’s strengths. Diverse teams can combine different styles—from high-frequency specialists to long-term visionaries—creating an environment where collective intelligence wins.

    With live leaderboards soon to go live, every trade counts. As communities compete across APAC, LATAM, MENA, Europe, and beyond, friendly rivalries are forming, and social channels are lighting up with battle cries. The leaderboard momentum is designed to inspire competitive spirit and keep audiences engaged with every twist and turn.

    To fuel the buzz, Bitget will spotlight milestone achievements and standout teams across its global marketing channels, bringing well-earned attention to breakout performers.

    Join the action and follow the tournament live via Bitget’s official KCGI page.

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin priceEthereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform.

    Bitget is driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

    Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. In the world of motorsports, Bitget is the exclusive cryptocurrency exchange partner of MotoGP™, one of the world’s most thrilling championships.

    For more information, visit: WebsiteTwitterTelegramLinkedInDiscordBitget Wallet

    For media inquiries, please contact: media@bitget.com 

    Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/67836a19-152b-41da-a3a8-e2d58d174632

    The MIL Network

  • MIL-OSI: SIMPPLE Ltd. Fully Regains Compliance with Nasdaq’s Continued Listing Requirements

    Source: GlobeNewswire (MIL-OSI)

    Singapore, July 24, 2025 (GLOBE NEWSWIRE) — SIMPPLE Ltd. (NASDAQ: SPPL) (“SIMPPLE” or “the Company”), a leading technology provider and innovator in the facilities management (FM) sector, today announced that it has received notice from The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that the Company has regained compliance with the Nasdaq Capital Market’s minimum stockholders’ equity requirement and annual shareholder meeting requirement, as required by Nasdaq Listing Rules.

    As previously reported in the Company’s Form 6-K dated January 21, 2025, the Company did not comply with the minimum stockholders’ equity of $2,500,000 as required for continued listing on Nasdaq set forth in Nasdaq Listing Rule 5550(b)(1).

    The Company has since filed a Form 6-K dated July 7, 2025, stating that the Company had executed a series of securities purchase agreements with investors to raise aggregate gross proceeds of $2.0 million resulting from the sale of 1,333,334 shares through a private investment in public equity (PIPE). As a result of the closing of the private placement on June 30, 2025, the Company’s shareholders’ equity exceeded $2.5 million. SIMPPLE intends to use the net proceeds from the PIPE to advance development of its technologies, extensive pipeline, and global expansion.

    On July 22, 2025, Nasdaq notified the Company that the Company complies with the Listing Rule 5550(b)(1), subject to the Company’s disclosure in a Form 6-K no later than July 25, 2025, providing a description of the completed transaction or event that enabled the Company to satisfy the stockholders’ equity requirement for continued listing. Nasdaq will continue to monitor the Company’s ongoing compliance with the stockholders’ equity requirement and, if at the time of its next periodic report, the Company does not evidence compliance, it may be subject to delisting. At that time, Staff will provide written notification to the Company, which may then appeal Staff’s determination to a Hearings Panel.

    “We are pleased to have successfully regained compliance with Nasdaq’s continued listing requirements and consider this latest notification a key milestone that underscores our broader business objectives” said Norman Schroeder, SIMIPPLE’s chief executive. “We believe it’s an important outcome that goes to SIMPPLE’s credibility, and best interest of our valued investors, partners, and stakeholders, as we continue to invest in our technology advancements and global growth objectives.”

    The Company will continue to monitor its ongoing compliance with all applicable Nasdaq listing standards and will provide further updates as and when required.

    About SIMPPLE LTD.

    Headquartered in Singapore, SIMPPLE LTD. is an advanced technology solution provider in the emerging PropTech space, focused on helping facilities owners and managers manage facilities autonomously. Founded in 2016, the Company has a strong foothold in the Singapore facilities management market, serving over 60 clients in both the public and private sectors and extending out of Singapore into Australia and the Middle East. The Company has developed its proprietary SIMPPLE Ecosystem, to create an automated workforce management tool for building maintenance, surveillance and cleaning comprised of a mix of software and hardware solutions such as robotics (both cleaning and security) and Internet-of-Things (“IoT”) devices. 

    For more information on SIMPPLE, please visit: https://www.simpple.ai

    Safe Harbor Statement

    This press release contains forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Such forward-looking statements relate to future events or our future performance, including: our financial performance and projections; our growth in revenue and earnings; and our business prospects and opportunities. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as “may,” “should,” “expects,” “anticipates,” “contemplates,” “estimates,” “believes,” “plans,” “projected,” “predicts,” “potential,” or “hopes” or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including: our ability to change the direction of the Company; our ability to keep pace with new technology and changing market needs; and the competitive environment of our business. These and other factors may cause our actual results to differ materially from any forward-looking statement.

    Forward-looking statements are only predictions. The forward-looking events discussed in this press release and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties, and assumptions about us. We are not obligated to publicly update or revise any forward-looking statement, whether as a result of uncertainties and assumptions, the forward-looking events discussed in this press release and other statements made from time to time by us or our representatives might not occur.

    The MIL Network

  • MIL-OSI USA: SPC Severe Thunderstorm Watch 541

    Source: US National Oceanic and Atmospheric Administration

    Note:  The expiration time in the watch graphic is amended if the watch is replaced, cancelled or extended.Note: Click for Watch Status Reports.
    SEL1

    URGENT – IMMEDIATE BROADCAST REQUESTED
    Severe Thunderstorm Watch Number 541
    NWS Storm Prediction Center Norman OK
    705 PM EDT Thu Jul 24 2025

    The NWS Storm Prediction Center has issued a

    * Severe Thunderstorm Watch for portions of
    Southeast Lower Michigan
    Far Northwest Ohio
    Lake Erie

    * Effective this Thursday night from 705 PM until Midnight EDT.

    * Primary threats include…
    Isolated damaging wind gusts to 65 mph possible

    SUMMARY…A line of strong to occasionally severe thunderstorms is
    moving eastward across central Lower MI, near the MI/IN/IL border
    intersection. This line is expected to continue eastward into the
    warm, moist, and strongly unstable airmass downstream across
    southeast Lower MI and adjacent far northwest OH. Strong to severe
    gusts will be possible with this line. Additional more cellular
    development is possible ahead of this line, which could also pose a
    risk for damaging water-loaded downbursts.

    The severe thunderstorm watch area is approximately along and 40
    statute miles east and west of a line from 15 miles west northwest
    of Mount Clemens MI to 10 miles south southwest of Toledo OH. For a
    complete depiction of the watch see the associated watch outline
    update (WOUS64 KWNS WOU1).

    PRECAUTIONARY/PREPAREDNESS ACTIONS…

    REMEMBER…A Severe Thunderstorm Watch means conditions are
    favorable for severe thunderstorms in and close to the watch area.
    Persons in these areas should be on the lookout for threatening
    weather conditions and listen for later statements and possible
    warnings. Severe thunderstorms can and occasionally do produce
    tornadoes.

    &&

    OTHER WATCH INFORMATION…CONTINUE…WW 540…

    AVIATION…A few severe thunderstorms with hail surface and aloft to
    1 inch. Extreme turbulence and surface wind gusts to 55 knots. A few
    cumulonimbi with maximum tops to 500. Mean storm motion vector
    24035.

    …Mosier

    SEL1

    URGENT – IMMEDIATE BROADCAST REQUESTED
    Severe Thunderstorm Watch Number 541
    NWS Storm Prediction Center Norman OK
    705 PM EDT Thu Jul 24 2025

    The NWS Storm Prediction Center has issued a

    * Severe Thunderstorm Watch for portions of
    Southeast Lower Michigan
    Far Northwest Ohio
    Lake Erie

    * Effective this Thursday night from 705 PM until Midnight EDT.

    * Primary threats include…
    Isolated damaging wind gusts to 65 mph possible

    SUMMARY…A line of strong to occasionally severe thunderstorms is
    moving eastward across central Lower MI, near the MI/IN/IL border
    intersection. This line is expected to continue eastward into the
    warm, moist, and strongly unstable airmass downstream across
    southeast Lower MI and adjacent far northwest OH. Strong to severe
    gusts will be possible with this line. Additional more cellular
    development is possible ahead of this line, which could also pose a
    risk for damaging water-loaded downbursts.

    The severe thunderstorm watch area is approximately along and 40
    statute miles east and west of a line from 15 miles west northwest
    of Mount Clemens MI to 10 miles south southwest of Toledo OH. For a
    complete depiction of the watch see the associated watch outline
    update (WOUS64 KWNS WOU1).

    PRECAUTIONARY/PREPAREDNESS ACTIONS…

    REMEMBER…A Severe Thunderstorm Watch means conditions are
    favorable for severe thunderstorms in and close to the watch area.
    Persons in these areas should be on the lookout for threatening
    weather conditions and listen for later statements and possible
    warnings. Severe thunderstorms can and occasionally do produce
    tornadoes.

    &&

    OTHER WATCH INFORMATION…CONTINUE…WW 540…

    AVIATION…A few severe thunderstorms with hail surface and aloft to
    1 inch. Extreme turbulence and surface wind gusts to 55 knots. A few
    cumulonimbi with maximum tops to 500. Mean storm motion vector
    24035.

    …Mosier

    Note: The Aviation Watch (SAW) product is an approximation to the watch area. The actual watch is depicted by the shaded areas.
    SAW1
    WW 541 SEVERE TSTM MI OH LE 242305Z – 250400Z
    AXIS..40 STATUTE MILES EAST AND WEST OF LINE..
    15WNW MTC/MOUNT CLEMENS MI/ – 10SSW TOL/TOLEDO OH/
    ..AVIATION COORDS.. 35NM E/W /31NNE DXO – 51SSW DXO/
    HAIL SURFACE AND ALOFT..1 INCH. WIND GUSTS..55 KNOTS.
    MAX TOPS TO 500. MEAN STORM MOTION VECTOR 24035.

    LAT…LON 42688232 41448310 41448465 42688389

    THIS IS AN APPROXIMATION TO THE WATCH AREA. FOR A
    COMPLETE DEPICTION OF THE WATCH SEE WOUS64 KWNS
    FOR WOU1.

    Watch 541 Status Report Message has not been issued yet.

    Note:  Click for Complete Product Text.Tornadoes

    Probability of 2 or more tornadoes

    Low (

    MIL OSI USA News

  • MIL-OSI China: 9 Chinese cities accredited as int’l wetland cities

    Source: People’s Republic of China – State Council News

    VICTORIA FALLS, Zimbabwe, July 24 — A total of nine Chinese cities were accredited as international wetland cities on Thursday during the opening of the 15th Meeting of the Conference of the Contracting Parties to the Ramsar Convention on Wetlands (COP15) held in Zimbabwe’s resort city of Victoria Falls, bringing the total number of such cities in China to 22, the highest in the world.

    The nine newly accredited cities are Chongming in Shanghai, Dali in Yunnan Province, Fuzhou in Fujian Province, Hangzhou in Zhejiang Province, Jiujiang in Jiangxi Province, Lhasa in the Xizang Autonomous Region, Suzhou in Jiangsu Province, Wenzhou in Zhejiang Province, and Yueyang in Hunan Province.

    Johane Chenjekwa, mayor of Kasane in Botswana, commended China for promoting wetland conservation, noting that Africa can benefit from cooperation with China in wetland management.

    “We will see, as we interact, what we can learn from them. They are also willing to learn from how we do things here, so it’s really a (great) experience to be mingling (together),” he said.

    Chenjekwa added that as the world faces the common challenge of wetland degradation, joint efforts with China can help tackle its impacts.

    In his opening remarks, Jay Aldous, deputy secretary-general of the Convention on Wetlands, noted that while urbanization brings tangible development progress, there is a need to ensure that it does not interfere with wetland preservation.

    “Unplanned or poorly managed urban expansion has emerged as a global concern, contributing to the degradation of wetlands, loss of biodiversity, disruption of ecological balance, rising greenhouse gas emissions, worsening air and water pollution, and escalating the impacts of climate change,” he said.

    In response to these challenges and recognizing the pivotal role of cities and urban wetlands, the Convention on Wetlands launched the Wetland City Accreditation scheme to encourage the protection of urban wetlands and their integration into sustainable urban planning, Aldous said.

    “By embracing the convention’s principles of wise use, cities can harness the ecological, social, and economic benefits that wetlands provide, including climate adaptation and mitigation, flood regulation, cultural value, and improved human well-being,” he said.

    Held under the theme of “Protecting Wetlands for our Common Future”, the COP15, which will conclude on July 31, has brought together contracting parties to strengthen international commitments to wetland protection.

    MIL OSI China News

  • MIL-OSI Asia-Pac: Foreign Minister Lin and Paraguayan President Peña hold meeting, reaffirming rock-solid diplomatic ties

    Source: Republic of China Taiwan

    July 15, 2025  No. 245
    Minister of Foreign Affairs Lin Chia-lung met with President Santiago Peña on July 14 while leading a delegation to the Republic of Paraguay. During their meeting, Minister Lin delivered greetings and best wishes from President Lai Ching-te and conveyed sincere friendship to the government and people of Paraguay on behalf of the government and people of Taiwan.
     
    Welcoming Minister Lin’s delegation, President Peña communicated his highest regards to President Lai and reaffirmed the rock-solid diplomatic relations between Taiwan and Paraguay. Acknowledging the fraternal bond between the two countries, the president said that many years of cooperation had yielded diverse and fruitful results in a host of areas. He said that looking ahead, Paraguay would remain undaunted by foreign pressure and threats and continue to work hand in hand with Taiwan so as to move forward together.
     
    In his remarks, Minister Lin thanked President Peña for mentioning Taiwan first among Paraguay’s diplomatic allies during his inauguration speech in August 2023, which he said reflected the significance of Taiwan-Paraguay ties. He said that his visit to Paraguay was being undertaken to celebrate the 68th anniversary of diplomatic relations between the two nations and to lead a delegation of representatives from the semiconductor, ICT, technology, construction, smart agriculture, high-performance textile, green energy, furniture, and food processing industries—sectors with high potential for collaboration with their Paraguayan counterparts. He noted that a number of representatives had already decided to invest in factories in the Taiwan-Paraguay Smart Technology Park so as to develop business opportunities and create win-win outcomes. 
     
    Minister Lin also pointed out that Taiwan’s active promotion of the Diplomatic Allies Prosperity Project in Paraguay included such flagship initiatives as the Taiwan-Paraguay Polytechnic University, the Taiwan-Paraguay Smart Technology Park, an electric bus pilot program, and the development of a health information system (HIS) through the Health Information Management Efficiency Enhancement Project, as well as the planning and implementation of sovereign AI, 5G clean network, and HIS 2.0 programs. He said that these initiatives aimed to help Paraguay develop the technology sector and implement digital transformation, and exemplified the results of bilateral cooperation guided by the mindset that “Taiwan can help, Paraguay can lead.”
     
    President Peña and Minister Lin also attended the Paraguay-Taiwan Investment Opportunities Forum together. Speaking at the event, President Peña underlined the long-standing and solid diplomatic relations between Taiwan and Paraguay. He stated that Paraguay’s firm support for Taiwan over the past 68 years had been based on such shared values as freedom, democracy, and people’s right to self-determination, adding that this would not change for any economic interests or pressure. He said that helping Taiwan maintain its international presence was an important extension of Paraguay’s own legacy and sense of national dignity.
     
    President Peña went on to say that Paraguay’s economy was advancing steadily and that his country boasted an exceptional investment environment. He said he hoped that Taiwanese businesses would gain an in-depth understanding of Paraguay’s development potential and seize investment opportunities.
     
    Taiwan and Paraguay enjoy cordial and strong diplomatic relations. The two countries will continue to deepen their collaboration in education, technology, energy, agriculture, public health, infrastructure, and other fields so as to jointly expand progress and mutual prosperity. (E)

    MIL OSI Asia Pacific News

  • MIL-OSI: Bel Reports Second Quarter and First Half 2025 Results

    Source: GlobeNewswire (MIL-OSI)

    WEST ORANGE, N.J., July 24, 2025 (GLOBE NEWSWIRE) — Bel Fuse Inc. (Nasdaq: BELFA and BELFB) today announced preliminary financial results for the second quarter and first half of 2025.

    Second Quarter 2025 Highlights

    • Net sales of $168.3 million compared to $133.2 million in Q2-24. Up 26.3% from Q2-24
    • Gross profit margin of 38.7%, compared to 40.1% in Q2-24
    • GAAP net earnings attributable to Bel shareholders of $26.9 million versus GAAP net earnings attributable to Bel shareholders of $18.8 million in Q2-24
    • Adjusted EBITDA of $35.2 million (20.9% of sales) as compared to $27.7 million (20.8% of sales) in Q2-24
    • Gain of $4.1 million on Sale of Glen Rock, PA building

    “We are pleased with our second quarter results, which exceeded expectations due to improved on-time shipments and enhanced intraquarter turns, reinforcing our thesis of growth for the year,” said Farouq Tuweiq, President and CEO. “Gross margins aligned with guidance, reflecting operational stability. Strength was evident in defense and commercial aerospace applications, alongside a rebound in networking and distribution sales in certain segments, signaling recovery after nearly two years of inventory destocking.

    “Tariffs minimally impacted performance, resulting in only $2.2 million of low-margin sales during the second quarter. We believe our ability to achieve solid results in uncertain times validates our strategic approach. For Q3, based on information available today, we anticipate net sales of $165-$180 million and gross margins of 37%-39%, driven by strong Q2 bookings and sequential growth expected in the second half.”

    “We remain optimistic about delivering value to our customers and shareholders as we navigate the evolving market dynamics,” concluded Mr. Tuweiq.

    Non-GAAP financial measures, such as Non-GAAP net earnings attributable to Bel shareholders, Non-GAAP EPS, Non-GAAP Operating Income and Adjusted EBITDA, adjust corresponding GAAP measures for provision for income taxes, other income/expense, net, interest income/expense, and depreciation and amortization, and also exclude, where applicable for the covered period presented in the financial statements, certain unusual or special items identified by management such as restructuring charges, gains/losses on sales of businesses and properties, acquisition related costs, impairment charges, noncontrolling interest (“NCI”) adjustments from fair value to redemption value, and certain litigation costsIn addition, in the fourth quarter of 2024, we modified our presentation of Non-GAAP financial measures, including revising our definitions of Adjusted EBITDA and Non-GAAP EPS, to additionally exclude from these Non-GAAP measures (i) stock-based compensation, (ii) amortization of intangibles (which primarily relates to the amortization of finite-lived customer relationships and technology associated with the Company’s historical acquisitions, including those associated with the recent acquisition of Enercon), and (iii) unrealized foreign currency exchange (gains) losses. We believe this change enhances investor insight into our operational performance. We have applied this modified definition of Adjusted EBITDA and Non-GAAP EPS to all periods presentedPlease refer to the financial information included with this press release for reconciliations of GAAP financial measures to Non-GAAP financial measures and our explanation of why we present Non-GAAP financial measures.

    Conference Call
    Bel has scheduled a conference call for 8:30 a.m. ET on Friday, July 25, 2025 to discuss these results. To participate in the conference call, investors should dial 877-407-0784, or 201-689-8560 if dialing internationally. The presentation will additionally be broadcast live over the Internet and will be available at https://ir.belfuse.com/events-and-presentations. The webcast will be available via replay for a period of at least 30 days at this same Internet address. For those unable to access the live call, a telephone replay will be available at 844-512-2921, or 412-317-6671 if dialing internationally, using access code 13754675 after 12:30 pm ET, also for 30 days.

    About Bel
    Bel (www.belfuse.com) designs, manufactures and markets a broad array of products that power, protect and connect electronic circuits. These products are primarily used in the networking, telecommunications, computing, general industrial, high-speed data transmission, defense, commercial aerospace, transportation and eMobility industries. Bel’s portfolio of products also finds application in the automotive, medical, broadcasting and consumer electronics markets. Bel’s product groups include Power Solutions and Protection (front-end, board-mount and industrial power products, module products and circuit protection), Connectivity Solutions (expanded beam fiber optic, copper-based, RF and RJ connectors and cable assemblies), and Magnetic Solutions (integrated connector modules, power transformers, power inductors and discrete components). The Company operates facilities around the world.

    Company Contact:
    Lynn Hutkin
    Chief Financial Officer
    ir@belf.com

    Investor Contact:
    Three Part Advisors
    Jean Marie Young, Managing Director or Steven Hooser, Partner
    631-418-4339
    jyoung@threepa.com; shooser@threepa.com

    Cautionary Language Concerning Forward-Looking Statements
    This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, our guidance for the third quarter of 2025; our statements regarding our expectations for future periods generally including anticipated financial performance, projections and trends for the remainder of the 2025 year ahead and other future periods; our statements regarding future events, performance, plans, intentions, beliefs, expectations and estimates, including statements regarding matters such as trends and expectations as to our sales, volumes, gross margin, products, product groups, customers, geographies and end markets; statements about uncertainty of the evolving tariff landscape, associated difficulties in forecasting, the Company’s estimates concerning Bel’s global sales and recently imposed tariffs, and the Company’s intention to continue to monitor the tariff landscape and assess potential alternatives; statements about anticipated continued strength in certain end markets, and views on the effects on the Company’s overall future performance; and statements regarding our expectations and beliefs regarding trends in the Company’s business and industry and the markets in which Bel operates, and about broader market trends and the macroeconomic environment generally, and other statements regarding the Company’s positioning, its strategies, future progress, investments, plans, targets, goals, and other focuses and initiatives, and the expected timing and potential benefits thereof. These forward-looking statements are made as of the date of this release and are based on current expectations, estimates, forecasts and projections as well as the beliefs and assumptions of management. Words such as “expect,” “anticipate,” “should,” “believe,” “hope,” “target,” “project,” “forecast,” “outlook,” “goals,” “estimate,” “potential,” “predict,” “may,” “will,” “might,” “could,” “intend,” variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond Bel’s control. Bel’s actual results could differ materially from those stated or implied in our forward-looking statements (including without limitation any of Bel’s projections) due to a number of factors, including but not limited to, difficulties associated with integrating previously acquired companies, including any unanticipated difficulties, or unexpected or higher than anticipated expenditures, relating to Bel’s November 2024 acquisition of Enercon, and including, without limitation, the risk that Bel is unable to integrate the Enercon business successfully or difficulties that result in the failure to realize the expected benefits and synergies within the expected time period (if at all); the possibility that the Bel’s intended acquisition of the remaining 20% stake in Enercon is not completed in accordance with the shareholders agreement as contemplated for any reason, and any resulting disruptions to Bel’s business and its currently 80% owned Enercon subsidiary as a result thereof; trends in demand which can affect Bel’s products and results, including that demand in Enercon’s end markets can be cyclical, impacting the demand for Enercon’s products, which could be materially adversely affected by reductions in defense spending; the market concerns facing Bel’s customers, and risks for the Company’s business in the event of the loss of certain substantial customers; the continuing viability of sectors that rely on Bel’s products; the effects of business and economic conditions, and challenges impacting the macroeconomic environment generally and/or Bel’s industry in particular; the effects of rising input costs, and cost changes generally, including the potential impact of inflationary pressures; capacity and supply constraints or difficulties, including supply chain constraints or other challenges; the impact of public health crises; difficulties associated with the availability of labor, and the risks of any labor unrest or labor shortages; risks associated with Bel’s international operations, including Bel’s substantial manufacturing operations in China, and following Bel’s November 2024 acquisition of Enercon , risks associated with operations in Israel, which may be adversely affected by political or economic instability, major hostilities or acts of terrorism in the region; risks associated with restructuring programs or other strategic initiatives, including any difficulties in implementation or realization of the expected benefits or cost savings; product development, commercialization or technological difficulties; the regulatory and trade environment including the potential effects of the imposition or modification of new or increased tariffs either by the U.S. government on foreign foreign imports or by a foreign government on U.S. exports related to the countries in which Bel transacts business and trade restrictions that may impact Bel, its customers and/or its suppliers, and risks associated with the evolving trade environment, trade restrictions, and changes in trade agreements, and general uncertainty about future changes in trade and tariff policy and the associated impacts of those changes; risks associated with fluctuations in foreign currency exchange rates and interest rates; uncertainties associated with legal proceedings; the market’s acceptance of the Company’s new products and competitive responses to those new products; the impact of changes to U.S. and applicable foreign legal and regulatory requirements, including tax laws; and the risks detailed in Bel’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024 and in subsequent reports filed by Bel with the Securities and Exchange Commission, as well as other documents that may be filed by Bel from time to time with the Securities and Exchange Commission. In light of the risks and uncertainties impacting Bel’s business, there can be no assurance that any forward-looking statement will in fact prove to be correct. Past performance is not necessarily indicative of future results. The forward-looking statements included in this press release represent Bel’s views as of the date of this press release. Bel anticipates that subsequent events and developments will cause its views to change. Bel undertakes no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. These forward-looking statements should not be relied upon as representing Bel’s views as of any date subsequent to the date of this press release.

    Non-GAAP Financial Measures
    The Non-GAAP financial measures identified in this press release as well as in the supplementary information to this press release (Non-GAAP net earnings attributable to Bel shareholders, Non-GAAP EPS, Non-GAAP Operating Income and Adjusted EBITDA) are not measures of performance under accounting principles generally accepted in the United States of America (“GAAP”). These measures should not be considered a substitute for, and the reader should also consider, income from operations, net earnings, earnings per share and other measures of performance as defined by GAAP as indicators of our performance or profitability. Our non-GAAP measures may not be comparable to other similarly-titled captions of other companies due to differences in the method of calculation. We present results adjusted to exclude the effects of certain unusual or special items and their related tax impact that would otherwise be included under U.S. GAAP, to aid in comparisons with other periods. We believe that these non-GAAP measures of financial results provide useful information to management and investors regarding certain financial and business trends relating to our financial condition and results of operations. We use these non-GAAP measures to compare the Company’s performance to that of prior periods for trend analysis and for budgeting and planning purposes. We also believe that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating ongoing operating results and trends and in comparing the Company’s financial measures with other similarly situated companies in our industry, many of which present similar non-GAAP financial measures to investors. We also use non-GAAP measures in determining incentive compensation. For additional information about our use of non-GAAP financial measures in connection with our Incentive Compensation Program, please see the Executive Compensation Discussion and Analysis (CD&A) section appearing in our Definitive Proxy Statement filed with the Securities and Exchange Commission on April 11, 2025.

    Website Information
    We routinely post important information for investors on our website, www.belfuse.com, in the “Investor Relations” section. We use our website as a means of disclosing material, otherwise non-public information and for complying with our disclosure obligations under Regulation FD. Accordingly, investors should monitor the Investor Relations section of our website, in addition to following our press releases, Securities and Exchange Commission (SEC) filings, public conference calls, presentations and webcasts. The information contained on, or that may be accessed through, our website is not incorporated by reference into, and is not a part of, this document.

    [Financial tables follow]

     
    Bel Fuse Inc.
    Supplementary Information(1)
    Condensed Consolidated Statements of Operations
    (in thousands, except per share amounts)
    (unaudited)
     
        Three Months Ended     Six Months Ended  
        June 30,     June 30,  
        2025     2024     2025     2024  
                                     
    Net sales   $ 168,299     $ 133,205     $ 320,537     $ 261,295  
    Cost of sales     103,216       79,809       196,635       159,821  
    Gross profit     65,083       53,396       123,902       101,474  
    As a % of net sales     38.7 %     40.1 %     38.7 %     38.8 %
                                     
    Research and development costs     8,104       5,994       15,326       11,209  
    Selling, general and administrative expenses     30,914       24,141       60,421       49,085  
    As a % of net sales     18.4 %     18.1 %     18.8 %     18.8 %
    Restructuring charges     280       638       (2,653 )     703  
    Gain on sale of property     (4,075 )           (4,075 )      
    Income from operations     29,860       22,623       54,883       40,477  
    As a % of net sales     17.7 %     17.0 %     17.1 %     15.5 %
                                     
    Interest expense     (3,993 )     (415 )     (8,145 )     (849 )
    Interest income     264       1,146       539       2,261  
    Other income (expense), net     7,568       (471 )     10,207       1,346  
    Earnings before income taxes     33,699       22,883       57,484       43,235  
                                     
    Provision for income taxes     6,906       4,077       12,369       8,555  
    Effective tax rate     20.5 %     17.8 %     21.5 %     19.8 %
    Net earnings   $ 26,793     $ 18,806     $ 45,115     $ 34,680  
    As a % of net sales     15.9 %     14.1 %     14.1 %     13.3 %
                                     
    Less: Net earnings attributable to noncontrolling interest     822             1,660        
    Redemption value adjustment attributable to noncontrolling interest     (890 )           (1,280 )      
    Net earnings attributable to Bel Fuse Shareholders   $ 26,861     $ 18,806     $ 44,735     $ 34,680  
                                     
    Weighted average number of shares outstanding:                                
    Class A common shares – basic and diluted     2,115       2,124       2,115       2,131  
    Class B common shares – basic and diluted     10,551       10,492       10,504       10,551  
                                     
    Net earnings per common share:                                
    Class A common shares – basic and diluted   $ 2.03     $ 1.43     $ 3.39     $ 2.61  
    Class B common shares – basic and diluted   $ 2.14     $ 1.50     $ 3.58     $ 2.76  
     
    (1) The supplementary information included in this press release for 2025 is preliminary and subject to change prior to the filing of our upcoming Quarterly Report on Form 10-Q with the Securities and Exchange Commission.
    Bel Fuse Inc.
    Supplementary Information(1)
    Condensed Consolidated Balance Sheets
    (in thousands, unaudited)
     
        June 30, 2025     December 31, 2024  
    Assets                
    Current assets:                
    Cash and cash equivalents   $ 59,284     $ 68,253  
    Held to maturity U.S. Treasury securities           950  
    Accounts receivable, net     121,241       111,376  
    Inventories     164,648       161,370  
    Other current assets     33,442       31,581  
    Total current assets     378,615       373,530  
    Property, plant and equipment, net     48,704       47,879  
    Right-of-use assets     23,930       25,125  
    Related-party note receivable     3,715       2,937  
    Equity method investment     10,284       9,265  
    Goodwill and other intangible assets, net     436,292       439,984  
    Other assets     49,040       51,069  
    Total assets   $ 950,580     $ 949,789  
                     
    Total liabilities, redeemable noncontrolling interests and stockholders’ equity                
    Current liabilities:                
    Accounts payable   $ 53,685     $ 49,182  
    Operating lease liability, current     8,688       7,954  
    Other current liabilities     61,709       70,933  
    Total current liabilities     124,082       128,069  
    Long-term debt     250,000       287,500  
    Operating lease liability, long-term     16,387       17,763  
    Other liabilities     74,402       75,295  
    Total liabilities     464,871       508,627  
    Redeemable noncontrolling interests     80,966       80,586  
    Stockholders’ equity     404,743       360,576  
    Total liabilities, redeemable noncontrolling interests and stockholders’ equity   $ 950,580     $ 949,789  
     
    (1) The supplementary information included in this press release for 2025 is preliminary and subject to change prior to the filing of our upcoming Quarterly Report on Form 10-Q with the Securities and Exchange Commission.
    Bel Fuse Inc.
    Supplementary Information(1)
    Condensed Consolidated Statements of Cash Flows
    (in thousands, unaudited)
     
        Six Months Ended  
        June 30,  
        2025     2024  
                     
    Cash flows from operating activities:                
    Net earnings   $ 45,115     $ 34,680  
    Adjustments to reconcile net earnings to net cash provided by operating activities:                
    Depreciation and amortization     13,284       7,123  
    Stock-based compensation     2,900       1,775  
    Amortization of deferred financing costs     692       27  
    Deferred income taxes     (861 )     (2,930 )
    Net unrealized gains on foreign currency revaluation     (12,913 )     (355 )
    Gain on sale of property     (4,075 )      
    Other, net     1,595       652  
    Changes in operating assets and liabilities:                
    Accounts receivable, net     (8,203 )     2,805  
    Unbilled receivables     (1,400 )     6,887  
    Inventories     (122 )     7,972  
    Accounts payable     3,511       (4,026 )
    Accrued expenses     (8,641 )     (14,147 )
    Accrued restructuring costs     (5,075 )     (1,553 )
    Income taxes payable     2,143       4,517  
    Other operating assets/liabilities, net     914       (5,083 )
    Net cash provided by operating activities     28,864       38,344  
                     
    Cash flows from investing activities:                
    Purchases of property, plant and equipment     (6,718 )     (4,278 )
    Purchases of held to maturity U.S. Treasury securities           (122,345 )
    Proceeds from held to maturity securities     950       101,071  
    Investment in related party notes receivable     (778 )     (633 )
    Proceeds from sale of property, plant and equipment     4,867       229  
    Net cash used in investing activities     (1,679 )     (25,956 )
                     
    Cash flows from financing activities:                
    Dividends paid to common stockholders     (1,660 )     (1,674 )
    Deferred financing costs     (681 )      
    Repayments of long-term debt     (42,500 )      
    Proceeds of long-term debt     5,000        
    Purchases of common stock           (14,175 )
    Net cash used in financing activities     (39,841 )     (15,849 )
                     
    Effect of exchange rate changes on cash and cash equivalents     3,687       (934 )
                     
    Net decrease in cash and cash equivalents     (8,969 )     (4,395 )
    Cash and cash equivalents – beginning of period     68,253       89,371  
    Cash and cash equivalents – end of period   $ 59,284     $ 84,976  
                     
                     
    Supplementary information:                
    Cash paid during the period for:                
    Income taxes, net of refunds received   $ 11,422     $ 8,277  
    Interest payments   $ 8,188     $ 1,985  
    ROU assets obtained in exchange for lease obligations   $ 1,502     $ 4,239  
     
    (1) The supplementary information included in this press release for 2025 is preliminary and subject to change prior to the filing of our upcoming Quarterly Report on Form 10-Q with the Securities and Exchange Commission.
    Bel Fuse Inc.
    Supplementary Information(1)
    Product Group Highlights
    (dollars in thousands, unaudited)
     
        Sales     Gross Margin  
        Q2-25     Q2-24     % Change     Q2-25     Q2-24     Basis Point Change  
    Power Solutions and Protection   $ 86,799     $ 58,551       48.2 %     41.9 %     45.7 %     (380 )
    Connectivity Solutions     59,202       57,822       2.4 %     39.2 %     38.9 %     30  
    Magnetic Solutions     22,298       16,832       32.5 %     28.7 %     26.4 %     230  
    Total   $ 168,299     $ 133,205       26.3 %     38.7 %     40.1 %     (140 )
        Sales     Gross Margin  
        YTD June 2025     YTD June 2024     % Change     YTD June 2025     YTD June 2024     Basis Point Change  
    Power Solutions and Protection   $ 169,853       118,798       43.0 %     42.2 %     44.8 %     (260 )
    Connectivity Solutions     109,932       112,107       -1.9 %     38.6 %     37.6 %     100  
    Magnetic Solutions     40,752       30,390       34.1 %     26.9 %     21.8 %     510  
    Total   $ 320,537     $ 261,295       22.7 %     38.7 %     38.8 %     (10 )
     
    (1) The supplementary information included in this press release for 2025 is preliminary and subject to change prior to the filing of our upcoming Quarterly Report on Form 10-Q with the Securities and Exchange Commission.
    Bel Fuse Inc.
    Supplementary Information(1)
    Reconciliation of GAAP Net Earnings to Non-GAAP Operating Income and Adjusted EBITDA(2)(3)
    (in thousands, unaudited)
     
        Three Months Ended     Six Months Ended  
        June 30,     June 30,  
        2025     2024     2025     2024  
                                     
    GAAP Net earnings   $ 26,793     $ 18,806     $ 45,115     $ 34,680  
    Provision for income taxes     6,906       4,077       12,369       8,555  
    Other income/expense, net     (7,568 )     471       (10,207 )     (1,346 )
    Interest income     (264 )     (1,146 )     (539 )     (2,261 )
    Interest expense     3,993       415       8,145       849  
    GAAP Operating Income   $ 29,860     $ 22,623     $ 54,883     $ 40,477  
    Restructuring charges     280       638       (2,653 )     703  
    Amortization of inventory step-up     799             1,757        
    Gain on sale of property     (4,075 )           (4,075 )      
    Stock-based compensation     1,721       971       2,900       1,775  
    Non-GAAP Operating Income   $ 28,585     $ 24,232     $ 52,812     $ 42,955  
    Depreciation and amortization     6,600       3,439       13,284       7,123  
    Adjusted EBITDA   $ 35,185     $ 27,671     $ 66,096     $ 50,078  
    % of net sales     20.9 %     20.8 %     20.6 %     19.2 %
                                     
    (1) The supplementary information included in this press release for 2025 is preliminary and subject to change prior to the filing of our upcoming Quarterly Report on Form 10-Q with the Securities and Exchange Commission.
    (2) In this press release and supplemental information, we have included Non-GAAP financial measures, including Non-GAAP net earnings attributable to Bel shareholders, Non-GAAP EPS, Non-GAAP Operating Income and Adjusted EBITDA. We present results adjusted to exclude the effects of certain specified items and their related tax impact that would otherwise be included under GAAP, to aid in comparisons with other periods. We believe that these non-GAAP measures of financial results provide useful information to management and investors regarding certain financial and business trends relating to our financial condition and results of operations. We use these non-GAAP measures to compare the Company’s performance to that of prior periods for trend analysis and for budgeting and planning purposes. We also believe that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating ongoing operating results and trends and in comparing the Company’s financial measures with other similarly situated companies in our industry, many of which present similar non-GAAP financial measures to investors. We also use non-GAAP measures in determining incentive compensation. See the section above captioned “Non-GAAP Financial Measures” for additional information.
    (3) In the fourth quarter of 2024, we modified our presentation of Non-GAAP financial measures, including revising our definitions of Adjusted EBITDA and Non-GAAP EPS, to additionally exclude from these Non-GAAP measures (i) stock-based compensation, (ii) amortization of intangibles (which primarily relates to the amortization of finite-lived customer relationships and technology associated with the Company’s historical acquisitions, including those associated with the recent acquisition of Enercon), and (iii) unrealized foreign currency exchange (gains) losses. We believe this change enhances investor insight into our operational performance. We have applied this modified definition of Adjusted EBITDA and Non-GAAP EPS to all periods presented.
    Bel Fuse Inc.
    Supplementary Information(1)
    Reconciliation of GAAP Measures to Non-GAAP Measures(2)(4)
    (in thousands, except per share data) (unaudited)
     
    The following tables detail the impact that certain unusual or special items had on the Company’s net earnings per common Class A and Class B basic and diluted shares (“EPS”) and the line items in which these items were included on the consolidated statements of operations.
     
        Three Months Ended June 30, 2025     Three Months Ended June 30, 2024  
    Reconciling Items   Earnings before taxes     Provision for income taxes     Net Earnings Attributable to Bel Fuse Shareholders     Class A EPS(3)     Class B EPS(3)     Earnings before taxes     Provision for income taxes     Net Earnings Attributable to Bel Fuse Shareholders     Class A EPS(3)     Class B EPS(3)  
                                                                                     
    GAAP measures   $ 33,699     $ 6,906     $ 26,861     $ 2.03     $ 2.14     $ 22,883     $ 4,077     $ 18,806     $ 1.43     $ 1.50  
    Restructuring charges     280       48       232       0.02       0.02       638       153       485       0.04       0.04  
    Redemption value adjustment on redeemable NCI                 (890 )     (0.07 )     (0.07 )                              
    Amortization of inventory step-up     799       184       615       0.05       0.05                                
    Gain on sale of property     (4,075 )     (937 )     (3,138 )     (0.24 )     (0.25 )                              
    Stock-based compensation     1,721       354       1,367       0.10       0.11       972       200       772       0.06       0.06  
    Amortization of intangibles     3,697       647       3,050       0.23       0.24       1,148       239       909       0.07       0.07  
    Unrealized foreign currency exchange (gains) losses     (9,250 )     (2,127 )     (7,123 )     (0.54 )     (0.57 )     370       80       290       0.02       0.02  
    Non-GAAP measures   $ 26,871     $ 5,075     $ 20,974     $ 1.58     $ 1.67     $ 26,011     $ 4,749     $ 21,262     $ 1.61     $ 1.70  
        Six Months Ended June 30, 2025     Six Months Ended June 30, 2024  
    Reconciling Items   Earnings before taxes     Provision for income taxes     Net Earnings Attributable to Bel Fuse Shareholders     Class A EPS(3)     Class B EPS(3)     Earnings before taxes     Provision for income taxes     Net Earnings Attributable to Bel Fuse Shareholders     Class A EPS(3)     Class B EPS(3)  
                                                                                     
    GAAP measures   $ 57,484     $ 12,369     $ 44,735     $ 3.39     $ 3.58     $ 43,235     $ 8,555     $ 34,680     $ 2.61     $ 2.76  
    Restructuring charges     (2,653 )     (323 )     (2,330 )     (0.18 )     (0.19 )     703       163       540       0.04       0.04  
    Redemption value adjustment on redeemable NCI                 (1,280 )     (0.10 )     (0.10 )                              
    Amortization of inventory step-up     1,757       404       1,353       0.10       0.11                                
    Gain on sale of property     (4,075 )     (937 )     (3,138 )     (0.24 )     (0.25 )                              
    Stock-based compensation     2,900       597       2,303       0.18       0.18       1,776       366       1,410       0.11       0.11  
    Amortization of intangibles     7,383       1,295       6,088       0.46       0.49       2,542       503       2,039       0.15       0.16  
    Unrealized foreign currency exchange (gains) losses     (12,913 )     (2,995 )     (9,918 )     (0.75 )     (0.79 )     (529 )     (127 )     (402 )     (0.03 )     (0.03 )
    Non-GAAP measures   $ 49,883     $ 10,410     $ 37,813     $ 2.86     $ 3.02     $ 47,727     $ 9,460     $ 38,267     $ 2.89     $ 3.04  
     
    (1) The supplementary information included in this press release for 2025 is preliminary and subject to change prior to the filing of our upcoming Quarterly Report on Form 10-Q with the Securities and Exchange Commission.
    (2) In this press release and supplemental information, we have included Non-GAAP financial measures, including Non-GAAP net earnings attributable to Bel shareholders, Non-GAAP EPS, Non-GAAP Operating Income and Adjusted EBITDA. We present results adjusted to exclude the effects of certain specified items and their related tax impact that would otherwise be included under GAAP, to aid in comparisons with other periods. We believe that these non-GAAP measures of financial results provide useful information to management and investors regarding certain financial and business trends relating to our financial condition and results of operations. We use these non-GAAP measures to compare the Company’s performance to that of prior periods for trend analysis and for budgeting and planning purposes. We also believe that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating ongoing operating results and trends and in comparing the Company’s financial measures with other similarly situated companies in our industry, many of which present similar non-GAAP financial measures to investors. We also use non-GAAP measures in determining incentive compensation. See the section above captioned “Non-GAAP Financial Measures” for additional information.
    (3) Individual amounts of earnings per share may not agree to the total due to rounding.
    (4) In the fourth quarter of 2024, we modified our presentation of Non-GAAP financial measures, including revising our definitions of Adjusted EBITDA and Non-GAAP EPS, to additionally exclude from these Non-GAAP measures (i) stock-based compensation, (ii) amortization of intangibles (which primarily relates to the amortization of finite-lived customer relationships and technology associated with the Company’s historical acquisitions, including those associated with the recent acquisition of Enercon), and (iii) unrealized foreign currency exchange (gains) losses. We believe this change enhances investor insight into our operational performance. We have applied this modified definition of Adjusted EBITDA and Non-GAAP EPS to all periods presented.

    The MIL Network

  • MIL-OSI USA: Tuberville Chairs First HELP Subcommittee Hearing

    US Senate News:

    Source: United States Senator for Alabama Tommy Tuberville
    WASHINGTON – Yesterday, U.S. Senator Tommy Tuberville (R-AL) led his first hearing as Chairman of the Health, Education, Labor, and Pensions (HELP) Subcommittee on Education and the American Family with lead advocates for reform in the nation’s educational system. During the hearing, entitled “Empowering Families for Better Educational Results,” witnesses underscored places where the current education system falls short, such as declining literacy rates and the lack of charter schools. Sen. Tuberville emphasized the importance of allowing parents to make choices when it comes to their children’s education and the legislation that will benefit teachers, parents, and children.
    In effort to understand how to improve literacy across the nation, Sen. Tuberville and his Republican colleagues asked the witnesses what policies they believe should be implemented. The witnesses also discussed the preparation and professional development that would empower teachers in the classroom. Finally, Sen. Tuberville asked witnesses about the positive effects that charter schools can have on communities.
    Witnesses included:
    Mr. Tyler Barnett, CEO of New Schools for Alabama
    Ms. Anne Wicks, Don Evans Family Managing Director Opportunity and Democracy George W. Bush Institute
    Ms. Ginny Gentles, Director of Education Freedom and Parental Rights Defense of Freedom Institute
    Mr. Richard Barrera, Board Vice President of San Diego Unified School District
    Read excerpts of the transcript below or watch clips of the hearing on YouTube or Rumble. 
    OPENING STATEMENT:
    TUBERVILLE: “Good afternoon. The Senate Committee on Health Education Labor and Pensions Subcommittee on Education and the American Family will come to order. Thanks for being here. As you can tell, we’re running a little late. It’s a little hectic on the hill today, but we will survive. This afternoon, we’re having a hearing on empowering families for better educational results. Ranking member Blunt Rochester and I will each have an opening statement. The witnesses will have five minutes for their opening statements, and senators will each have five minutes for questions.
    We will obviously have senators coming in and out because [there are] many, many votes today. So, thank you to all the witnesses for being here today. It’s always nice to see a fellow Alabamian here today up here in the swamp. Thanks to Mr. Barnett for coming to visit today. We’ve called this hearing to discuss something very near and dear to my heart. One of the reasons I’m here. I was an educator for decades before I decided to come up here, and over those years, I saw the state of our education system decline. The federal government just kept spending more money and more money in K-12 education, and the more they spent, the worse outcomes became. It was just amazing me to watch it in real time, and it made no sense. It’s the main reason I chose to run for this office.
    I didn’t want to see our kids fail year after year, then I got here and realized that we can fix it, but a lot of things are broken. Four years I’ve been serving here on the HELP Committee, and this year, I finally got this gavel to make sure we could have something like this to where we could bring these things to light. I wanted to focus on our kids’ educational outcomes and figure out where we were failing, and also, where we’re doing good things. That leads us to today.
    That’s why we’re having this hearing.
    We need to take a good, hard look at our K-12 education system and figure out [what we can do] to fix it, to make it better, because the status quo in a lot of areas is not cutting it. That means we need to think outside the box. Since COVID, parents have gotten a lot more engaged and that’s where all the necessary change can start, right at home, family. And, since parents have started paying more attention, they’ve started calling for more and more options.
    Parents across our country are calling for their states to offer more options for their kids outside of failing school systems. States represented by folks on both sides of this dice are working on school choice options in their state legislature. We’ll hear about that issue from our witnesses today. Parents want these options, and we ought to listen to them. In my home state of Alabama last year, we passed the Choose Act, which created an income tax credit for families who choose to enroll their children in private schools or homeschooling.
    Virginia, Florida, Alaska, Massachusetts, New Jersey, Indiana, and Washington are just a few states to name that have implemented or have pending state legislation to create these income tax credits promoting school choice. It’s simple. When we give our parents and students choice, we yield better educational results. We owe our kids this investment. But it doesn’t end there.
    Right now, our kids in a lot of areas can’t read. We have kids entering middle school and high school who aren’t at a third grade reading level. I used to recruit kids. I’d bring them in with 3.5 GPAs. The next thing I know after testing them, they wouldn’t be [at a] sixth grade reading level. Something has got to change with that. States and governors across our country have taken up the literacy challenge and enacted legislation at the state level, where it should be. Ranking member Blunt Rochester’s home state of Delaware passed House Bill 304 that implemented reading assessments three times a school year for kids K-3, and my state passed the Alabama Literacy Act, which does the same thing. And we’re trying. No matter the state, this is a widespread effort, and we will discuss today the methods that are working.
    We’ll talk about the science of reading and how best to implement. In our classrooms, we’ll hear about how we can invest in our teachers, invest to prepare them to tackle this crisis head-on. They need to be set up for success just as much as our students do. I want today to be an opportunity for this committee to have a conversation about what our states are doing, and what [we can] do to support them from here, from the federal level. Our children are the best resource this country has, the best thing we’ve got going.
    And above all, we owe them one thing, an opportunity to succeed. And I look forward to working with all of you towards this common goal. Now, I yield to my ranking member, Senator Blunt Rochester, for her opening statement.”
    […]
    ON HOW THE SUCCESS OF CHARTER SCHOOLS IMPACTS DISTRICT SCHOOLS:
    TUBERVILLE: “Mr. Barnett, we’ve had tremendous growth in the number of students across American enrolling in charter schools. Over four million students to be exact. How does that success of charter schools impact our district public school system?”
    BARNETT: “Thank you, Mr. Chairman. So, there are really two large national studies that speak to this. One comes out of the Progressive Policy Institute, and another comes out of the Forum Institute. Both actually show that the presence of charter schools has, in some way, improved outcomes within district schools. There’s a certain threshold that the Progressive Policy Institute’s study showed somewhere around 30%. So, the presence of charter schools that give up to 30% of students in a given market, the opportunity to enroll has [a] positive net impact on not only charter school performance, but also district performance.”
    […]
    ON THE IMPORTANCE OF PREPARING OUR EDUCATORS TO TEACH THE SCIENCE OF READING METHOD:
    TUBERVILLE: “Ms. Wicks, you talked about teacher preparedness and professional development in your testimony. How important is preparing our educators to teach the science of reading method?”
    WICKS: “Senator, thank you for that important question. It’s critical that we give educators the right preparedness to understand this issue and be able to deploy it in their classrooms. I referenced in my opening remarks that only 25% of educator prep programs are currently teaching the science of reading to their aspiring teachers. And even worse, about 40% of them are teaching the wrong stuff. So, they’re teaching these brand-new teachers the wrong way to teach reading.
    If they’re interested in more—the National Council on Teacher Quality put out that report. They’re the best at studying Teacher Prep programs. And I think this comes down to a matter of state leadership and accreditation.
    They make some recommendations about the importance of setting state standards for what these programs need to be teaching. [We need to] have some way to measure that if it’s through accreditation or others.
    And then to tie the state licensure exams to those standards, to ensure that those candidates have actually learned this and can do it in their classroom. And you see the same thing for sitting teachers who maybe never got this in their training and need that professional development.”
    TUBERVILLE: “Thank you, Ms. Gentles, you know, on both sides of the argument whether President Trump and the Department of Education [is] undermining public school. And because of the work done to expand school choice, do you think there’s a truth to that argument?”
    GENTLES: “Consistently studies show that when states have implemented school choice programs, the nearby public schools have benefited. So increasing competition inspires innovation, and a rising tide lifts all boats. So, we were pleased to see the Executive Order from the President supporting expanding school choice [and] educational freedom, and we’re also pleased to see the Executive Order ordering the Secretary of Education to look into dismantling the Department of Education within […] federal law and with the understanding that the Secretary will be working with Congress on that. Because we do think that […] freeing up states from federal regulations from monitoring, from compliance—all the time that all those bureaucrats at the state and district level are spending on federal paperwork is going to benefit public education. It’s going to benefit public school students. It’s going to benefit public school educators.”
    TUBERVILLE: “Do you think we should give more power back to the states when it [comes to] education?”
    GENTLES: “Absolutely. We need to give power to the states. I think we’ve heard such great news today on what strong state leaders—sensible state leaders—implementing common sense policies are doing. It’s very encouraging to see what’s happening.
    We didn’t mention Louisiana, but Louisiana is a bright spot amidst the 2024 NAEP scores, the only state where fourth grade reading scores exceeded pre-COVID [grades].”
    CASSIDY: “More so than Alabama?”
    GENTLES: “Alabama’s pretty awesome too. It’s been referred to as the southern surge. There’s really good news coming out of the states and encouraging that, fostering that is absolutely the right direction. […] Education policies [are] set at the state level and let’s foster that and let’s get the federal government out of the way.”
    Senator Tommy Tuberville represents Alabama in the United States Senate and is a member of the Senate Armed Services, Agriculture, Veterans’ Affairs, HELP and Aging Committees.

    MIL OSI USA News

  • MIL-OSI Asia-Pac: President Lai meets Somaliland Foreign Minister Abdirahman Dahir Adam  

    Source: Republic of China Taiwan

    Details
    2025-07-22
    President Lai meets cross-party Irish Oireachtas delegation
    On the morning of July 22, President Lai Ching-te met with a cross-party delegation from the Oireachtas (parliament) of Ireland. In remarks, President Lai stated that Taiwan and Ireland are both guardians of the values of freedom and democracy. He indicated that Taiwan will continue to take action and show the world that it is a trustworthy democratic partner that can contribute to the international community, saying that we look forward to building an even closer partnership with Ireland as we work together for the well-being of our peoples and for global democracy, peace, and prosperity. A translation of President Lai’s remarks follows: Deputy Speaker John McGuinness is a dear friend of Taiwan who also chairs the Ireland-Taiwan Parliamentary Friendship Association. Thanks to his efforts over the years, support for Taiwan has grown stronger in the Oireachtas. I thank him and all of our guests for traveling such a long way to demonstrate support for Taiwan and open more doors for exchanges and cooperation. Europe is Taiwan’s third largest trading partner and largest source of foreign investment. Ireland is a European stronghold for technology and innovative industries. Just like Taiwan, Ireland is an export-oriented economy. Our industrial structures are highly complementary. We hope that Taiwan’s electronics manufacturing and machinery industries can explore deeper cooperation with Ireland’s ICT software and biopharmaceutical fields, creating win-win outcomes. In May, the Irish government launched its National Semiconductor Strategy, outlining a vision to become a global semiconductor hub. Taiwan is home to the world’s most critical semiconductor ecosystem, and our own industrial development closely parallels that of Ireland. Moreover, we aspire to build non-red technological supply chains with democratic partners. I believe that going forward, Taiwan and Ireland can bolster collaboration so as to upgrade the competitiveness of our respective semiconductor industries. Together, we can help build a values-based economic system for democracies. I was delighted to receive congratulations from Deputy Speaker McGuinness on my election. Taiwan and Ireland are both guardians of the values of freedom and democracy. This visit from our guests further attests to our common beliefs. As authoritarianism continues to expand, Taiwan will continue to take action and show the world that it is a trustworthy democratic partner that can contribute to the international community. We look forward to building an even closer partnership with Ireland as we work together for the well-being of our peoples and for global democracy, peace, and prosperity. Deputy Speaker McGuinness then delivered remarks, stating that he has been to Taiwan on many occasions and that it is a great honor to join President Lai and his staff at the Presidential Office. He said that Ireland has continued to build its strong relationship with Taiwan based on our democratic values and the interests that we have in trade throughout the world, strengthening this relationship based on culture, education, and more. Noting that he served with many other diplomats from Taiwan, he said all had the same goal, which was to further the interests of the Ireland-Taiwan friendship and to ensure that it grows and prospers. The deputy speaker then extended to President Lai the delegation’s best wishes for his term in office, stating that they commit to the same values as the previous friendship groups that have been visiting Taiwan. He went on to say that some members of the group are newly elected, representing the next generation of the association, and that they are committed to working together with Taiwan to stand strong in the defense of democracy. Deputy Speaker McGuinness also noted that the father of Deputy Ken O’Flynn, one of the delegation members, played an important role as a former chairman of the association, remarking that it is good to see such continuity taking place. Deputy Speaker McGuiness said that he believes the world is facing huge challenges and uncertainty in terms of our markets and trade with one another. He said we have to watch for what the United States will do next and be conscious of what China is doing, emphasizing that the European Union stands strong in the center of this, while Ireland plays a huge role in the context of democracy, trade, and the betterment of all things for the citizens that they represent. The deputy speaker then stated that while we focus on the development of AI that is extremely important for all of us, we can work together to ensure that we control AI rather than AI controlling us. He also remarked that we cannot lose sight of our traditional trading means, saying that we have to keep all of our trade together, expand on that trade, and then take on the new technologies that come before us. Deputy Speaker McGuinness concluded his remarks by thanking President Lai for receiving the delegation, stating that they commit to their continuation of support for Taiwan and for democracy. Also in attendance were Deputies Malcolm Byrne and Barry Ward, and Senator Teresa Costello.

    Details
    2025-07-22
    President Lai meets official delegation from European Parliament’s Special Committee on the European Democracy Shield
    On the morning of July 22, President Lai Ching-te met with an official delegation from the European Parliament’s Special Committee on the European Democracy Shield (EUDS). In remarks, President Lai thanked the committee for choosing to visit Taiwan for its first trip to Asia, demonstrating the close ties between Taiwan and Europe. President Lai emphasized that Taiwan, standing at the very frontline of the democratic world, is determined to protect democracy, peace, and prosperity worldwide. He expressed hope that we can share our experiences with Europe to foster even more resilient societies. A translation of President Lai’s remarks follows: Firstly, on behalf of the people of Taiwan, I extend a warm welcome to your delegation, which marks another official visit from the European Parliament. The Special Committee on the EUDS aims to strengthen societal resilience and counter disinformation and hybrid threats. Having been constituted at the beginning of this year, the committee has chosen to visit Taiwan for its first trip to Asia, demonstrating the close ties between Taiwan and Europe and the unlimited possibilities for deepening cooperation on issues of concern. I am also delighted to see many old friends of Taiwan gathered here today. I deeply appreciate your longstanding support for Taiwan. Taiwan and the European Union enjoy close trade and economic relations and share the values of freedom and democracy. However, in recent years, we have both been subjected to information manipulation and infiltration by foreign forces that seek to interfere in democratic elections, foment division in our societies, and shake people’s faith in democracy. Taiwan not only faces an onslaught of disinformation, but also is the target of gray-zone aggression. That is why, after taking office, I established the Whole-of-Society Defense Resilience Committee at the Presidential Office, with myself as convener. The committee is a platform that integrates domestic affairs, national defense, foreign affairs, cybersecurity, and civil resources. It aims to strengthen the capability of Taiwan’s society to defend itself against new forms of threat, pinpoint external and internal vulnerabilities, and bolster overall resilience and security. The efforts that democracies make are not for opposing anyone else; they are for safeguarding the way of life that we cherish – just as Europe has endeavored to promote diversity and human rights. The Taiwanese people firmly believe that when our society is united and people trust one another, we will be able to withstand any form of authoritarian aggression. Taiwan stands at the very frontline of the democratic world. We are determined to protect democracy, peace, and prosperity worldwide. We also hope to share our experiences with Europe and deepen cooperation in such fields as cybersecurity, media literacy, and societal resilience. Thank you once again for visiting Taiwan. Your presence further strengthens the foundations of Taiwan-Europe relations. Let us continue to work together to uphold freedom and democracy and foster even more resilient societies. EUDS Special Committee Chair Nathalie Loiseau then delivered remarks, saying that the delegation has members from different countries, including France, Germany, the Czech Republic, Poland, and Belgium, and different political parties, but that they have in common their desire for stronger relations between the EU and Taiwan. Committee Chair Loiseau stated that the EU and Taiwan, having many things in common, should work more together. She noted that we have strong trade relations, strong investments on both sides, and strong cultural relations, while we are also facing very similar challenges and threats. She said that we are democracies living in a world where autocracies want to weaken and divide democracies. She added that we also face external information manipulation, cyberattacks, sabotage, attempts to capture elites, and every single gray-zone activity that aims to divide and weaken us. Committee Chair Loiseau pointed out another commonality, that we have never threatened our neighbors. She said that we want to live in peace and we care about our people; we want to defend ourselves, not to attack others. We are not being threatened because of what we do, she emphasized, but because of what we are; and thus there is no reason for not working more together to face these threats and attacks. Committee Chair Loiseau said that Taiwan has valuable experience and good practices in the area of societal resilience, and that they are interested in learning more about Taiwan’s whole-of-society approach. They in Europe are facing interference, she said, mainly from Russia, and they know that Russia inspires others. She added that they in the EU also have experience regulating social media in a way which combines freedom of expression and responsibility. In closing, the chair said that they are happy to have the opportunity to exchange views with President Lai and that the European Parliament will continue to strongly support relations between the EU and Taiwan. The delegation also included Members of the European Parliament Engin Eroglu, Tomáš Zdechovský, Michał Wawrykiewicz, Kathleen Van Brempt, and Markéta Gregorová.

    Details
    2025-07-17
    President Lai meets President of Guatemalan Congress Nery Abilio Ramos y Ramos  
    On the morning of July 17, President Lai Ching-te met with a delegation led by Nery Abilio Ramos y Ramos, the president of the Congress of the Republic of Guatemala. In remarks, President Lai thanked Congress President Ramos and the Guatemalan Congress for their support for Taiwan, and noted that official diplomatic relations between Taiwan and Guatemala go back more than 90 years. As important partners in the global democratic community, the president said, the two nations will continue moving forward together in joint defense of the values of democracy and freedom, and will cooperate to promote regional and global prosperity and development. A translation of President Lai’s remarks follows:  I recall that when Congress President Ramos visited Taiwan in July last year, he put forward many ideas about how our countries could promote bilateral cooperation and exchanges. Now, a year later, he is leading another cross-party delegation from the Guatemalan Congress on a visit, demonstrating support for Taiwan and continuing to help deepen our diplomatic ties. In addition to extending a sincere welcome to the distinguished delegation members who have traveled so far to be here, I would also like to express our concern and condolences for everyone in Guatemala affected by the earthquake that struck earlier this month. We hope that the recovery effort is going smoothly. Official diplomatic relations between Taiwan and Guatemala go back more than 90 years. In such fields as healthcare, agriculture, education, and women’s empowerment, we have continually strengthened our cooperation to benefit our peoples. Just last month, Guatemala’s President Bernardo Arévalo and the First Lady led a delegation on a state visit to Taiwan. President Arévalo and I signed a letter of intent for semiconductor cooperation, and also witnessed the signing of cooperation documents to establish a political consultation mechanism and continue to promote bilateral investment. This has laid an even sounder foundation for bilateral exchanges and cooperation, and will help enhance both countries’ international competitiveness. Taiwan is currently running a semiconductor vocational training program, helping Guatemala cultivate semiconductor talent and develop its tech industry, and demonstrating our determination to share experience with democratic partners. At the same time, we continue to assist Taiwanese businesses in their efforts to develop overseas markets with Guatemala as an important base, spurring industrial development in both countries and increasing economic and trade benefits. I want to thank Congress President Ramos and the Guatemalan Congress for their continued support for Taiwan’s international participation. Representing the Guatemalan Congress, Congress President Ramos has signed resolutions in support of Taiwan, and has also issued statements addressing China’s misinterpretation of United Nations General Assembly Resolution 2758. Taiwan and Guatemala, as important partners in the global democratic community, will continue moving forward together in joint defense of the values of democracy and freedom, and will cooperate to promote regional and global prosperity and development. Congress President Ramos then delivered remarks, first noting that the members of the delegation are not only from different parties, but also represent different classes, cultures, professions, and departments, which shows that the diplomatic ties between Guatemala and the Republic of China (Taiwan) are based on firm friendships at all levels and in all fields. Noting that this was his second time to visit Taiwan and meet with President Lai, Congress President Ramos thanked the government of Taiwan for its warm hospitality. With the international situation growing more complex by the day, he said, Guatemala highly values its longstanding friendship and cooperative ties with Taiwan, and hopes that both sides can continue to deepen their cooperation in such areas as the economy, technology, education, agriculture, and culture, and work together to spur sustainable development in each of our countries. Congress President Ramos said that the way the Taiwan government looks after the well-being of its people is an excellent model for how other countries should promote national development and social well-being. Accordingly, he said, the Guatemalan Congress has stood for justice and, for a second time, adopted a resolution backing Taiwan’s participation in the World Health Assembly. Regarding President Arévalo’s state visit to Taiwan the previous month, Congress President Ramos commented that this high-level interaction has undoubtedly strengthened the diplomatic ties between Taiwan and Guatemala and led to more opportunities for cooperation. Congress President Ramos emphasized that democracy, freedom, and human rights are universal values that bind Taiwan and Guatemala together, and that he is confident the two countries’ diplomatic ties will continue to grow deeper. In closing, on behalf of the Republic of Guatemala, Congress President Ramos presented President Lai with a Chinese translation of the resolution that the Guatemalan Congress proposed to the UN in support of Taiwan’s participation in international organizations, demonstrating the staunch bonds of friendship between the two countries. The delegation was accompanied to the Presidential Office by Guatemala Ambassador Luis Raúl Estévez López.  

    Details
    2025-07-08
    President Lai meets delegation led by Foreign Minister Jean-Victor Harvel Jean-Baptiste of Republic of Haiti
    On the morning of July 8, President Lai Ching-te met with a delegation led by Minister of Foreign Affairs Jean-Victor Harvel Jean-Baptiste of the Republic of Haiti and his wife. In remarks, President Lai noted that our two countries will soon mark the 70th anniversary of diplomatic relations and that our exchanges have been fruitful in important areas such as public security, educational cooperation, and infrastructure. The president stated that Taiwan will continue to work together with Haiti to promote the development of medical and health care, food security, and construction that benefits people’s livelihoods. The president thanked Haiti for supporting Taiwan’s international participation and expressed hope that both countries will continue to support each other, deepen cooperation, and face various challenges together. A translation of President Lai’s remarks follows: I am delighted to meet and exchange ideas with Minister Jean-Baptiste, his wife, and our distinguished guests. Minister Jean-Baptiste is the highest-ranking official from Haiti to visit Taiwan since former President Jovenel Moïse visited in 2018, demonstrating the importance that the Haitian government attaches to our bilateral diplomatic ties. On behalf of the Republic of China (Taiwan), I extend a sincere welcome. Next year marks the 70th anniversary of the establishment of diplomatic ties between our two countries. Our bilateral exchanges have been fruitful in important areas such as public security, educational cooperation, and infrastructure. Over the past few years, Haiti has faced challenges in such areas as food supply and healthcare. Taiwan will continue to work together with Haiti through various cooperative programs to promote the development of medical and health care, food security, and construction that benefits people’s livelihoods. I want to thank the government of Haiti and Minister Jean-Baptiste for speaking out in support of Taiwan on the international stage for many years. Minister Jean-Baptiste’s personal letter to the World Health Organization Secretariat in May this year and Minister of Public Health and Population Bertrand Sinal’s public statement during the World Health Assembly both affirmed Taiwan’s efforts and contributions to global public health and supported Taiwan’s international participation, for which we are very grateful. I hope that Taiwan and Haiti will continue to support each other and deepen cooperation. I believe that Minister Jean-Baptiste’s visit will open up more opportunities for cooperation for both countries, helping Taiwan and Haiti face various challenges together. In closing, I once again offer a sincere welcome to the delegation led by Minister Jean-Baptiste, and ask him to convey greetings from Taiwan to Prime Minister Alix Didier Fils-Aimé and the members of the Transitional Presidential Council. Minister Jean-Baptiste then delivered remarks, saying that he is extremely honored to visit Taiwan and reaffirm the solid and friendly cooperative relationship based on mutual respect between the Republic of Haiti and the Republic of China (Taiwan), which will soon mark its 70th anniversary. He also brought greetings to President Lai from Haiti’s Transitional Presidential Council and Prime Minister Fils-Aimé. Minister Jean-Baptiste emphasized that over the past few decades, despite the great geographical distance and developmental and cultural differences between our two countries, we have nevertheless established a firm friendship and demonstrated to the world the progress resulting from the mutual assistance and cooperation between our peoples. Minister Jean-Baptiste pointed out that our two countries cooperate closely in agriculture, health, education, and community development and have achieved concrete results. Taiwan’s voice, he said, is thus essential for the people of Haiti. He noted that Taiwan also plays an important role in peace and innovation and actively participates in global cooperative efforts. Pointing out that the world is currently facing significant challenges and that Haiti is experiencing its most difficult period in history, Minister Jean-Baptiste said that at this time, Taiwan and Haiti need to unite, help each other, and jointly think about how to move forward and deepen bilateral relations to benefit the peoples of both countries. Minister Jean-Baptiste said that he is pleased that throughout our solid and friendly diplomatic relationship, both countries have demonstrated mutual trust, mutual respect, and the values we jointly defend. He then stated his belief that Haiti and Taiwan will together create a cooperation model and future that are sincere, friendly, and sustainable. The delegation was accompanied to the Presidential Office by Chargé d’Affaires a.i. Francilien Victorin of the Embassy of the Republic of Haiti in Taiwan.

    Details
    2025-07-01
    President Lai meets delegation from 2025 Taiwan International Ocean Forum
    On the afternoon of July 1, President Lai Ching-te met with a delegation from the 2025 Taiwan International Ocean Forum (TIOF). In remarks, President Lai noted that the people of Taiwan will continue to work with democratic partners throughout the world in a maritime spirit of freedom and openness to contribute to ocean governance and jointly ensure maritime security. He expressed hope that their visit will help forge stronger friendships between Taiwan and international maritime partners, so that all can work together to spur shared maritime prosperity and sustainable development for the next generation. A translation of President Lai’s remarks follows: I want to thank our guests for coming here to the Presidential Office. The 2025 TIOF will take place tomorrow and the day after, and I thank you all for making the long trip to Taiwan to attend the event and share your valuable insights and experiences. This year’s forum will focus on strategies for strengthening maritime security and pathways to achieving a sustainable blue economy. By attending this forum, our guests are highlighting their commitment to safeguarding the oceans, and beyond that, taking concrete action to demonstrate support for Taiwan. I once again offer deepest gratitude on behalf of the people of Taiwan. Taiwan holds a key position on the first island chain, is one of the world’s top 10 shipping nations, and accounts for close to 10 percent of global container shipping by volume. As such, Taiwan occupies a unique and important position in maritime strategy. For Taiwan, the ocean is more than just a basis for survival and development; it is also an important driver of national prosperity. In my inaugural address last year, I spoke of a threefold approach to further Taiwan’s development. One of these involves further developing our strengths as a maritime nation. Our government must actively help deepen our connections with the ocean, and must continue to promote green shipping, a sustainable fishing industry, marine renewable energy, and other forms of industrial transformation. It must also make use of marine technology and digital innovation to create a new paradigm that balances environmental, economic, and social inclusion concerns. This will help enhance Taiwan’s responsibilities and competitiveness as a maritime nation. Taiwan is surrounded by ocean, and our territorial waters are a natural protective barrier. However, continued gray-zone aggression from China creates serious threats and challenges to peace and stability in the Taiwan Strait. Our government continues to invest resources to deal with increasingly complex maritime security issues. In addition to building coast guard patrol vessels, we must also step up efforts to build underwater, surface, and airborne unmanned vehicles and smart reconnaissance equipment, so as to demonstrate Taiwan’s determination to defend democracy and freedom and commitment to maintaining peace and stability in the Taiwan Strait. Oceans are Taiwan’s roots, and provide the channels by which we engage with the world. The people of Taiwan will continue to work with democratic partners throughout the world in a maritime spirit of freedom and openness to contribute to ocean governance and jointly ensure maritime security. The TIOF was first launched in 2020, and has now become an important platform for enhancement of cooperation between Taiwan and other countries. I hope that our distinguished guests will reap great benefits at this year’s forum, and further hope that this visit will help forge stronger friendships between Taiwan and international maritime partners, so that all can work together to spur shared maritime prosperity and sustainable development for the next generation. Chairman of The Washington Times Thomas McDevitt, a member of the delegation, then delivered remarks, noting first that July 4th, this Friday, is Independence Day in America. Independence is a sacred, powerful word which has great meaning in this part of the world, he said. Chairman McDevitt indicated that Taiwan has truly become a global beacon of democracy and a key partner for many nations. He then quoted President Lai’s 2024 inaugural address: “We will work together to combat disinformation, strengthen democratic resilience, address challenges, and allow Taiwan to become the MVP of the democratic world.” Chairman McDevitt went on to say that he appreciated the president’s speech with regard to his philosophical depth, sensitivity, and both moral and political clarity. He said that he was deeply moved by the speech, but within a few days of it, China responded with military activities and many threats. The chairman then emphasized that we are in a civilization crisis. Chairman McDevitt mentioned that President Lai has begun a series of 10 lectures, and remarked that they would help the world to understand the identity and the nature of Taiwan, as well as the situation we are in in the world. On behalf of all the delegation, Chairman McDevitt thanked the president for his leadership in dealing with these issues thoughtfully. Chairman McDevitt concluded with a line from the Old Testament which states that if the people have no vision, they will perish. He said that he believes Taiwan’s president has led the people of Taiwan, and the world, with a vision of how to navigate this great civilization crisis together. The delegation also included Members of the Japanese House of Representatives Kikawada Hitoshi, Aoyama Yamato, and Genma Kentaro, and Member of Parliament of the United Kingdom Gavin Williamson.

    Details
    2025-05-20
    President Lai interviewed by Nippon Television and Yomiuri TV
    In a recent interview on Nippon Television’s news zero program, President Lai Ching-te responded to questions from host Mr. Sakurai Sho and Yomiuri TV Shanghai Bureau Chief Watanabe Masayo on topics including reflections on his first year in office, cross-strait relations, China’s military threats, Taiwan-United States relations, and Taiwan-Japan relations. The interview was broadcast on the evening of May 19. During the interview, President Lai stated that China intends to change the world’s rules-based international order, and that if Taiwan were invaded, global supply chains would be disrupted. Therefore, he said, Taiwan will strengthen its national defense, prevent war by preparing for war, and achieve the goal of peace. The president also noted that Taiwan’s purpose for developing drones is based on national security and industrial needs, and that Taiwan hopes to collaborate with Japan. He then reiterated that China’s threats are an international problem, and expressed hope to work together with the US, Japan, and others in the global democratic community to prevent China from starting a war. Following is the text of the questions and the president’s responses: Q: How do you feel as you are about to round out your first year in office? President Lai: When I was young, I was determined to practice medicine and save lives. When I left medicine to go into politics, I was determined to transform Taiwan. And when I was sworn in as president on May 20 last year, I was determined to strengthen the nation. Time flies, and it has already been a year. Although the process has been very challenging, I am deeply honored to be a part of it. I am also profoundly grateful to our citizens for allowing me the opportunity to give back to our country. The future will certainly be full of more challenges, but I will do everything I can to unite the people and continue strengthening the nation. That is how I am feeling now. Q: We are now coming up on the 80th anniversary of the end of World War II, and over this period, we have often heard that conflict between Taiwan and the mainland is imminent. Do you personally believe that a cross-strait conflict could happen? President Lai: The international community is very much aware that China intends to replace the US and change the world’s rules-based international order, and annexing Taiwan is just the first step. So, as China’s military power grows stronger, some members of the international community are naturally on edge about whether a cross-strait conflict will break out. The international community must certainly do everything in its power to avoid a conflict in the Taiwan Strait; there is too great a cost. Besides causing direct disasters to both Taiwan and China, the impact on the global economy would be even greater, with estimated losses of US$10 trillion from war alone – that is roughly 10 percent of the global GDP. Additionally, 20 percent of global shipping passes through the Taiwan Strait and surrounding waters, so if a conflict breaks out in the strait, other countries including Japan and Korea would suffer a grave impact. For Japan and Korea, a quarter of external transit passes through the Taiwan Strait and surrounding waters, and a third of the various energy resources and minerals shipped back from other countries pass through said areas. If Taiwan were invaded, global supply chains would be disrupted, and therefore conflict in the Taiwan Strait must be avoided. Such a conflict is indeed avoidable. I am very thankful to Prime Minister of Japan Ishiba Shigeru and former Prime Ministers Abe Shinzo, Suga Yoshihide, and Kishida Fumio, as well as US President Donald Trump and former President Joe Biden, and the other G7 leaders, for continuing to emphasize at international venues that peace and stability across the Taiwan Strait are essential components for global security and prosperity. When everyone in the global democratic community works together, stacking up enough strength to make China’s objectives unattainable or to make the cost of invading Taiwan too high for it to bear, a conflict in the strait can naturally be avoided. Q: As you said, President Lai, maintaining peace and stability across the Taiwan Strait is also very important for other countries. How can war be avoided? What sort of countermeasures is Taiwan prepared to take to prevent war? President Lai: As Mr. Sakurai mentioned earlier, we are coming up on the 80th anniversary of the end of WWII. There are many lessons we can take from that war. First is that peace is priceless, and war has no winners. From the tragedies of WWII, there are lessons that humanity should learn. We must pursue peace, and not start wars blindly, as that would be a major disaster for humanity. In other words, we must be determined to safeguard peace. The second lesson is that we cannot be complacent toward authoritarian powers. If you give them an inch, they will take a mile. They will keep growing, and eventually, not only will peace be unattainable, but war will be inevitable. The third lesson is why WWII ended: It ended because different groups joined together in solidarity. Taiwan, Japan, and the Indo-Pacific region are all directly subjected to China’s threats, so we hope to be able to join together in cooperation. This is why we proposed the Four Pillars of Peace action plan. First, we will strengthen our national defense. Second, we will strengthen economic resilience. Third is standing shoulder to shoulder with the democratic community to demonstrate the strength of deterrence. Fourth is that as long as China treats Taiwan with parity and dignity, Taiwan is willing to conduct exchanges and cooperate with China, and seek peace and mutual prosperity. These four pillars can help us avoid war and achieve peace. That is to say, Taiwan hopes to achieve peace through strength, prevent war by preparing for war, keeping war from happening and pursuing the goal of peace. Q: Regarding drones, everyone knows that recently, Taiwan has been actively researching, developing, and introducing drones. Why do you need to actively research, develop, and introduce new drones at this time? President Lai: This is for two purposes. The first is to meet national security needs. The second is to meet industrial development needs. Because Taiwan, Japan, and the Philippines are all part of the first island chain, and we are all democratic nations, we cannot be like an authoritarian country like China, which has an unlimited national defense budget. In this kind of situation, island nations such as Taiwan, Japan, and the Philippines should leverage their own technologies to develop national defense methods that are asymmetric and utilize unmanned vehicles. In particular, from the Russo-Ukrainian War, we see that Ukraine has successfully utilized unmanned vehicles to protect itself and prevent Russia from unlimited invasion. In other words, the Russo-Ukrainian War has already proven the importance of drones. Therefore, the first purpose of developing drones is based on national security needs. Second, the world has already entered the era of smart technology. Whether generative, agentic, or physical, AI will continue to develop. In the future, cars and ships will also evolve into unmanned vehicles and unmanned boats, and there will be unmanned factories. Drones will even be able to assist with postal deliveries, or services like Uber, Uber Eats, and foodpanda, or agricultural irrigation and pesticide spraying. Therefore, in the future era of comprehensive smart technology, developing unmanned vehicles is a necessity. Taiwan, based on industrial needs, is actively planning the development of drones and unmanned vehicles. I would like to take this opportunity to express Taiwan’s hope to collaborate with Japan in the unmanned vehicle industry. Just as we do in the semiconductor industry, where Japan has raw materials, equipment, and technology, and Taiwan has wafer manufacturing, our two countries can cooperate. Japan is a technological power, and Taiwan also has significant technological strengths. If Taiwan and Japan work together, we will not only be able to safeguard peace and stability in the Taiwan Strait and security in the Indo-Pacific region, but it will also be very helpful for the industrial development of both countries. Q: The drones you just described probably include examples from the Russo-Ukrainian War. Taiwan and China are separated by the Taiwan Strait. Do our drones need to have cross-sea flight capabilities? President Lai: Taiwan does not intend to counterattack the mainland, and does not intend to invade any country. Taiwan’s drones are meant to protect our own nation and territory. Q: Former President Biden previously stated that US forces would assist Taiwan’s defense in the event of an attack. President Trump, however, has yet to clearly state that the US would help defend Taiwan. Do you think that in such an event, the US would help defend Taiwan? Or is Taiwan now trying to persuade the US? President Lai: Former President Biden and President Trump have answered questions from reporters. Although their responses were different, strong cooperation with Taiwan under the Biden administration has continued under the Trump administration; there has been no change. During President Trump’s first term, cooperation with Taiwan was broader and deeper compared to former President Barack Obama’s terms. After former President Biden took office, cooperation with Taiwan increased compared to President Trump’s first term. Now, during President Trump’s second term, cooperation with Taiwan is even greater than under former President Biden. Taiwan-US cooperation continues to grow stronger, and has not changed just because President Trump and former President Biden gave different responses to reporters. Furthermore, the Trump administration publicly stated that in the future, the US will shift its strategic focus from Europe to the Indo-Pacific. The US secretary of defense even publicly stated that the primary mission of the US is to prevent China from invading Taiwan, maintain stability in the Indo-Pacific, and thus maintain world peace. There is a saying in Taiwan that goes, “Help comes most to those who help themselves.” Before asking friends and allies for assistance in facing threats from China, Taiwan must first be determined and prepared to defend itself. This is Taiwan’s principle, and we are working in this direction, making all the necessary preparations to safeguard the nation. Q: I would like to ask you a question about Taiwan-Japan relations. After the Great East Japan Earthquake in 2011, you made an appeal to give Japan a great deal of assistance and care. In particular, you visited Sendai to offer condolences. Later, you also expressed condolences and concern after the earthquakes in Aomori and Kumamoto. What are your expectations for future Taiwan-Japan exchanges and development? President Lai: I come from Tainan, and my constituency is in Tainan. Tainan has very deep ties with Japan, and of course, Taiwan also has deep ties with Japan. However, among Taiwan’s 22 counties and cities, Tainan has the deepest relationship with Japan. I sincerely hope that both of you and your teams will have an opportunity to visit Tainan. I will introduce Tainan’s scenery, including architecture from the era of Japanese rule, Tainan’s cuisine, and unique aspects of Tainan society, and you can also see lifestyles and culture from the Showa era.  The Wushantou Reservoir in Tainan was completed by engineer Mr. Hatta Yoichi from Kanazawa, Japan and the team he led to Tainan after he graduated from then-Tokyo Imperial University. It has nearly a century of history and is still in use today. This reservoir, along with the 16,000-km-long Chianan Canal, transformed the 150,000-hectare Chianan Plain into Taiwan’s premier rice-growing area. It was that foundation in agriculture that enabled Taiwan to develop industry and the technology sector of today. The reservoir continues to supply water to Tainan Science Park. It is used by residents of Tainan, the agricultural sector, and industry, and even the technology sector in Xinshi Industrial Park, as well as Taiwan Semiconductor Manufacturing Company. Because of this, the people of Tainan are deeply grateful for Mr. Hatta and very friendly toward the people of Japan. A major earthquake, the largest in 50 years, struck Tainan on February 6, 2016, resulting in significant casualties. As mayor of Tainan at the time, I was extremely grateful to then-Prime Minister Abe, who sent five Japanese officials to the disaster site in Tainan the day after the earthquake. They were very thoughtful and asked what kind of assistance we needed from the Japanese government. They offered to provide help based on what we needed. I was deeply moved, as former Prime Minister Abe showed such care, going beyond the formality of just sending supplies that we may or may not have actually needed. Instead, the officials asked what we needed and then provided assistance based on those needs, which really moved me. Similarly, when the Great East Japan Earthquake of 2011 or the later Kumamoto earthquakes struck, the people of Tainan, under my leadership, naturally and dutifully expressed their support. Even earlier, when central Taiwan was hit by a major earthquake in 1999, Japan was the first country to deploy a rescue team to the disaster area. On February 6, 2018, after a major earthquake in Hualien, former Prime Minister Abe appeared in a video holding up a message of encouragement he had written in calligraphy saying “Remain strong, Taiwan.” All of Taiwan was deeply moved. Over the years, Taiwan and Japan have supported each other when earthquakes struck, and have forged bonds that are family-like, not just neighborly. This is truly valuable. In the future, I hope Taiwan and Japan can be like brothers, and that the peoples of Taiwan and Japan can treat one another like family. If Taiwan has a problem, then Japan has a problem; if Japan has a problem, then Taiwan has a problem. By caring for and helping each other, we can face various challenges and difficulties, and pursue a brighter future. Q: President Lai, you just used the phrase “If Taiwan has a problem, then Japan has a problem.” In the event that China attempts to invade Taiwan by force, what kind of response measures would you hope the US military and Japan’s Self-Defense Forces take? President Lai: As I just mentioned, annexing Taiwan is only China’s first step. Its ultimate objective is to change the rules-based international order. That being the case, China’s threats are an international problem. So, I would very much hope to work together with the US, Japan, and others in the global democratic community to prevent China from starting a war – prevention, after all, is more important than cure.

    MIL OSI Asia Pacific News

  • MIL-OSI Security: United States Disrupts Cryptocurrency Investment Fraud and Files Civil Forfeiture Complaint Against $325,000 in Funds Involved in Money Laundering

    Source: US FBI

    KANSAS CITY, Mo. – On July 17, 2025, the United States Attorney’s Office obtained a temporary restraining order against the unidentified foreign operators of a fraudulent online cryptocurrency investment platform called “Triangular.” The order resulted in the suspension of online access to two websites used to access the platform.

    The United States also filed a civil forfeiture complaint in the U.S. District Court for the Western District of Missouri against more than $325,000 in cryptocurrency seized from two addresses linked to the scam. According to the complaint, the FBI used blockchain analysis and other investigative techniques to determine that the cryptocurrency is connected to the theft and laundering of funds from victims of the Triangular investment fraud scheme.

    The complaint alleges that between July and October 2024, the two cryptocurrency addresses were used to launder millions of dollars in suspected scam proceeds. The complaint further alleges that a victim located in the Western District of Missouri lost more than $16 million to the fake Triangular investment platform.

    The scammers involved in this scheme lured victims through unsolicited messages on social media sites like LinkedIn. Once a relationship formed, the scammers introduced the victims to the fraudulent Triangular platform and made promises of immense investment gain with little to no risk of loss. After the victims made an initial investment through the sophisticated-looking platform, the scammers manipulated the victims’ account to appear to show exponential investment returns and encouraged victims to transfer more cryptocurrency. But when victims tried to withdraw their profit, they were told they needed to pay more in false withdrawal fees or “taxes.” The victims never recovered their money.

    Commonly referred to as a cryptocurrency confidence scam, fake investment schemes like Triangular cost Americans billions of dollars every year, according to the FBI Internet Crime Complaint Center’s 2024 Internet Crime Report.

    If you believe you are a victim of a cryptocurrency investment fraud or other cyber-enabled crime, report the fraud to the FBI Internet Crime Complaint Center at https://www.ic3.gov, your local law enforcement agency, and the Federal Trade Commission at https://reportfraud.ftc.gov.

    The claims in the United States’ civil complaints are only allegations. The preliminary injunction hearing is scheduled for August 6, 2025, before U.S. District Judge Brian C. Wimes. The case is United States v. John Doe, No. 4:25-cv-00529-BCW.

    This investigation is being handled by the Federal Bureau of Investigation Kansas City Field Office. The civil cases are being handled by Assistant U.S. Attorney John Constance. The Department of Justice would like to acknowledge Tether for its assistance in effectuating the transfer of these assets

    MIL Security OSI

  • MIL-OSI Russia: Nine more Chinese cities accredited as international wetland cities, China maintains world lead in number of wetlands

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    An important disclaimer is at the bottom of this article.

    Source: People’s Republic of China – State Council News

    VICTORIA FALLS, ZIMBABWE, July 24 (Xinhua) — Nine more Chinese cities were accredited as international wetland cities on Thursday at the opening of the 15th meeting of the Conference of the Contracting Parties to the Ramsar Convention on Wetlands (COP15) in the Zimbabwean resort town of Victoria Falls, bringing the total number of such cities in China to 22, the highest in the world.

    The newly accredited cities include Chongming in Shanghai, Dali in Yunnan Province, Fuzhou in Fujian Province, Hangzhou in Zhejiang Province, Jiujiang in Jiangxi Province, Lhasa in the Xizang Autonomous Region, Suzhou in Jiangsu Province, Wenzhou in Zhejiang Province and Yueyang in Hunan Province. –0–

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News

  • MIL-OSI Security: Operation Grayskull Culminates in Lengthy Sentences for Managers of Darkweb Site Dedicated to Sexual Abuse of Children

    Source: US FBI

    Operation Grayskull Eradicated Four Dark Web Child Abuse Sites and Led to the Convictions of 18 Offenders to Date, Who Have Collectively Received More than 300 Years in Prison

    Today, the Justice Department announced the results of Operation Grayskull, a highly successful joint effort between the Department of Justice and the FBI that resulted in the dismantling of four dark web sites dedicated to images and videos containing child sexual abuse material (CSAM). To date, the operation has led to the convictions of 18 offenders, including a Minnesota man who was sentenced yesterday to 250 months in prison and lifetime supervised release for his involvement with one of these dark web sites. He was also ordered to pay $23,000 in restitution.

    “Today’s announcement sends a clear warning to those who exploit and abuse children: you will not find safe haven, even on the dark web,” said Acting Assistant Attorney General Matthew R. Galeotti of the Justice Department’s Criminal Division. “These offenders thought that they could act without consequences, but they were wrong.  Thanks to the relentless determination of our prosecutors and law enforcement partners we have exposed these perpetrators for who they are, eliminated their websites and brought justice to countless victims.”

    “This operation represents one of the most significant strikes ever made against online child exploitation networks,” said FBI Director Kash Patel. “We’ve not only dismantled dangerous platforms on the dark web, but we’ve also brought key perpetrators to justice and delivered a powerful message: you cannot hide behind anonymity to harm children.”

    “Yesterday’s sentencing reaffirms our steadfast commitment to protecting our children, the most vulnerable among us, from those who exploit and harm them through the despicable trade in child sexual abuse material,” said U.S. Attorney Hayden P. O’Byrne for the Southern District of Florida. “Thomas Peter Katsampes and his co-conspirators ran some of the darkweb’s most heinous networks, enabling horrific crimes against innocent victims, but Operation Grayskull has shut these sites down and delivered justice. We applaud the FBI and our international partners for their tireless work, and let this be a clear warning: we will relentlessly pursue and prosecute anyone engaged in such atrocities, no matter how they attempt to cover their tracks.”

    Thomas Peter Katsampes, 52, of Eagan, Minnesota, pleaded guilty to conspiracy to advertise and conspiracy to distribute child pornography on Feb. 27. According to court documents, Katsampes joined a dark web site dedicated to CSAM in 2022, advertised and distributed CSAM over the website, including CSAM depicting prepubescent children, and eventually worked his way up to a staff position on the web site, which, among other things, involved moderating the site, enforcing the site’s rules for posting CSAM, and advising the site’s users about how to post CSAM.

    In addition to Katsampes, eight individuals have been convicted and sentenced in the Southern District of Florida for their involvement in running the primary site targeted by Operation Grayskull.

    Defendant Residence Case Status
    Selwyn David Rosenstein Boynton Beach, Florida

    Pleaded guilty to conspiracy to advertise child pornography, five counts of advertisement of child pornography, and possession of child pornography.

    Sentenced on Dec. 12, 2022, to 28 years in prison and ordered to pay $80,500 in restitution to victims of his offense.

    Matthew Branden Garrell Raleigh, North Carolina

    Pleaded guilty to conspiracy to advertise child pornography and conspiracy to distribute child pornography.

    Sentenced on Aug. 1, 2023, to 20 years and 10 months in prison and ordered to pay $158,500 in restitution to victims of his offense.

    Robert Preston Boyles Clarksville, Tennessee

    Pleaded guilty to conspiracy to advertise child pornography and conspiracy to distribute child pornography.

    Sentenced on Aug. 15, 2023, to 23 years and four months in prison and ordered to pay $7,500 in restitution to victims of his offense.

    Gregory Malcolm Good Silver Springs, Nevada

    Pleaded guilty to conspiracy to advertise child pornography and conspiracy to distribute child pornography.

    Sentenced on Aug. 22, 2023, to 25 years and 10 months in prison and ordered to pay $93,500 in restitution to victims of his offense.

    William Michael Spearman Madison, Alabama

    Pleaded guilty to engaging in a child exploitation enterprise.

    Sentenced on Jan. 23, 2024, to life in prison and ordered to pay $123,400 in restitution to victims of his offense.

    Joseph Addison Martin Tahuya, Washington

    Pleaded guilty to engaging in a child exploitation enterprise.

    Sentenced on April 18, 2024, to 42 years in prison and ordered to pay $174,500 in restitution to victims of his offense.

    Joseph Robert Stewart Milton, Washington

    Pleaded guilty to conspiracy to advertise child pornography and conspiracy to distribute child pornography.

    Sentenced on April 18, 2024, to 23 years and 9 months in prison and ordered to pay $19,500 in restitution to victims of his offense.

    Keith David McIntosh Grand Rapids, Michigan

    Pleaded guilty to conspiracy to advertise child pornography and conspiracy to distribute child pornography, both as a person with a prior conviction for possession of child pornography.

    Sentenced on Dec. 19, 2024, to 55 years in prison.

    The website’s leaders advertised and distributed CSAM, promulgated rules for the website, enforced the rules by banning or scolding users who violated them, held staff meetings, recruited members to serve as staff members, recommended users for promotion, edited and deleted user posts, praised individuals for participating in and contributing to the website, kept records of CSAM posts made by individual members, and paid for and maintained the website servers, among other things.

    Operation Grayskull resulted in the dismantling of a total of four sites dedicated to images and videos depicting child sexual abuse. These websites were some of the most egregious on the dark web, and they included sections specifically dedicated to infants and toddlers, as well as depictions of violence, sadism, and torture. The websites also contained detailed advice on how to avoid detection by law enforcement – for example, by using sophisticated technologies.

    In other judicial districts around the country, nine additional individuals have been convicted for their involvement with these websites, including the following:

    • Charles Hand, of Aberdeen, Maryland, was prosecuted in the District of Maryland and was sentenced to 14 years in federal prison;
    • Michael Ibarra, of Wenatchee, Washington, was prosecuted in the Eastern District of Washington and was sentenced to 12 years in prison;
    • Clay Trimble, of Fordyce, Arkansas, was prosecuted in the Eastern District of Arkansas and was sentenced to 18 years in prison;
    • David Craig, of Houston, Texas, was prosecuted in the Southern District of Texas and was sentenced to nine years in prison;
    • Robert Rella of Chesapeake, Virginia, was prosecuted in the Eastern District of Virginia and was sentenced to five years and eight months in prison;
    • Samuel Hicks, of Fort Wayne, Indiana, was prosecuted in the Northern District of Indiana and was sentenced to 16 years in prison;
    • Richard Smith of Dallas, Texas, was prosecuted in the Eastern District of Texas and was sentenced to 14 years in prison;
    • Patrick Harrison, of Grand Rapids, Michigan, was prosecuted in the Western District of Michigan and was sentenced to five years and ten months in prison.
    • Thomas Gailus, of Webbers Falls, Oklahoma, was prosecuted in the Eastern District of Oklahoma, and his sentencing is pending.

    Two other individuals in the United States died before being charged for their involvement with the websites. The operation also resulted in arrests in the United Kingdom, the Netherlands, Italy, Germany, Estonia, Belgium, and South Africa.

    The FBI’s Child Exploitation Operational Unit and Miami Field Office, West Palm Beach Resident Agency investigated the cases.

    Acting Deputy Chief Kyle P. Reynolds and Trial Attorney William G. Clayman of the Justice Department’s Child Exploitation and Obscenity Section (CEOS) and former Assistant U.S. Attorney Gregory Schiller of the Southern District of Florida coordinated the operation and prosecuted the defendants in the Southern District of Florida.

    Substantial assistance for the cases prosected in the Southern District of Florida was provided by FBI Field Offices and Resident Agencies in Huntsville, Alabama; Reno, Nevada; Clarksville, Tennessee; Raleigh, North Carolina; Madison, Wisconsin; Tacoma, Washington; Grand Rapids, Michigan; and Minneapolis, Minnesota; CEOS’s High Technology Investigative Unit; and the U.S. Attorney’s Offices for the Northern District of Alabama, District of Nevada, Middle District of Tennessee, Eastern District of North Carolina, Western District of Wisconsin, Western District of Washington, Western District of Michigan, and District of Minnesota.

    This case was brought as part of Project Safe Childhood, a nationwide initiative launched in May 2006 by the Department of Justice to combat the growing epidemic of child sexual exploitation and abuse. Led by U.S. Attorneys’ Offices and CEOS, Project Safe Childhood marshals federal, state and local resources to better locate, apprehend and prosecute individuals who exploit children via the Internet, as well as to identify and rescue victims. For more information about Project Safe Childhood, please visit www.justice.gov/psc.

    MIL Security OSI

  • MIL-OSI Security: Operation Grayskull Culminates in Lengthy Sentences for Managers of Darkweb Site Dedicated to Sexual Abuse of Children

    Source: US FBI

    Operation Grayskull Eradicated Four Dark Web Child Abuse Sites and Led to the Convictions of 18 Offenders to Date, Who Have Collectively Received More than 300 Years in Prison

    Today, the Justice Department announced the results of Operation Grayskull, a highly successful joint effort between the Department of Justice and the FBI that resulted in the dismantling of four dark web sites dedicated to images and videos containing child sexual abuse material (CSAM). To date, the operation has led to the convictions of 18 offenders, including a Minnesota man who was sentenced yesterday to 250 months in prison and lifetime supervised release for his involvement with one of these dark web sites. He was also ordered to pay $23,000 in restitution.

    “Today’s announcement sends a clear warning to those who exploit and abuse children: you will not find safe haven, even on the dark web,” said Acting Assistant Attorney General Matthew R. Galeotti of the Justice Department’s Criminal Division. “These offenders thought that they could act without consequences, but they were wrong.  Thanks to the relentless determination of our prosecutors and law enforcement partners we have exposed these perpetrators for who they are, eliminated their websites and brought justice to countless victims.”

    “This operation represents one of the most significant strikes ever made against online child exploitation networks,” said FBI Director Kash Patel. “We’ve not only dismantled dangerous platforms on the dark web, but we’ve also brought key perpetrators to justice and delivered a powerful message: you cannot hide behind anonymity to harm children.”

    “Yesterday’s sentencing reaffirms our steadfast commitment to protecting our children, the most vulnerable among us, from those who exploit and harm them through the despicable trade in child sexual abuse material,” said U.S. Attorney Hayden P. O’Byrne for the Southern District of Florida. “Thomas Peter Katsampes and his co-conspirators ran some of the darkweb’s most heinous networks, enabling horrific crimes against innocent victims, but Operation Grayskull has shut these sites down and delivered justice. We applaud the FBI and our international partners for their tireless work, and let this be a clear warning: we will relentlessly pursue and prosecute anyone engaged in such atrocities, no matter how they attempt to cover their tracks.”

    Thomas Peter Katsampes, 52, of Eagan, Minnesota, pleaded guilty to conspiracy to advertise and conspiracy to distribute child pornography on Feb. 27. According to court documents, Katsampes joined a dark web site dedicated to CSAM in 2022, advertised and distributed CSAM over the website, including CSAM depicting prepubescent children, and eventually worked his way up to a staff position on the web site, which, among other things, involved moderating the site, enforcing the site’s rules for posting CSAM, and advising the site’s users about how to post CSAM.

    In addition to Katsampes, eight individuals have been convicted and sentenced in the Southern District of Florida for their involvement in running the primary site targeted by Operation Grayskull.

    Defendant Residence Case Status
    Selwyn David Rosenstein Boynton Beach, Florida

    Pleaded guilty to conspiracy to advertise child pornography, five counts of advertisement of child pornography, and possession of child pornography.

    Sentenced on Dec. 12, 2022, to 28 years in prison and ordered to pay $80,500 in restitution to victims of his offense.

    Matthew Branden Garrell Raleigh, North Carolina

    Pleaded guilty to conspiracy to advertise child pornography and conspiracy to distribute child pornography.

    Sentenced on Aug. 1, 2023, to 20 years and 10 months in prison and ordered to pay $158,500 in restitution to victims of his offense.

    Robert Preston Boyles Clarksville, Tennessee

    Pleaded guilty to conspiracy to advertise child pornography and conspiracy to distribute child pornography.

    Sentenced on Aug. 15, 2023, to 23 years and four months in prison and ordered to pay $7,500 in restitution to victims of his offense.

    Gregory Malcolm Good Silver Springs, Nevada

    Pleaded guilty to conspiracy to advertise child pornography and conspiracy to distribute child pornography.

    Sentenced on Aug. 22, 2023, to 25 years and 10 months in prison and ordered to pay $93,500 in restitution to victims of his offense.

    William Michael Spearman Madison, Alabama

    Pleaded guilty to engaging in a child exploitation enterprise.

    Sentenced on Jan. 23, 2024, to life in prison and ordered to pay $123,400 in restitution to victims of his offense.

    Joseph Addison Martin Tahuya, Washington

    Pleaded guilty to engaging in a child exploitation enterprise.

    Sentenced on April 18, 2024, to 42 years in prison and ordered to pay $174,500 in restitution to victims of his offense.

    Joseph Robert Stewart Milton, Washington

    Pleaded guilty to conspiracy to advertise child pornography and conspiracy to distribute child pornography.

    Sentenced on April 18, 2024, to 23 years and 9 months in prison and ordered to pay $19,500 in restitution to victims of his offense.

    Keith David McIntosh Grand Rapids, Michigan

    Pleaded guilty to conspiracy to advertise child pornography and conspiracy to distribute child pornography, both as a person with a prior conviction for possession of child pornography.

    Sentenced on Dec. 19, 2024, to 55 years in prison.

    The website’s leaders advertised and distributed CSAM, promulgated rules for the website, enforced the rules by banning or scolding users who violated them, held staff meetings, recruited members to serve as staff members, recommended users for promotion, edited and deleted user posts, praised individuals for participating in and contributing to the website, kept records of CSAM posts made by individual members, and paid for and maintained the website servers, among other things.

    Operation Grayskull resulted in the dismantling of a total of four sites dedicated to images and videos depicting child sexual abuse. These websites were some of the most egregious on the dark web, and they included sections specifically dedicated to infants and toddlers, as well as depictions of violence, sadism, and torture. The websites also contained detailed advice on how to avoid detection by law enforcement – for example, by using sophisticated technologies.

    In other judicial districts around the country, nine additional individuals have been convicted for their involvement with these websites, including the following:

    • Charles Hand, of Aberdeen, Maryland, was prosecuted in the District of Maryland and was sentenced to 14 years in federal prison;
    • Michael Ibarra, of Wenatchee, Washington, was prosecuted in the Eastern District of Washington and was sentenced to 12 years in prison;
    • Clay Trimble, of Fordyce, Arkansas, was prosecuted in the Eastern District of Arkansas and was sentenced to 18 years in prison;
    • David Craig, of Houston, Texas, was prosecuted in the Southern District of Texas and was sentenced to nine years in prison;
    • Robert Rella of Chesapeake, Virginia, was prosecuted in the Eastern District of Virginia and was sentenced to five years and eight months in prison;
    • Samuel Hicks, of Fort Wayne, Indiana, was prosecuted in the Northern District of Indiana and was sentenced to 16 years in prison;
    • Richard Smith of Dallas, Texas, was prosecuted in the Eastern District of Texas and was sentenced to 14 years in prison;
    • Patrick Harrison, of Grand Rapids, Michigan, was prosecuted in the Western District of Michigan and was sentenced to five years and ten months in prison.
    • Thomas Gailus, of Webbers Falls, Oklahoma, was prosecuted in the Eastern District of Oklahoma, and his sentencing is pending.

    Two other individuals in the United States died before being charged for their involvement with the websites. The operation also resulted in arrests in the United Kingdom, the Netherlands, Italy, Germany, Estonia, Belgium, and South Africa.

    The FBI’s Child Exploitation Operational Unit and Miami Field Office, West Palm Beach Resident Agency investigated the cases.

    Acting Deputy Chief Kyle P. Reynolds and Trial Attorney William G. Clayman of the Justice Department’s Child Exploitation and Obscenity Section (CEOS) and former Assistant U.S. Attorney Gregory Schiller of the Southern District of Florida coordinated the operation and prosecuted the defendants in the Southern District of Florida.

    Substantial assistance for the cases prosected in the Southern District of Florida was provided by FBI Field Offices and Resident Agencies in Huntsville, Alabama; Reno, Nevada; Clarksville, Tennessee; Raleigh, North Carolina; Madison, Wisconsin; Tacoma, Washington; Grand Rapids, Michigan; and Minneapolis, Minnesota; CEOS’s High Technology Investigative Unit; and the U.S. Attorney’s Offices for the Northern District of Alabama, District of Nevada, Middle District of Tennessee, Eastern District of North Carolina, Western District of Wisconsin, Western District of Washington, Western District of Michigan, and District of Minnesota.

    This case was brought as part of Project Safe Childhood, a nationwide initiative launched in May 2006 by the Department of Justice to combat the growing epidemic of child sexual exploitation and abuse. Led by U.S. Attorneys’ Offices and CEOS, Project Safe Childhood marshals federal, state and local resources to better locate, apprehend and prosecute individuals who exploit children via the Internet, as well as to identify and rescue victims. For more information about Project Safe Childhood, please visit www.justice.gov/psc.

    MIL Security OSI

  • MIL-OSI USA News: Wide Acclaim for President Trump’s Visionary AI Action Plan

    Source: US Whitehouse

    Yesterday, the White House unveiled the Trump Administration’s transformative strategy to propel the United States into a new era of artificial intelligence dominance. Under President Donald J. Trump’s leadership, this groundbreaking blueprint establishes core tenets to accelerate innovation, fortify essential infrastructure, and assert U.S. leadership in diplomacy and security — cementing our position as the global AI powerhouse.

    As Nvidia CEO Jensen Huang put it: “America’s unique advantage that no country could possibly have is President Trump.”

    The AI Action Plan was immediately hailed across the technology industry:

    AI Innovation Association President Steve Kinard: “President Trump’s AI Action Plan is a bold path to global American leadership. Every American citizen, company, university and institution has a role to play. By prioritizing American workers, free speech, and security, it positions the U.S. to win the AI race and usher in a new era of prosperity and strength. The AI Innovation Association stands ready to support this initiative.”

    Alliance for the Future: “The White House just advanced a more unified national AI strategy. States with clear, effective AI policies will be better positioned for federal support. A strong step toward alignment, innovation, and leadership.”

    Amazon: “Amazon supports & continues to work at the state and federal level to establish consistent standards that promote the secure, responsible development of AI. We look forward to continued collaboration to fully realize AI’s potential in driving economic growth & tech advancement.”

    American Beverage: “We applaud President Trump’s action plan to ensure America’s continued leadership in the global pursuit of artificial intelligence innovation and infrastructure. Maintaining our edge in this technology is important to the growth of American manufacturing and the good-paying jobs manufacturers provide in communities across the country.”

    Chevron Corporation Chairman and CEO Mike Wirth: “President Trump’s American AI Action Plan is a bold and necessary step to ensure the United States leads the next great technological revolution. As I’ve said before, America has triumphed in every industrial era—from steel to energy—and we have the power and leadership to do it again in artificial intelligence. This plan recognizes that AI innovation doesn’t happen in a vacuum—it demands reliable, scalable energy and infrastructure. By streamlining permitting, investing in data centers, and unleashing American energy, the President is laying the foundation for a future where AI strengthens our economy, our national security, and our global leadership. Chevron stands ready to help power this future.”

    American Edge Project CEO Doug Kelly: “President Trump’s AI Action Plan is a giant leap forward in the race to secure American leadership in artificial intelligence. By prioritizing innovation, infrastructure, talent, and global reach, the plan confronts key barriers to American competitiveness, begins to fill long-standing gaps in our national strategy, and helps position the U.S. to beat China in this high-stakes tech race … Time is of the essence: China has had a national plan for global AI leadership since 2017, and is executing it relentlessly with talent, infrastructure, state-backed investment, and international influence. This is our moonshot moment. Now is the time for the country to rally together behind a shared, national mission to win the AI race. The stakes could not be higher.”

    American Innovators Network: “The American Innovators Network (AIN), a national organization representing American Little Tech companies, commends President Trump and his administration for their bold and decisive action to counter China’s growing influence in the global AI landscape. The new guidelines and recommendations unveiled today mark a pivotal moment in securing America’s dominance in this critical technological race, and we are grateful for President Trump’s leadership in prioritizing policies that empower innovation and strengthen our national competitiveness.”

    American Society of Association Executives President and CEO Michelle Mason: “President Trump’s Artificial Intelligence Action Plan strategically positions the United States as a global leader in the development and deployment of AI technology. ASAE applauds the focus on industry-driven training programs that equip workers with the skills they need to be successful in the workforce of tomorrow. ASAE’s members are eager to support efforts to create these training programs, and we encourage continued collaboration between the federal government and the association community.”

    Americans for Prosperity Chief Government Affairs Officer Brent Gardner: “President Trump’s AI Action Plan will ensure America leads the world in innovation, economic freedom, and technological progress. By removing regulatory roadblocks, empowering innovative small business owners, and embracing open-source development, this plan puts the ingenuity of the American people—not bureaucrats—in the driver’s seat of the AI revolution. This move by the White House rightly course-corrects four years of Biden-era efforts to centrally control AI development and stifle American innovation. We applaud the administration’s commitment to protecting free speech and ensuring private-sector breakthroughs aren’t halted by burdensome regulation. It’s now time for Congress to work alongside the administration to codify these efforts in order to create generational change that will enable AI adoption across industries, remove permitting barriers to build infrastructure, and unleash innovation.” 

    Anthropic: “Today, the White House released ‘Winning the Race: America’s AI Action Plan’—a comprehensive strategy to maintain America’s advantage in AI development. We are encouraged by the plan’s focus on accelerating AI infrastructure and federal adoption, as well as strengthening safety testing and security coordination. Many of the plan’s recommendations reflect Anthropic’s response to the Office of Science and Technology Policy’s (OSTP) prior request for information … The alignment between many of our recommendations and the AI Action Plan demonstrates a shared understanding of AI’s transformative potential and the urgent actions needed to sustain American leadership. We look forward to working with the Administration to implement these initiatives while ensuring appropriate attention to catastrophic risks and maintaining strong export controls. Together, we can ensure that powerful AI systems are developed safely in America, by American companies, reflecting American values and interests.”

    Arm: “We commend the Administration’s actions to unleash investment in AI, semiconductors, and the energy to power it. Arm, together with our partners, is working rapidly to bring AI to all forms of computing. Today’s announcements will accelerate AI data center and cloud infrastructure deployment in particular, while advancing plans to promote exports of the U.S. AI stack and ensuring American technology innovation. We look forward to continuing to work with the Administration as it enacts and builds on today’s actions.” 

    Box CEO Aaron Levie: “America’s AI Action Plan is quite strong. It has a clear a mission to win the AI race and accelerate the development and use of AI by removing roadblocks or aiding adoption. Importantly, it focuses on the positive benefits of AI, which we’re all seeing every day.”

    Business Roundtable: “BRT supports the @WhiteHouse AI Action Plan’s efforts to strengthen infrastructure, advance permitting reform, invest in workforce development and develop clear frameworks that empower US businesses to accelerate AI innovation and adoption.”

    Business Software Alliance CEO Victoria Espinel: “The White House AI Action Plan offers a roadmap for the United States’ AI future anchored on the adoption of technology. The Business Software Alliance welcomes ‘America’s AI Action Plan’ for addressing a range of issues including talent and workforce development, infrastructure and data, and AI governance that serve as pillars for successful AI adoption and US competitiveness. BSA appreciates the Action Plan’s commitment to creating the essential conditions for widespread AI adoption. The Action Plan advances key BSA recommendations for AI talent, including developing an AI skills curriculum, improving access to training resources, and leveraging real-time workforce data. It emphasizes the development of critical infrastructure and reliable energy resources necessary to scale AI deployment. The Action Plan also reinforces the roles of the Center for AI Standards and Innovation (CAISI) and NIST in the development of standards and evaluation tools, a foundation for both domestic AI governance and in promoting international collaboration on AI. Additionally, the Action Plan streamlines government procurement processes, enabling public-sector agencies to more effectively access and adopt cutting-edge commercial AI solutions.”

    Center for Data Innovation Senior Policy Manager Hodan Omaar: “The AI Action Plan shows the Trump administration is serious about winning the global AI race. It marks a clear evolution from the President’s 2019 AI initiative and reflects just how dramatically the global AI landscape has shifted over the past six years. The plan rightly recognizes that beating China demands a comprehensive effort—unleashing infrastructure to fuel model development, removing regulatory frictions that slow development and deployment, and promoting the export of American AI technology. These steps put the United States on a path not only to benefit from AI today, but to remain the global leader in the future.”

    Connected Nation Chairman and CEO Tom Ferree: “This marks a transformational moment for American innovation. The release of the National AI Action Plan signals to the world that the United States intends not only to compete—but to lead—in the global race for artificial intelligence. We applaud the Trump Administration’s bold and comprehensive strategy, which rightly prioritizes accelerating innovation, unleashing infrastructure investment, and ensuring our nation’s AI capabilities are second to none. Connected Nation enthusiastically supports the plan’s focus on building out data center capacity, fast-tracking permitting, and expanding our skilled workforce. These are critical steps toward positioning the U.S. as the undisputed hub of next-generation computing.”

    Consumer Choice Center Head of Emerging Technology Policy James Czerniawski: “The AI Action Plan is a bold vision for the future of ensuring AI leadership by the Trump administration. The Golden Age of America is made possible when we position our innovators to be as successful as possible, ensuring American consumers can benefit from the AI revolution happening on our shores. The economy of tomorrow starts with the building blocks laid out in this action plan. The provision which reviews rulemaking of the Federal Trade Commission is especially encouraging, quashing legal theories that would complicate or slow American consumers gaining access to AI technologies. This is a world of difference from the hostile regulatory approach of the Biden Administration, and a welcome breath of fresh air for consumers who want cutting-edge tech.”

    Consumer Technology Association CEO Gary Shapiro: “Congratulations to @POTUS and the @WhiteHouse team on an AI Action Plan recognizing the U.S. must win the global AI race. The plan cuts red tape for innovators, boosts AI adoption across sectors, supports a future-focused AI workforce, and advances the American AI tech stack as the foundation for global tech growth.”

    Data Center Coalition President Josh Levi: “The Data Center Coalition thanks President Trump for releasing Winning the AI Race: America’s AI Action Plan—a bold framework to ensure the United States remains the undisputed global leader in artificial intelligence. The administration’s plan recognizes that developing a robust domestic data center industry is vital to promoting U.S. national security, global economic competitiveness, and continued American AI dominance … Today’s announcement is a major step forward, and we look forward to continuing to work with the administration and lawmakers to ensure the U.S. remains at the forefront of global innovation and digital resilience.”

    Dell Technologies CEO Michael Dell: “Proud to see the White House AI Action Plan accelerating innovation, building home‑grown AI infrastructure, and strengthening America’s security. 🇺🇸 Dell Technologies is all‑in—ready to power U.S. ingenuity, create jobs, and keep us leading the future. 🚀”

    GE Vernova Chief Corporate Officer, Chief Sustainability Officer, and Head of Government Affairs Roger Martella: “It was energizing to see the White House release its action plan today on how the U.S. can make significant strides with leading on #ArtificialIntelligence and #datacenters for the nation and its partners, advancing strategic efforts on a most critical part of the #innovation economy.”

    Gecko Robotics: “Gecko Robotics welcomes the AI action plan published by the White House today. The United States must win the global AI race and will only do so by using artificial intelligence to supercharge energy production itself. At the same time, it is critical that we collect and use high-fidelity data to feed AI models, and we remain at the forefront of leading this charge.”

    General Catalyst Institute President Teresa Carlson: “Today, the Trump Administration unveiled their widely-anticipated AI Action Plan. Upon review, I am encouraged by their pro-growth approach that prioritizes American innovation, national security, and federal leadership over bureaucratic barriers. This policy was not crafted in a vacuum. It was part of an inclusive process, where earlier this year the General Catalyst Institute submitted views on behalf of startups as to how best deepen America’s AI leadership through transformative technologies.”

    Heritage Foundation Center for Technology and the Human Person Acting Director Wesley Hodges: “The AI Action Plan is a call for a new industrial renaissance, an ambitious strategy that the Administration should be commended for leading. It charts the course for building significant domestic compute infrastructure—from expanding energy capacity, to constructing data centers and increasing domestic advanced semiconductor manufacturing. At the same time, the plan also emphasizes that American AI technology must be developed free of ideological bias, and ensure working families are benefited and not left behind. We look forward to supporting the administration’s work to align this technology with human flourishing.”

    IBM Chairman and CEO Arvind Krishna: “IBM applauds the White House for its bold and timely AI Action Plan, which prioritizes open innovation, strengthens U.S. technological leadership, and proposes a supportive regulatory environment for AI development and deployment. The plan is a critical step towards harnessing AI for sustained economic growth and national competitiveness.”

    Information Technology Industry Council President and CEO Jason Oxman: “President Trump’s AI Action Plan presents a blueprint to usher in a new era of U.S. AI dominance. The administration’s vision takes essential steps to ensure the U.S. can win the global AI race by prioritizing U.S. energy production and infrastructure development to power AI’s growth, promoting U.S. AI leadership internationally by supporting the export of the full stack of American AI technologies to partners and allies, and accelerating adoption of AI across the public and private sectors. Importantly, the President’s Plan includes key directives for agencies and communicates clear U.S. policy objectives that will encourage widespread adoption and fuel U.S. technological and economic competitiveness. As agencies begin implementing the President’s plan, we encourage policymakers to invest in modernizing government technology and to leverage industry’s deep expertise to maintain America’s AI leadership.”

    Internet Works Executive Director Peter Chandler: “As the AI race accelerates globally, it’s encouraging to see policymakers recognize the need for bold investment in innovation, adoption, and infrastructure.  Middle Tech companies, many of whom are deployers and integrators of AI tools, are essential to ensuring that AI benefits reach small businesses, everyday users, and communities across the country. We welcome the Trump Administration’s emphasis on modernizing our digital and energy infrastructure and expanding support for open, responsible AI development and adoption.  To win the AI race, we need policy frameworks that are risk-based and right-sized—supporting trust, safety, and competition across the full tech ecosystem. Internet Works stands ready to partner with leaders at every level to shape an AI future that’s secure, innovative, and built for everyone.”

    Lightspeed Venture Partners Founder Ravi Mhatre: “In AI, you either own the frontier or get commoditized. The AI Action Plan helps ensure that America continues to build by streamlining regulation, identifying opportunities for AI to scale, and getting more energy online. It will help ensure America owns the future of AI while others still try to catch up to what we built yesterday.”

    Lumen Technologies: “Lumen Technologies supports the Administration’s AI Action Plan and its call for a unified framework to accelerate AI innovation and next-generation fiber infrastructure deployment across the U.S. As a leading networking services company building the digital backbone for AI, Lumen is investing heavily to meet the demands of AI-driven enterprises and public-sector modernization and understands the criticality of secure, high-performance networks. We applaud the efforts included in the plan by the FCC, OMB and OSTP that aim to reduce regulatory barriers to innovation, modernize permitting, and streamline the NEPA review process for critical fiber and data center infrastructure. Winning the AI future requires clear, consistent policies that accelerate nationwide deployment of network infrastructure and public-private partnerships that turn this plan into reality. Lumen stands ready to work with federal and state agencies to ensure America leads the AI revolution.”

    Meta Chief Global Affairs Officer Joel Kaplan: “The AI race is about the future of US economic power & national security. President Trump’s strong leadership on AI will help us keep our foot on the gas. We’re in the middle of a fierce competition with China for AI leadership. The White House’s AI Action Plan is a bold step to create the right regulatory environment for companies like ours to invest in America. @Meta is proud to be investing hundreds of billions of dollars in job-creating infrastructure across the US, including state-of-the-art data centers, creating American jobs in the process.”

    Micron Technology President and CEO Sanjay Mehrotra: “We support the White House’s AI Action Plan, which underscores the strategic importance of U.S. semiconductor manufacturing as critical infrastructure for the global AI economy. Memory is foundational to AI — powering technologies across data centers, automotive, telecommunications, defense, and consumer electronics. As the only U.S.-based memory manufacturer and a technology leader, Micron is investing $200 billion in manufacturing and R&D to create 90,000 American jobs and help ensure U.S. leadership in the AI era through a resilient and secure supply chain.”

    National Association of Manufacturers President and CEO Jay Timmons: “Reflecting President Trump’s vision for the United States to lead on artificial intelligence, the White House’s AI Action Plan underscores what manufacturers across the country already know: AI is no longer a future ambition—it is already central to modern manufacturing. For years, manufacturers have been developing and deploying AI-driven technologies—machine vision, digital twins, robotics and more—to make shop floors safer, strengthen supply chains and drive growth.”

    National Association of Realtors EVP and Chief Advocacy Officer Shannon McGahn: “We applaud the administration’s release of Winning the AI Race: America’s AI Action Plan, which reinforces the U.S. as a global leader in this transformative technology. It’s especially encouraging to see real estate infrastructure recognized as a cornerstone of America’s future. Housing is essential to economic strength and innovation, and we urge policymakers to apply the plan’s smart permitting strategies to help tackle today’s housing supply crisis.”

    National Association of Wholesaler-Distributors: “The National Association of Wholesaler-Distributors (NAW) applauds President Trump’s newly released AI Action Plan, which outlines a comprehensive and forward-looking approach to federal artificial intelligence (AI) policy. We are particularly encouraged to see several of NAW’s recommendations—submitted during the Administration’s Request for Information process in March—reflected in the plan … NAW looks forward to continuing to work with the Administration to ensure the outcomes from the Action Plan support further AI deployment and adoption across the wholesale distribution industry.”

    National Mining Association President and CEO Rich Nolan: “The administration’s recognition of the importance of existing power plants and prioritization of safeguarding them is clear acknowledgement that the coal fleet is essential to U.S. AI leadership. For the U.S. to guide and shape the AI revolution – and seize this tremendous opportunity – we need a grid and energy resources capable of shouldering the enormous new electricity demand now on our doorstep. Prioritizing the ongoing operation of essential coal plants – with the capacity to meet increased demand – combined with reforming our power markets around the goal of grid stability articulated in this action plan puts us firmly on the path for success.”

    NetChoice Director of Policy Patrick Hedger: “NetChoice applauds the White House’s AI Action Plan overall and is encouraged to see the focus on red tape reduction and investment in America’s future. From unleashing energy to embracing regulatory humility and ensuring our AI systems are adopted around the world, we look forward to working with the President to usher in the Golden Age of American innovation. The difference between the Trump administration and Biden’s is effectively night and day. The Biden administration did everything it could to command and control the fledgling but critical sector. That is a failed model, evident in the lack of a serious tech sector of any kind in the European Union and its tendency to rush to regulate anything that moves. The Trump AI Action Plan, by contrast, is focused on asking where the government can help the private sector, but otherwise, get out of the way.”

    Oil and Gas Workers Association: “President Trump’s EO for rapid buildout of data centers means more demand for reliable, affordable natural gas. Demand = Drilling … Drilling = Jobs … Thank you, @POTUS!”

    Palantir: “AI is the birthright of the country that harnessed the atom and put a man on the moon. With today’s AI Action Plan, the Trump Administration has written the source code for the next American century. Palantir is proud to support it.”

    QTS Co-CEO Tag Greason: “The Trump Administration’s AI Action Plan will advance efforts to ensure the United States maintains leadership in AI, including both technology development and critical digital infrastructure. As the digital infrastructure leader, QTS is focused on responsibly and sustainably building the future of our country and economy. We continue to listen and engage with the communities we call home with a steadfast commitment to providing job opportunities, fostering economic growth, working with local suppliers, and operating as trusted neighbors. This historic action and investment will directly benefit communities where we are developing data centers for AI.”

    Salesforce Inc. President and Chief Legal Officer Sabastian Niles: “We welcome the Administration’s strong emphasis on AI adoption, workforce readiness, and government modernization in today’s AI Action Plan. Trusted AI will be a cornerstone of national competitiveness, security, and continued American innovation.  Salesforce is committed to helping the public and private sectors harness its full potential.”

    Siemens USA President and CEO Barbara Humpton: “Excited to join business leaders today for the launch of The White House’s #AIActionPlan boosting American leadership in #AI and innovation to greater heights. Every day, Siemens USA is using #IndustrialAI to revitalize U.S. #manufacturing, build critical #infrastructure, and expand what’s humanly possible for American workers. We’re creating a new industrial tech sector that combines the real and digital worlds, thanks to Industrial AI, digital twins, software-defined automation, and more. Of course, no company can truly lead in AI without a solid foundation of trust. That’s why I was so pleased to see a framework for accelerating innovation while maintaining security included in the AI Action Plan. By focusing on secure infrastructure, industrial R&D, digital transformation, and workforce development, we can help manufacturers of all sizes join the next AI-driven industrial revolution. It’s an exciting time for Industrial AI, and I can’t wait to see where Siemens, our customers, and our partners will go next with this industry-changing technology.”

    Small Business & Entrepreneurship Council President and CEO Karen Kerrigan: “America’s AI future is a powerful and positive one that expands opportunities and unlocks new possibilities and industries. U.S. entrepreneurs are the driving force behind AI innovation, and small business owners are already benefitting from transformative AI tools. The possibilities and opportunities are boundless, but the U.S. must continue to lead and win the AI race. ‘America’s AI Action Plan’ lays out a strategy to make that happen. The plan embraces America’s innovative potential and addresses the incentives and hurdles to fully harness innovation, including the human and physical infrastructure required to cement U.S. leadership. SBE Council congratulates President Trump and the White House team for developing an extraordinary AI Action Plan, and we look forward to working with the Administration and Congress on its implementation.”

    Society for Human Resource Management: “The President’s plan is not just about technology—but about people. The emphasis is on a worker-first approach that addresses American competitiveness in an AI-driven workforce. The plan reflects a fundamental truth that SHRM has long championed: technology alone does not move the workplace forward—people do.”

    Software & Information Industry Association SVP for Global Public Policy Paul Lekas: “The AI Action Plan represents a meaningful strategy to support innovation and security, strengthen U.S. competitiveness, and ensure the benefits of AI are broadly shared. This plan provides the roadmap to cement the United States as the global leader in AI by supporting innovation and security, strengthening U.S. competitiveness, and ensuring the benefits of AI are broadly shared. We’re especially encouraged by the plan’s focus on workforce development and AI literacy as core elements of AI infrastructure. These are key components for building trust and ensuring all communities can participate in and benefit from AI’s potential.”

    Special Competitive Studies Project President Ylli Bajraktari: “Building on the foundational work of the National Security Commission on Artificial Intelligence (NSCAI), SCSP has consistently advocated for a comprehensive national strategy to secure America’s technological future. This AI Action Plan provides a critical component for winning the techno-economic competition of the 21st century. It correctly identifies that our national security and economic prosperity, as well as America’s global leadership position, are now intertwined with leadership in AI. We are committed to helping transform this strategic vision into enduring national policy.”

    TechNet CEO Linda Moore: “TechNet strongly supports the administration’s AI Action Plan and is especially grateful for their willingness to work with industry to establish best practices. This policy framework takes critical steps towards developing a strong domestic workforce, building critical AI infrastructure, launching public-private partnerships, removing regulatory barriers to innovation, strengthening the domestic AI stack, and enhancing U.S. global AI diplomacy. The AI Action Plan makes clear that countering Chinese influence and securing America’s leadership in the AI race are top priorities for the United States. We look forward to continuing to work closely with the administration on policies that advance AI innovation while safeguarding the public interest and ensuring America’s global AI dominance.”

    The James Madison Institute Director of National Strategy Edward Longe: “Trump’s AI action plan isn’t just federal policy—it’s a blueprint state lawmakers should follow immediately to root out the regulatory creep that’s strangling AI, even in red states.”

    U.S. Chamber of Commerce EVP and Chief Policy Officer Neil Bradley: “We applaud President Trump and his administration for issuing the AI Action Plan to strengthen U.S. global leadership in artificial intelligence. This forward-looking plan takes steps to accelerate innovation by fixing a regulatory landscape hobbled by conflicting state-level laws and activist-driven overreach, streamlining permitting for critical AI infrastructure, ensuring reliable and affordable energy for consumers and businesses, and advancing U.S. leadership in AI diplomacy. These proposed actions will position the United States to tackle our most pressing challenges and lead the global AI race by setting the gold standard for the development and deployment of responsible, transformative technologies. America is counting on this crucial technology to propel economic growth for all sectors, from small business to energy and health care, and the AI Action Plan presents a roadmap to unlock AI’s full potential. We will work with the administration to help implement this plan and foster a competitive, open, and innovation-driven AI ecosystem.”

    USTelecom President and CEO Jonathan Spalter: “The Trump Administration’s AI action plan is a turbo boost for American innovation. From clearing regulatory roadblocks to reforming outdated permitting to doubling down on security, this is the kind of bold leadership we need to win the AI race. But even the best-engineered AI needs a track built for speed—and that’s where fiber comes in. Fiber broadband is the fast lane for America’s AI future: powerful, secure, scalable, and built to go the distance, whether you’re in a big city or a heartland town. Broadband providers are tuned up, fully fueled, and ready to work with the Administration to help America stay a lap ahead in the competition for AI leadership.”

    Workday VP of Corporate Affairs Chandler Morse: “Workday has long advocated for federal action that drives critical AI innovation and builds trust. The Administration’s AI Action Plan, announced today, seeks to avoid excessive regulatory hurdles, elevate human potential through targeted and timely reskilling, and accelerate AI adoption at the federal level. This sends a strong message to federal agencies, the U.S. economy, and global stakeholders on the benefits of driving AI competitiveness.”

    xAI: “Today’s announcement by the White House is a positive step toward removing regulatory barriers and enabling even faster innovation for the benefit of Americans and for humanity as a whole. We are pleased to see the White House prioritize AI innovation.”

    Zoom Chief Global Affairs Officer Josh Kallmer: “Just got back from an inspiring day where I had the opportunity to be part of the conversation around the President’s #AI Action Plan. It was energizing to see so many leaders across industries coming together to talk about the future of AI in the U.S.”

    MIL OSI USA News

  • MIL-OSI Russia: Breaking: 9 More Chinese Cities Accredited as International Wetland Cities, Maintaining World Lead in Number of Wetland Cities

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    An important disclaimer is at the bottom of this article.

    Source: People’s Republic of China – State Council News

    VICTORIA FALLS, ZIMBABWE, July 24 (Xinhua) — Nine more Chinese cities were accredited as international wetland cities on Thursday during the opening of the 15th meeting of the Conference of the Parties to the Ramsar Convention on Wetlands (COP15) held in the Zimbabwean resort town of Victoria Falls, bringing the total number of such cities in China to 22, the highest in the world. -0-

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News

  • MIL-OSI USA: Attorney General Labrador’s ICAC Task Force Arrests Cassia County Man for Child Exploitation

    Source: US State of Idaho

    Home Newsroom Attorney General Labrador’s ICAC Task Force Arrests Cassia County Man for Child Exploitation

    BOISE — Attorney General Raúl Labrador has announced that investigators with his Idaho Internet Crimes Against Children (ICAC) Unit arrested Theodore Prevost on Tuesday, July 22, 2025, for alleged sexual exploitation of a child.
    “My office and ICAC unit remain committed to protecting families, educating parents, and keeping children safe online,” said Attorney General Labrador. “Anyone in Idaho who uses the internet to exploit minors will be found and held accountable by our ICAC investigators.”
    Forty-eight-year-old Theodore Prevost has been charged with four counts of distribution and two counts of possession of visual representations of a child through computer-generated imagery. Further charges are potentially pending.  The Idaho ICAC Unit was assisted by the Cassia County Sheriff’s Office, the Rupert Police Department, affiliates from the Meridian Police Department, and Idaho Falls Police Department.  Anyone with information regarding the exploitation of children is encouraged to contact local police, the Attorney General’s ICAC Unit at 208-947-8700, or the National Center for Missing and Exploited Children at 1-800-843-5678.  The Attorney General’s ICAC Unit works with the Idaho ICAC Task Force, a coalition of federal, state, and local law enforcement agencies, to investigate and prosecute individuals who use the internet to criminally exploit children. Parents, educators, and law enforcement officials can find more information and helpful resources at the ICAC website, ICACIdaho.org.

    MIL OSI USA News

  • MIL-OSI: LECTRA: Second Quarter and First Half 2025 financial report available

    Source: GlobeNewswire (MIL-OSI)

    Second Quarter and First Half 2025 financial report available

    Paris, July 24, 2025 – Lectra informs its shareholders, in compliance with Article 221-4-IV of the General Regulation of the Autorité des marchés financiers, that the Management Discussion and Analysis of Financial Condition and Results of Operations for the Second Quarter and First Half of 2025 is available on the company’s website: www.lectra.com

    It is also available, upon request, at the company’s headquarters 16-18 rue Chalgrin, 75016 Paris (email: investor.relations@lectra.com ).

    Copy of this document was filed with the AMF.

      

    About Lectra :  

    At the forefront of innovation since its founding in 1973, Lectra provides industrial intelligence technology solutions—combining software in SaaS mode, cutting equipment, data, and associated services—to players in the fashion, automotive and furniture industries. With boldness and passion, Lectra accelerates the transformation and success of its customers in a world in perpetual motion thanks to the key technologies of Industry 4.0: AI, big data, cloud and the Internet of Things.   

    The Group is present in more than one hundred countries. It operates three production sites for its cutting equipment, located in France, China and the United States. Lectra’s 3,000 employees are driven by three core values: being open-minded thinkers, trusted partners and passionate innovators. They all share the same concern for social responsibility, which is one of the pillars of Lectra’s strategy to ensure its sustainable growth and that of its customers.  

    Lectra reported revenues of €527 million in 2024, including €77 million coming from its SaaS offerings. The company is listed on Euronext, and is included in the CAC All Shares, CAC Technology, EN Tech Leaders and ENT PEA-PME 150 indices. 

    For more information, please visit lectra.com.  

    Lectra – World Headquarters et siège social : 16–18, rue Chalgrin • 75016 Paris • France 
    Tél. +33 (0)1 53 64 42 00 – lectra.com 
    Société anonyme au capital de 37 966 274 €. RCS Paris B 300 702 305 

    Attachment

    The MIL Network

  • MIL-OSI: Trader AI: This Trader AI App Sets New Standard in AI-Driven Trading with Unmatched Security and User Approval

    Source: GlobeNewswire (MIL-OSI)

    New York City, NY, July 24, 2025 (GLOBE NEWSWIRE) — Trader AI, a pioneering fintech platform specializing in AI-powered cryptocurrency trading, today announces the launch of its fully integrated trading robot tailored specifically for Canadian investors. Building on extensive development and rigorous testing, Trader AI delivers a secure, compliant, and highly automated solution designed to help both novice and experienced traders optimize returns while effectively managing risk.

    By seamlessly combining advanced machine learning algorithms, real-time market analysis, and regulatory compliance, Trader AI establishes itself as a frontrunner in the emerging landscape of AI-driven crypto trading. With the cryptocurrency market expanding rapidly—exceeding USD 50 billion in annual trading volume—investors are seeking innovative tools that simplify trading processes without compromising on security or transparency. Trader AI’s newly announced features and localized support address these needs directly, empowering Canadians to participate confidently in digital asset markets.

    Key Highlights:

    • AI-Powered Signal Generation: Proprietary machine learning models continuously scan global crypto markets to identify high-probability trade setups across major coins—including Bitcoin (BTC), Ethereum (ETH), and top altcoins—enabling swift, data-driven decision-making.
    • Fully Automated Execution: Direct API integrations with FINTRAC-registered Canadian brokerages ensure that algorithmic signals translate instantly into live orders, minimizing latency and slippage.
    • User-Centric Interface: A clean, intuitive dashboard guides users from registration to live trading in under 20 minutes, supported by a built-in demo mode for risk-free practice and an optional manual trading toggle for advanced traders.
    • Robust Risk Management: Dynamic stop-loss and take-profit mechanisms adjust automatically to real-time volatility metrics, while customizable position-sizing algorithms safeguard capital with preset risk thresholds.
    • Transparent Fee Structure: Trader AI requires a minimum deposit of USD 250 and operates commission-free—fees are embedded solely within market-standard spreads, ensuring full cost transparency.
    • Canadian-Focused Compliance: With partnerships in Ontario and British Columbia, Trader AI operates alongside regulated broker-dealers, maintains PIPEDA-aligned data practices, and offers optional KYC verification for withdrawals exceeding CAD 2,000 per month.
    • Localized Support & Education: 24/7 live chat, toll-free phone lines, region-specific webinars on taxation and compliance, and a bilingual knowledge base demonstrate Trader AI’s commitment to serving Canada’s diverse trading community.

    Visit Here to Register on the Trader AI – Select Your Country Here!!!

    Trader AI’s Mission: Democratizing Crypto Trading 

    In recent years, the cryptocurrency sector has witnessed explosive growth—often accompanied by elevated volatility, regulatory uncertainty, and a steep learning curve for newcomers. Recognizing these challenges, Trader AI was conceived to bridge the gap between sophisticated algorithmic trading and accessibility for everyday Canadians. By leveraging artificial intelligence, the platform aims to automate labor-intensive tasks such as trend analysis, technical indicator computation, and real-time order generation, freeing users from the need to monitor markets around the clock.

    How Trader AI Works: A Technical Overview

    According to official website, Trader AI’s core engine is anchored in a multi-layered AI architecture that integrates supervised learning, deep neural networks, and real-time data aggregation. Below is an outline of the platform’s operational framework:

    1. Comprehensive Market Data Aggregation
      • Trader AI continuously ingests live order book data, trade histories, volume indicators, and social sentiment inputs from over 20 global exchanges.
      • All incoming data undergoes cleaning and normalization, ensuring consistency for downstream machine learning modules.
    2. Machine Learning and Pattern Recognition
      • A combination of supervised models—trained on historical price movements from January 2017 to December 2024—and unsupervised clustering algorithms identify characteristic market patterns, such as sudden volume surges, technical divergence, and on-chain network activity that historically precedes price shifts.
      • Periodic model retraining occurs every four weeks, incorporating the most recent market data to adapt to evolving conditions.
    3. Signal Generation and Scoring
      • When the AI identifies a pattern that meets predefined confidence thresholds (typically 70–85% probability), it issues a trade signal complete with suggested entry price, stop-loss, take-profit levels, and ideal position size relative to account equity.
      • Each signal is assigned a Signal Quality Score (SQS)—a proprietary metric ranging from 0 to 100—that reflects confidence based on factors such as liquidity depth, volatility, and historical win rate for similar setups.
    4. Automated Order Execution
      • Upon user authorization (via the “Auto-Trade” toggle), signals are dispatched instantly through secure API connections to partnered Canadian brokerages and select international exchanges.
      • In live conditions, orders are executed with an average round-trip latency of under 150 milliseconds, minimizing the risk of slippage during periods of heightened volatility.
    5. Dynamic Risk Management
      • Stop-loss and take-profit parameters adjust in real-time based on Average True Range (ATR) and Bollinger Band expansions. For example, if an asset’s 24-hour volatility spikes above 8%, the AI narrows stop-loss bands by 10–15% to limit drawdown.
      • The platform’s Position Sizing Algorithm (PSA) calculates optimal trade size by referencing account balance, risk tolerance (e.g., 1–3% per trade), and portfolio diversification targets. Any deviation beyond preset risk thresholds triggers an automated alert or halts new allocations.

    Registration and Onboarding: Getting Started in Minutes

    Trader AI’s streamlined registration process has been optimized for speed, transparency, and regulatory compliance—ensuring that Canadian clients can begin trading quickly without unnecessary hurdles. The following steps outline the typical user journey from initial sign-up to live trading:

    1. Account Creation
      • Visit official website homepage, click “Sign Up,” and complete the registration form with basic information:
        • Full legal name
        • Email address
        • Country of residence (preselected as based on IP detection)
        • Phone number (for 2FA and important notifications)
      • Users must acknowledge the platform’s Terms of Service and Privacy Policy, both of which include specific disclosures regarding data handling under PIPEDA regulations.
    2. Email and Phone Verification
      • An email containing a verification link is sent immediately; clicking the link confirms the email address.
      • A one-time code (OTP) is dispatched to the registered phone number. Entering this code completes the two-step verification process.
    3. Demo Account Activation
      • Without any deposit requirement, new users receive CAD 10,000 in virtual funds to explore the platform’s features and test AI-generated signals.
      • The demo environment simulates real market conditions, including bid-ask spreads and execution latencies, enabling risk-free practice trades.
    4. Minimum Deposit and Funding Options
      • To transition from demo to live trading, a minimum deposit of USD 250 is required.
      • Canadian users may fund accounts via:
        • Interac e-Transfer: Funds clear within 1–2 business hours.
        • Credit/Debit Card (Visa/Mastercard): Instant funding up to CAD 5,000 per day for non-verified accounts.
        • Wire Transfer: Larger deposit limits (up to CAD 50,000 daily) with a 1–2 business day processing time.
      • Immediately after deposit confirmation, live trading features unlock—allowing users to choose between fully automated or manual signal execution.
    5. Optional KYC Verification
      • For withdrawals exceeding CAD 2,000 per month, users are prompted to complete Know Your Customer (KYC) verification by uploading:
        • A government-issued photo ID (e.g., driver’s license, passport)
        • Proof of address (e.g., utility bill, bank statement dated within the last 90 days)
      • KYC checks typically finalize within 24–48 hours, though urgent requests may be expedited upon user inquiry.
    6. Live Trading Activation
      • With funds deposited and (if necessary) KYC cleared, users can configure initial risk parameters—such as daily drawdown limits, maximum open trades, and preferred asset baskets.
      • The AI engine is now primed to generate signals. Traders can elect “Auto-Trade” to allow fully automated execution or opt to review and manually approve each AI recommendation.

    Core Features and Functionalities

    As per official website, Trader AI’s feature set has been refined to balance sophistication with usability—addressing the distinct needs of Canada’s diverse trading population. The following sections highlight the platform’s most compelling capabilities:

    1. AI-Powered Trade Signals

    • Proprietary Algorithms: Trader AI’s AI suite includes recurrent neural networks (RNNs) and convolutional neural networks (CNNs), which process time-series price data, order flow imbalances, and macroeconomic indicators to forecast short-term price movements.
    • Cross-Asset Analysis: Signals are not isolated to single-asset momentum. The system examines correlations between Bitcoin, major equities indices, and global macro events—such as central bank announcements—to adjust trading thresholds.
    • Signal Quality Score (SQS): Each trade recommendation includes an SQS metric (0–100) reflecting confidence based on factors like market depth, recent volatility shifts, and historical win rates for analogous setups. Users can filter signals by minimum SQS thresholds (e.g., ≥ 70) to ensure high-probability engagement.

    2. Automated Trade Execution

    • API Integrations: Trader AI maintains secure API connections with FINTRAC-registered Canadian brokerages—such as Maple Brokerage and Aurora Digital Assets—and renowned international exchanges. This reduces counterparty risk by routing orders through regulated entities rather than holding funds internally.
    • Low-Latency Order Routing: By co-locating servers near major exchange matching engines, Trader AI achieves average order round-trip times under 150 ms. This is critical during rapid price fluctuations when even small delays can erode profit margins.
    • Slippage Control: Users may elect “Maximum Slippage Tolerance” parameters (e.g., 0.1%–0.5% of trade size) to prevent orders from executing at disadvantageous prices. If slippage exceeds the user-defined threshold, orders are canceled automatically.

    3. Customizable Strategy Settings

    • Risk Tolerance Profiles: “Conservative,” “Moderate,” and “Aggressive” presets allow users to quickly adopt risk frameworks aligned with their goals. Conservative settings limit daily drawdown to 2% of account equity and cap leverage at 2x; moderate settings permit up to 4% drawdown and 5x leverage; aggressive settings enable up to 6% drawdown and 10x leverage (subject to brokerage approvals).
    • Asset Basket Creation: User-defined “Smart Baskets” group multiple cryptocurrencies—such as “Top 5 by Market Cap,” “Emerging DeFi Tokens,” or “Stablecoin Arbitrage.” The platform rebalances these baskets weekly based on performance, market capitalization changes, and liquidity metrics.
    • Volatility-Adaptive Stop-Loss: Stop-loss percentages are not static. Instead, they adjust proportionally to the 14-day Average True Range (ATR) and Bollinger Band expansions. For example, if the ATR for Bitcoin spikes from 2% to 4%, the stop-loss widens by 10–15% to avoid premature exit during heightened volatility.

    Join 125,000+ Traders Who’ve Unlocked Faster Withdrawals and Rock-Solid Security—Get Trader AI Now!

    4. Portfolio Diversification Engine

    • Balanced Allocation Recommendations: The AI provides suggested allocation percentages across multiple asset classes—e.g., 40% BTC, 25% ETH, 15% top-10 altcoins, and 20% stablecoins—based on risk-adjusted performance data and user-defined risk tolerance.
    • Correlated Asset Mitigation: By monitoring correlation coefficients between assets (e.g., BTC vs. ETH correlation of 0.85), the platform can reduce overweight positions to minimize systemic exposure. When correlation exceeds 0.9, the AI recommends temporary reallocation to lower-correlation assets.
    • Automated Rebalancing: Weekly portfolio rebalancing ensures that no single asset exceeds preset maximum exposure (e.g., 25% of total equity). If an asset’s value grows beyond this cap, the system executes partial sell orders and redistributes proceeds to underweighted categories.

    5. Comprehensive Reporting and Analytics

    • Real-Time Dashboard: The homepage features live P&L, open trade positions, daily profit percentages, and drawdown statistics. A customizable graph displays historical performance, including monthly ROI comparisons against benchmark indices like the S&P 500 and TSX Composite.
    • Sharpe Ratio & Sortino Ratio: Users can view risk-adjusted performance metrics to gauge risk efficiency. A Sharpe Ratio above 1.5 is highlighted in green, indicating favorable risk-adjusted returns. Sortino Ratio (which penalizes downside volatility) is also displayed for more precise risk assessment.
    • Trade History: A searchable log details each executed trade (entry price, exit price, timestamp, P&L, SQS). Users can filter by asset, date range, or trade outcome (win/loss). CSV export functionality enables further analysis in external tools.

    6. Security and Data Protection

    • SSL Encryption & Data Integrity: All data in transit is encrypted via AES 256-bit SSL/TLS protocols. Sensitive user information—such as login credentials and payment details—resides in encrypted databases with advanced hashing (bcrypt) and tokenization methods.
    • Two-Factor Authentication (2FA): Upon login, users must input their password followed by a one-time code generated through an authenticator app (e.g., Google Authenticator) or delivered via SMS. This two-tier verification effectively prevents unauthorized access, even if credentials are compromised.
    • Third-Party Security Audits: Leading cybersecurity firms—such as CanSecWest Security—conduct quarterly penetration tests and codebase reviews. Summary reports are shared with the Canadian Office of the Privacy Commissioner to demonstrate ongoing compliance with PIPEDA.
    • Data Residency: All Canadian user data is stored on servers located within Canada, ensuring compliance with provincial data sovereignty regulations. Backups occur daily and are encrypted with unique user-specific keys.

    Be Part of the AI Revolution—Download Trader Ai and Watch Your Portfolio Soar!

    7. Transparent Fee Structure

    • No Subscription Fees: Trader AI does not charge recurring platform fees—traders benefit from a zero-cost software model.
    • Embedded Spread-Only Costs: All trading costs are embedded in exchange spreads. For example:
      • BTC–USD: Typical spread between 0.10% and 0.20%.
      • ETH–USD: Typical spread between 0.12% and 0.22%.
      • Top Altcoins (e.g., LINK, DOT): Spreads between 0.20% and 0.40%.
    • Withdrawal Fees:
      • Interac e-Transfer (≤ CAD 1,000): Flat CAD 20 fee.
      • Interac e-Transfer (> CAD 1,000): No fee.
      • Wire Transfers: CAD 30 processing fee (waivable for account balances > CAD 10,000).
    • Currency Conversion Markup: For trades executed in USD or other foreign currencies, a transparent 0.25% conversion margin is applied—visibly displayed on the funding page prior to transaction confirmation.

    Unlock VIP-Caliber Trading Power—Visit Trader AI app and Level Up Your Game!

    Localized Support and Educational Initiatives

    Trader AI’s success in Canada is rooted in its investment in region-specific support and educational resources. Recognizing that regulatory requirements and tax implications for cryptocurrencies vary significantly from country to country, the platform has implemented multiple initiatives to guide Canadian users.

    1. Multi-Channel Customer Support

    • 24/7 Live Chat: Available directly on the website, live chat is staffed around the clock by bilingual (English/French) agents trained in both technical troubleshooting and Canadian regulatory guidelines.
    • Toll-Free Canadian Phone Lines: Operating daily from 8 AM to 8 PM ET, dedicated support lines (1-800-IMPATH1) ensure prompt resolution of urgent issues—ranging from account access difficulties to withdrawal queries.
    • Email Ticketing System: For non-urgent matters, users can submit support tickets via support@immediate-path.com. Average response time is 4–6 hours on weekdays; weekend requests are addressed within 12 hours.

    2. Dedicated Compliance Resources

    • Regulatory Updates Section: A rotating banner on the Trader AI homepage alerts users to any changes in Canadian crypto regulations—such as new FINTRAC reporting guidelines or provincial licensing requirements.
    • Tax Reporting Guides: Downloadable PDFs explain:
      • How to classify various transactions (spot trading, staking rewards, airdrops) for CRA reporting.
      • Strategies for netting gains and losses across multiple wallets and platforms—ensuring accurate portfolio-wide tax calculations.
    • AML & KYC Policy Disclosure: Users can review Trader AI’s anti-money-laundering protocols, including suspicious transaction reporting criteria and process flows for large withdrawals requiring enhanced due diligence.

    From Demo to Dollars: Transform Your Strategy with Trader AI High-Precision AI—Get Started Now

    Safety and Security

    As crypto regulatory framework continues to evolve, Trader AI remains committed to exceeding compliance standards and upholding the highest levels of security—minimizing risk for users and partners alike.

    1. Data Privacy and PIPEDA Compliance

    • PIPEDA-Aligned Privacy Policy: Trader AI’s privacy policy explicitly references the Personal Information Protection and Electronic Documents Act (PIPEDA), ensuring that Canadian user data is collected, processed, and stored in accordance with federal requirements.
    • Data Residency: All Canadian user data is housed on servers located within Canadian jurisdiction (Toronto and Montreal data centers), offering additional protection under provincial data sovereignty regulations (e.g., Ontario’s provincial data residency requirements).
    • User Rights: Canadians retain full control over personal information—users can request access, correction, or deletion of their data at any time by contacting privacy@immediate-path.com.

    2. Encryption and Infrastructure Security

    • End-to-End SSL/TLS Encryption: All data transmitted between user browsers and Trader AI’s servers is encrypted via AES 256-bit SSL/TLS protocols, preventing interception or tampering.
    • Hashed Password Storage: User passwords are stored using bcrypt with a work factor of 12, making brute-force compromises computationally infeasible.
    • Intrusion Detection & Multi-Tenant Segmentation: Network traffic is continuously scanned by an Intrusion Detection System (IDS). Each user’s trading environment resides within an isolated container, preventing cross-account data leaks or unauthorized lateral movement by attackers.

    Comparative Performance: Backtesting and Live Results

    Trader AI’s performance results—both in backtesting and real-world conditions—underscore its capability to navigate dynamic crypto landscape:

    Backtesting Overview (January 2020–December 2024)

    • Annualized Return (Conservative Settings): 45%
      • Parameters: Maximum daily drawdown capped at 2%, trades limited to 07:00–16:00 EST (peak liquidity hours), leverage ≤ 2x.
      • Historical drawdown: 12% during March 2020 “Corona Crash.”
    • Annualized Return (Moderate Settings): 70%
      • Parameters: Daily drawdown ≤ 4%, 24/7 trading, leverage ≤ 5x.
      • Historical drawdown: 18% during May 2021 “Altseason Correction.”
    • Annualized Return (Aggressive Settings): 95%
      • Parameters: Daily drawdown ≤ 6%, leverage ≤ 10x, full asset basket allocation including high-volatility DeFi tokens.
      • Historical drawdown: 25% during November 2021 “Crypto Winter II.”

    Metrics

    • Average Win Rate: 62%
    • Average Risk/Reward Ratio: 1:1.8
    • Maximum Drawdown (Conservative): 12%
    • Maximum Drawdown (Aggressive): 25%

    Asset Coverage and Diversification Strategies

    Trader AI supports a broad spectrum of digital assets, enabling traders to construct diversified portfolios that mitigate risk and capture growth across multiple sectors:

    1. Major Cryptocurrencies
      • Bitcoin (BTC): The flagship asset, receiving the highest allocation in most conservative and moderate baskets.
      • Ethereum (ETH): Backbone of decentralized finance (DeFi) and smart contracts, featured prominently.
      • Litecoin (LTC), Bitcoin Cash (BCH), Ripple (XRP), Cardano (ADA): Liquid, established altcoins available for core portfolio building.
    2. Emerging DeFi and Layer-1 Tokens
      • Polkadot (DOT), Solana (SOL), Avalanche (AVAX): Rapidly scaling networks with robust ecosystems—suitable for moderate-risk allocations.
      • Chainlink (LINK), Aave (AAVE), Uniswap (UNI): Leading DeFi and oracle solutions that often exhibit high volatility paired with substantial upside potential.
    3. Metaverse and NFT-Related Tokens
      • Decentraland (MANA), Axie Infinity (AXS), The Sandbox (SAND): Assets tied to virtual real estate and blockchain gaming—ideal for investors seeking exposure to Web3 trends.
    4. Stablecoin Pairs and Hedging Options
      • Tether (USDT), USD Coin (USDC), Dai (DAI): Trader AI’s AI can automatically rotate capital into these stablecoins when market volatility exceeds user-defined thresholds (e.g., 10% 24-hour price swing), preserving equity during short-term drawdowns.
    5. Sector-Specific Baskets
      • “Layer 1 Champions”: Allocation across BTC, ETH, DOT, SOL, AVAX.
      • “DeFi Innovators”: Allocation across LINK, AAVE, UNI, SUSHI, COMP.
      • “Metaverse Mavericks”: Allocation across MANA, AXS, SAND, FLOW.

    Trader AI Knows the Next Move—Be the First to Profit. Download and Trade Today!

    Payments, Fees, and Account Funding

    Trader AI’s commitment to transparency extends to its straightforward funding and fee model. Canadian users benefit from local payment options, minimal entry capital requirements, and no hidden subscription charges.

    1. Minimum Deposit Requirement

    • Base Capital: USD 250 (equivalent to approximately CAD 330 at current exchange rates).
    • Deposit Methods for Canadians:
      • Interac e-Transfer: Typical processing time of 1–2 business hours; no fees for deposits over CAD 1,000; flat CAD 20 fee for deposits ≤ CAD 1,000.
      • Credit/Debit Card (Visa, Mastercard): Instant processing with a daily limit of CAD 5,000 for non-verified accounts.
      • Wire Transfer: For larger capital needs (up to CAD 50,000 per transaction), processed in 1–2 business days; CAD 30 fee applies (waivable for initial deposits > CAD 10,000).
    • Currency Conversion: For trades executed on non-CAD pairs, an automatic 0.25% conversion margin is applied. Real-time mid-market exchange rates are displayed prior to transaction.

    2. Fee Structure

    • Software Access: No subscription or platform fees—Trader AI’s model is “software-free,” with all platform maintenance costs absorbed by the company.
    • Trading Costs (Embedded Spreads):
      • BTC–USD/CAD: Spreads between 0.10% and 0.20%.
      • ETH–USD/CAD: Spreads between 0.12% and 0.22%.
      • Major Altcoins: Spreads ranging from 0.20% to 0.40%.
      • Spread rates adjust dynamically based on overall market liquidity—tightening during high-liquidity periods and widening slightly during low-liquidity windows (e.g., weekends, public holidays).
    • Withdrawal Fees:
      • Interac e-Transfer (≤ CAD 1,000): Flat CAD 20.
      • Interac e-Transfer (> CAD 1,000): No fee.
      • Wire Transfer: CAD 30 (waived if account balance exceeds CAD 10,000 at time of withdrawal).
      • Credit/Debit Card Refunds: If a user funded via card and requests a refund to the same card, a 2% processing fee applies to cover issuer charges.
    • Overnight Funding Fees: If a user employs leverage (up to 10x for aggressive strategies), an overnight interest rate of 0.03% per day is applied—transparent line-item in the trade ticket before order execution.

    About Trader AI

    Trader AI Inc. is a AI-driven cryptocurrency trading solutions. Founded in 2023 by a team of quantitative analysts, data scientists, and seasoned software engineers, Trader AI’s mission is to democratize algorithmic trading—making advanced, data-driven strategies accessible to investors of all experience levels.

    Key Facts:

    • Established: 2023
    • Core Product: AI-powered crypto trading robot with automated and manual trading modes
    • Target Market: Crypto investors, ranging from first-time traders to institutional participants
    • Regulatory Partners: Maple Brokerage (Ontario), Victory Crypto (British Columbia)—both FINTRAC-registered

    Company Vision: Trader AI seeks to empower Canadians by providing state-of-the-art AI trading tools under a fully compliant, transparent framework. By combining deep learning, robust risk management, and localized support, Trader AI aims to elevate Canada as a global hub for safe, responsible cryptocurrency trading.

    Conclusion

    Trader AI stands at the forefront of AI-driven cryptocurrency trading, combining cutting-edge machine learning, rigorous risk management, and a deep commitment to regulatory compliance. For both newcomers and seasoned traders, the platform offers a streamlined onboarding process, transparent fee structures, and a robust suite of tools designed to optimize performance while safeguarding capital. All users benefit from local payment integrations, bilingual support, and educational resources that demystify tax reporting and compliance requirements.

    Whether you’re aiming to augment your existing strategy or take your first steps into automated crypto trading, Trader AI delivers an accessible, secure, and high-performing environment. With a proven track record of consistent returns—backed by both backtesting data and real-world results—this platform has quickly become a trusted choice for Canadian investors seeking to navigate volatile markets with confidence.

    Ready to experience the power of AI-driven trading for yourself? Sign up for a free demo account and explore Trader AI’s features with CAD 10,000 in virtual funds. When you’re ready to trade live, a minimum deposit of USD 250 (approximately CAD 330) unlocks full access to all automated and manual trading modes. Discover why thousands of Canadians are turning to Trader AI to harness smarter strategies and take control of their crypto portfolios.

    Forward-Looking Statements

    This press release contains forward-looking statements that reflect Trader AI Inc.’s expectations regarding future events, including anticipated performance, product enhancements, and regulatory developments. Forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from those expressed or implied. Trader AI Inc. assumes no obligation to update or revise these statements except as required by applicable law.

    Visit Here to Register on the Trader AI – Select Your Country Here!!!

    Media Contact

    Trader AI 

    50 W 4th St,
    New York, NY 10012, USA
    Email: info@traderai.ai
    Phone
    AU +61284889800
    UK +442038379676
    Websitehttps://traderai.ai

    General Disclaimer:
    The content provided in this article is for informational and educational purposes only. It does not constitute financial, legal, or professional advice. Readers are advised to consult a certified financial advisor, licensed loan officer, or legal professional before making any financial decisions. The information presented may not apply to every individual circumstance and is not intended to substitute professional judgment or regulatory guidance. The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website’s content as such. We does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
    Trading Disclaimer:
    Trading cryptocurrencies carries a high level of risk, and may not be suitable for all investors. Before deciding to trade cryptocurrency you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with cryptocurrency trading, and seek advice from an independent financial advisor. ICO’s, IEO’s, STO’s and any other form of offering will not guarantee a return on your investment.
    HIGH RISK WARNING: Dealing or Trading FX, CFDs and Cryptocurrencies is highly speculative, carries a level of non-negligible risk and may not be suitable for all investors. You may lose some or all of your invested capital, therefore you should not speculate with capital that you cannot afford to lose. Please refer to the risk disclosure below. Trader AI does not gain or lose profits based on your activity and operates as a services company. Trader AI is not a financial services firm and is not eligible of providing financial advice. Therefore, Trader AI shall not be liable for any losses occurred via or in relation to this informational website.
    SITE RISK DISCLOSURE: Trader AI does not accept any liability for loss or damage as a result of reliance on the information contained within this website; this includes education material, price quotes and charts, and analysis. Please be aware of and seek professional advice for the risks associated with trading the financial markets; never invest more money than you can risk losing. The risks involved in FX, CFDs and Cryptocurrencies may not be suitable for all investors. Trader AI doesn’t retain responsibility for any trading losses you might face as a result of using or inferring from the data hosted on this site.
    LEGAL RESTRICTIONS: Without limiting the above mentioned provisions, you understand that laws regarding financial activities vary throughout the world, and it is your responsibility to make sure you properly comply with any law, regulation or guideline in your country of residence regarding the use of the Site. To avoid any doubt, the ability to access our Site does not necessarily mean that our Services and/or your activities through the Site are legal under the laws, regulations or directives relevant to your country of residence. It is against the law to solicit US individuals to buy and sell commodity options, even if they are called “prediction” contracts, unless they are listed for trading and traded on a CFTC-registered exchange unless legally exempt. The UK Financial Conduct Authority has issued a policy statement PS20/10, which prohibits the sale, promotion, and distribution of CFD on Crypto assets. It prohibits the dissemination of marketing materials relating to distribution of CFDs and other financial products based on
    Cryptocurrencies that addressed to UK residents. The provision of trading services involving any MiFID II financial instruments is prohibited in the EU, unless when authorized/licensed by the applicable authorities and/or regulator(s). Please note that we may receive advertising fees for users opted to open an account with our partner advertisers via advertisers websites. We have placed cookies on your computer to help improve your experience when visiting this website. You can change cookie settings on your computer at any time. Use of this website indicates your acceptance of this website. Please be advised that the names depicted on our website, including but not limited to Trader AI, are strictly for marketing and illustrative purposes. These names do not represent or imply the existence of specific entities, service providers, or any real-life individuals. Furthermore, the pictures and/or videos presented on our website are purely promotional in nature and feature professional actors. These actors are not actual users, clients, or traders, and their depictions should not be interpreted as endorsements or representations of real-life experiences. All content is intended solely for illustrative purposes and should not be construed as factual or as forming any legally binding relationship
    RISKS ASSOCIATED WITH FUTURES TRADING
    Futures transactions involve high risk. The amount of the initial margin is low compared to the value of the futures contract, so that transactions are “leveraged” or “geared”. A relatively small market movement has a proportionately larger impact on the funds that you have deposited or have to pay: this can work both for you and against you. You may experience the total loss of the initial margin funds as well as any additional funds deposited in the system. If the market develops in a way that is contrary to your position or if margins are increased, you may be asked to pay significant additional funds at short notice to maintain your position. In this case it may also happen that your broker account is in the red and you thus have to make payments beyond the initial investment.
    RISKS ASSOCIATED WITH ELECTRONIC TRADING
    Before you begin carrying out transactions with an electronic system, you should carefully review the rules and provisions of the stock exchange offering the system, or of the financial instruments listed that you intend to trade, as well as your broker’s conditions. Online trading has inherent risks due to system responses/reaction times and access times that may vary due to market conditions, system performance and other factors, and on which you have no influence. You should be aware of these additional risks in electronic trading before you carry out investment transactions.
    Accuracy Disclaimer:
    All information included in this article is presented in good faith and believed to be accurate at the time of writing. However, no representations or warranties are made regarding the completeness, accuracy, reliability, or timeliness of any information presented. Any reliance placed on such information is strictly at the reader’s own risk. The publisher does not accept responsibility for typographical errors, outdated information, or changes to products, terms, or policies after publication.
    Regulatory and Jurisdictional Disclaimer:
    Lending laws vary by jurisdiction, and not all services described in this article may be available in every state or region. It is the responsibility of the reader to understand and comply with local laws and regulations. The platforms mentioned are independently operated and are not controlled or endorsed by the publisher.
    Third-Party Liability Waiver:
    The publisher, its writers, editors, affiliates, and syndication partners shall not be held liable for any direct or indirect loss, damages, or legal claims arising from the use of this content or from reliance on any third-party services, platforms, or products mentioned herein. All loan agreements, terms, and disputes are strictly between the borrower and the lender or service provider.
    Syndication Partner Use:
    This content may be republished or syndicated by authorized partners under existing licensing or distribution arrangements. All syndication partners are free from liability regarding the editorial stance, financial suggestions, or any user outcome resulting from the reading or application of this content.

    Attachment

    The MIL Network

  • MIL-OSI: 2X Appoints Amber Tobias as SVP of Corporate Development, Accelerating Strategic M&A Initiatives and Integration Excellence

    Source: GlobeNewswire (MIL-OSI)

    MALVERN, Pa., July 24, 2025 (GLOBE NEWSWIRE) — 2X, the leader in subscription-based go-to-market services, today announced the appointment of Amber Tobias as Senior Vice President of Corporate Development. With over 10 years of corporate development and M&A experience at private equity portfolio companies, Tobias brings proven expertise in end-to-end acquisition processes, strategic integration, and building scalable inorganic growth strategies from the ground up.

    Tobias joins 2X at a pivotal moment as the company accelerates its strategic acquisition program following recent investments from Insight Partners and successful integrations of StraightArrow and Intelligent Demand, and strategic investment in Get Levrg. Her appointment reinforces 2X’s commitment to executing a disciplined M&A strategy that expands service capabilities, deepens market expertise, and strengthens technology partnerships.

    Driving Strategic Growth Through Proven M&A Leadership

    In her role as SVP of Corporate Development, Tobias will lead 2X’s strategic acquisition initiatives, overseeing target identification, deal execution, and post-acquisition integration. Her extensive experience managing complex transactions and challenging market dynamics positions her to accelerate 2X’s inorganic growth strategy while ensuring seamless integration of acquired capabilities into the company’s scalable managed services model.

    “Amber’s appointment comes at exactly the right time in 2X’s evolution,” said Dom Colasante, CEO of 2X. “She’s worked across private equity and PE-backed portfolio companies and has an outstanding track record of creating great outcomes for acquired company employees, customers, and platform acquirers. Her expertise in building inorganic growth strategies and gaining strong organizational buy-in will be instrumental as we continue to expand our capabilities and market presence through strategic acquisitions.”

    Extensive Private Equity and Integration Experience

    Prior to joining 2X, Tobias served as Head of Corporate Development at FluentStream, a growth-stage SaaS company and PSG portfolio company, where she executed the company’s programmatic M&A strategy and led end-to-end acquisition processes. Her experience spans multiple private equity environments, including roles at Aspirion (formerly backed by Aquiline Capital Partners), Illuminate Education (formerly backed by Insight Partners), and as an M&A Associate at specialty investment firm Nadavon Capital Partners.

    “I’m excited to join the 2X team and contribute to the company’s impressive growth trajectory,” said Tobias. “2X has built something truly special with their innovative subscription-based go-to-market services, and their recent strategic acquisitions demonstrate a thoughtful approach to expanding capabilities while maintaining service excellence. I look forward to working with our world-class investors Recognize Partners and Insight Partners, Dom, and the entire 2X team to identify and execute acquisitions that strengthen 2X’s market leadership and create value for clients, employees, and stakeholders. We’re eager to partner with businesses that share our values and are looking for a strategic home to scale their next chapter.”

    Strengthening M&A Capabilities for Continued Growth

    The addition of Tobias to 2X’s leadership team reflects the company’s commitment to building best-in-class corporate development capabilities. Her expertise in integration planning and execution will be particularly valuable as 2X continues to enhance its service portfolio, expand geographic reach, and deepen technology partnerships that bring more value to clients.

    Tobias holds a Bachelor of Business Administration in Finance from Indiana University Bloomington and a Master of Business Administration from California State University, Monterey Bay.

    About 2X

    2X is the global leader in subscription-based go-to-market services, helping GTM leaders achieve greater impact while lowering costs through its comprehensive managed services delivery model. Building on its foundation as the leader in B2B marketing as a service (MaaS), 2X now provides end-to-end go-to-market solutions including marketing operations and MarTech management, campaign build and optimization, content and creative production, revenue operations, sales technology implementation, and strategic consulting services. 2X is a services partner of 6sense, Salesforce, Adobe Marketo Engage, HubSpot, Gong, Bombora, Drift, WordPress, Google, Meta, and many other leading revenue platforms.

    With more than 1,000 team members globally, 2X is backed by private-equity firms Recognize Partners and Insight Partners. 2X has been recognized as one of the fastest-growing companies in the US by Inc. and the Financial Times. For more information, visit 2X.marketing or our LinkedIn.

    About Recognize

    Recognize is a distinguished investor and business builder focused on next-generation Digital Services companies. Headquartered in New York, the firm seeks to back visionary founders, entrepreneurs, and management teams who are building innovative businesses that leverage AI, software, and digital platforms to deliver transformative outcomes to enterprises. Recognize provides deep operational expertise, industry relationships, and strategic capital to drive accelerated growth of these specialized businesses. To learn more, visit www.recognize.com.

    About Insight Partners

    Insight Partners is a global software investor partnering with high-growth technology, software, and Internet startup and ScaleUp companies that are driving transformative change in their industries. As of December 31, 2024, the firm has over $90B in regulatory assets under management. Insight Partners has invested in more than 800 companies worldwide and has seen over 55 portfolio companies achieve an IPO. Headquartered in New York City, Insight has offices in London, Tel Aviv, and the Bay Area. Insight’s mission is to find, fund, and work successfully with visionary executives, providing them with tailored, hands-on software expertise along their growth journey, from their first investment to IPO. For more information on Insight and all its investments, visit insightpartners.com or follow us on X @insightpartners.

    Media Contact
    Audree Hernandez
    JMAC PR for 2X
    2X@JMACPR.com   

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/753c3c4d-5ea1-4dce-8c50-221199c1a75d

    The MIL Network

  • MIL-OSI: 2X Appoints Amber Tobias as SVP of Corporate Development, Accelerating Strategic M&A Initiatives and Integration Excellence

    Source: GlobeNewswire (MIL-OSI)

    MALVERN, Pa., July 24, 2025 (GLOBE NEWSWIRE) — 2X, the leader in subscription-based go-to-market services, today announced the appointment of Amber Tobias as Senior Vice President of Corporate Development. With over 10 years of corporate development and M&A experience at private equity portfolio companies, Tobias brings proven expertise in end-to-end acquisition processes, strategic integration, and building scalable inorganic growth strategies from the ground up.

    Tobias joins 2X at a pivotal moment as the company accelerates its strategic acquisition program following recent investments from Insight Partners and successful integrations of StraightArrow and Intelligent Demand, and strategic investment in Get Levrg. Her appointment reinforces 2X’s commitment to executing a disciplined M&A strategy that expands service capabilities, deepens market expertise, and strengthens technology partnerships.

    Driving Strategic Growth Through Proven M&A Leadership

    In her role as SVP of Corporate Development, Tobias will lead 2X’s strategic acquisition initiatives, overseeing target identification, deal execution, and post-acquisition integration. Her extensive experience managing complex transactions and challenging market dynamics positions her to accelerate 2X’s inorganic growth strategy while ensuring seamless integration of acquired capabilities into the company’s scalable managed services model.

    “Amber’s appointment comes at exactly the right time in 2X’s evolution,” said Dom Colasante, CEO of 2X. “She’s worked across private equity and PE-backed portfolio companies and has an outstanding track record of creating great outcomes for acquired company employees, customers, and platform acquirers. Her expertise in building inorganic growth strategies and gaining strong organizational buy-in will be instrumental as we continue to expand our capabilities and market presence through strategic acquisitions.”

    Extensive Private Equity and Integration Experience

    Prior to joining 2X, Tobias served as Head of Corporate Development at FluentStream, a growth-stage SaaS company and PSG portfolio company, where she executed the company’s programmatic M&A strategy and led end-to-end acquisition processes. Her experience spans multiple private equity environments, including roles at Aspirion (formerly backed by Aquiline Capital Partners), Illuminate Education (formerly backed by Insight Partners), and as an M&A Associate at specialty investment firm Nadavon Capital Partners.

    “I’m excited to join the 2X team and contribute to the company’s impressive growth trajectory,” said Tobias. “2X has built something truly special with their innovative subscription-based go-to-market services, and their recent strategic acquisitions demonstrate a thoughtful approach to expanding capabilities while maintaining service excellence. I look forward to working with our world-class investors Recognize Partners and Insight Partners, Dom, and the entire 2X team to identify and execute acquisitions that strengthen 2X’s market leadership and create value for clients, employees, and stakeholders. We’re eager to partner with businesses that share our values and are looking for a strategic home to scale their next chapter.”

    Strengthening M&A Capabilities for Continued Growth

    The addition of Tobias to 2X’s leadership team reflects the company’s commitment to building best-in-class corporate development capabilities. Her expertise in integration planning and execution will be particularly valuable as 2X continues to enhance its service portfolio, expand geographic reach, and deepen technology partnerships that bring more value to clients.

    Tobias holds a Bachelor of Business Administration in Finance from Indiana University Bloomington and a Master of Business Administration from California State University, Monterey Bay.

    About 2X

    2X is the global leader in subscription-based go-to-market services, helping GTM leaders achieve greater impact while lowering costs through its comprehensive managed services delivery model. Building on its foundation as the leader in B2B marketing as a service (MaaS), 2X now provides end-to-end go-to-market solutions including marketing operations and MarTech management, campaign build and optimization, content and creative production, revenue operations, sales technology implementation, and strategic consulting services. 2X is a services partner of 6sense, Salesforce, Adobe Marketo Engage, HubSpot, Gong, Bombora, Drift, WordPress, Google, Meta, and many other leading revenue platforms.

    With more than 1,000 team members globally, 2X is backed by private-equity firms Recognize Partners and Insight Partners. 2X has been recognized as one of the fastest-growing companies in the US by Inc. and the Financial Times. For more information, visit 2X.marketing or our LinkedIn.

    About Recognize

    Recognize is a distinguished investor and business builder focused on next-generation Digital Services companies. Headquartered in New York, the firm seeks to back visionary founders, entrepreneurs, and management teams who are building innovative businesses that leverage AI, software, and digital platforms to deliver transformative outcomes to enterprises. Recognize provides deep operational expertise, industry relationships, and strategic capital to drive accelerated growth of these specialized businesses. To learn more, visit www.recognize.com.

    About Insight Partners

    Insight Partners is a global software investor partnering with high-growth technology, software, and Internet startup and ScaleUp companies that are driving transformative change in their industries. As of December 31, 2024, the firm has over $90B in regulatory assets under management. Insight Partners has invested in more than 800 companies worldwide and has seen over 55 portfolio companies achieve an IPO. Headquartered in New York City, Insight has offices in London, Tel Aviv, and the Bay Area. Insight’s mission is to find, fund, and work successfully with visionary executives, providing them with tailored, hands-on software expertise along their growth journey, from their first investment to IPO. For more information on Insight and all its investments, visit insightpartners.com or follow us on X @insightpartners.

    Media Contact
    Audree Hernandez
    JMAC PR for 2X
    2X@JMACPR.com   

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/753c3c4d-5ea1-4dce-8c50-221199c1a75d

    The MIL Network

  • MIL-OSI Africa: Nelson Mandela Bay, UNISA forge groundbreaking library partnership

    Source: Government of South Africa

    The Nelson Mandela Bay Municipality has launched a pioneering partnership with the University of South Africa (UNISA) to dramatically expand access to library services for students and the broader public within the metro.

    Launched on Tuesday at New Brighton Library, the collaboration aims to enhance educational opportunities by transforming municipal libraries into resource hubs that support both UNISA students and lifelong learners.

    Under the agreement, municipal libraries will provide free internet and computer access, designated study spaces, and serve as convenient delivery and collection points for UNISA library materials.

    Through this collaboration, the municipality’s libraries will offer internet and computer facilities, provide study spaces, and serve as convenient delivery and collection points for UNISA library materials.

    As part of the agreement, the following areas of collaboration were outlined:
    •    Reciprocal participation in annual events and programmes.
    •    ICT training and support, primarily facilitated by UNISA.
    •    Distribution of UNISA brochures, posters, and event announcements in municipal libraries, and vice versa.
    •    Free internet access and usage of electronic resources for students, including Wi-Fi, databases, electronic reserves, journals, and books.
    •    Collaboration on courier services and information dissemination.
    •    Provision of study spaces for UNISA students.
    •    Joint efforts in marketing and communication to assess student satisfaction.
    •    Collaboration on sponsorships, such as provision of computers.
    •    Sharing of reports, statistics, and information.

    Nelson Mandela Bay Municipality Executive Mayor, Babalwa Lobishe, hailed the initiative as a transformative moment for the metro’s education agenda.

    “We are not only opening library doors, but we are opening pathways to opportunity, to education, and to a better future for all. By extending the access to knowledge and technology, especially in our undeserved communities, we are affirming that education is the foundation of dignity, progress, and equality. This fits well in our efforts to build a people-centred and inclusive metro,” Lobishe said.

    UNISA Executive Director for Library Services, Professor Mpho Ngoepe echoed the mayor’s sentiments, saying the initiative marks the beginning of a journey and contributing to closing the inequality gap that leads to poverty, through knowledge and empowerment.

    “In this digital era, libraries must take intentional steps to reach users where they are. We are moving towards a time when UNISA library services will be accessible to everyone, including those who are not enrolled with UNISA.

    “This is the end of the era where universities were seen as inaccessible ivory towers. Through this partnership, we will also explore the dissemination of research outputs,” Ngoepe said.

    Member of the Mayoral Committee for Sport, Recreation, Arts and Culture, Sinesipho Kwatsha, emphasised the broader social impact of the initiative.

    “This partnership is about more than logistics, it is a social contract and a clear commitment that every learner matters, “no matter where they come from. Through this collaboration, learners from disadvantaged communities, who might not otherwise have access to conducive learning spaces and resources, will now be supported through our network of municipal libraries across the metro,” Kwatsha said. – SAnews.gov.za
     

    MIL OSI Africa

  • MIL-OSI: MEXC Celebrates StablR Euro (EURR) Listing with Exclusive Launchpool Event Featuring 85,000 USDT

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, July 24, 2025 (GLOBE NEWSWIRE) — MEXC, a leading global cryptocurrency exchange, today announced it will launch a special Launchpool event to mark the listing of StablR Euro (EURR), a Euro-backed stablecoin. The event will run from July 24, 11:00 to July 28, 11:00 (UTC) and offers users the opportunity to share an 85,000 USDT prize pool. Participation is open to both new and existing users.

    About StablR Euro (EURR)

    StablR Euro (EURR) represents a significant addition to MEXC’s expanding stablecoin offerings. This Euro-backed digital asset maintains a 1:1 peg with the Euro and is fully redeemable, backed by fiat currency and short-term government bonds. With a total supply of 6,325,084 EURR, the stablecoin serves as a digital alternative to traditional money, offering enhanced efficiency, security, and accessibility for users worldwide.

    The stablecoin addresses multiple use cases including faster cross-border payments, international trade facilitation, and supporting more flexible financial systems. As a reliable store of value and medium of exchange, EURR provides European users and global traders with direct exposure to Euro-denominated digital assets without the volatility typically associated with cryptocurrencies.

    Launchpool Event Highlights

    Event 1: Launchpool – Stake USDT, MX, EURR to Share 70,000 USDT
    Users can stake USDT, MX, or EURR to share 70,000 USDT in rewards. The USDT staking pool, offering the largest 50,000 USDT prize, is exclusively available to new users. Each pool features distinct reward caps and staking limits, giving users flexible ways to participate. Additionally, users staking MX tokens can earn bonus airdrops through MEXC’s Kickstarter events, unlocking double rewards.

    Event 2: Invite New Users & Share 15,000 USDT
    In addition, users can invite friends to join MEXC and earn up to 400 USDT in referral rewards—20 USDT per successful invite, capped at 20 invites per user. Rewards are distributed on a first-come, first-served basis.

    Complete event details are available on the MEXC platform.

    MEXC’s User-Centric Commitment

    This event reflects MEXC’s user-centric philosophy and demonstrates its determination to create a convenient and mutually beneficial trading environment for the global community. With rapid listing efficiency, comprehensive selection of over 3,000 digital assets, daily airdrop benefits, industry-leading liquidity, low trading fees, and robust security infrastructure, MEXC has earned the trust of over 40 million users worldwide. In the future, MEXC will continue to uphold its user-centric values while delivering cutting-edge trading solutions and community benefits.

    About MEXC
    Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto.” Serving over 40 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.
    MEXC Official WebsiteXTelegramHow to Sign Up on MEXC

    Risk Disclaimer:
    The information provided in this article regarding cryptocurrencies does not constitute investment advice. Given the highly volatile nature of the cryptocurrency market, investors are encouraged to carefully assess market fluctuations, the fundamentals of projects, and potential financial risks before making any trading decisions.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/92cdf20d-c8fa-4de9-a88d-c7fd5b975478

    The MIL Network

  • MIL-OSI: Bitget’s July Proof-of-Reserves Report Shows 45% Increase in User Holdings for Bitcoin (BTC)

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, July 24, 2025 (GLOBE NEWSWIRE) — Bitget, the world’s leading cryptocurrency exchange and Web3 company, has released its latest Proof-of-Reserves (PoR) data reveals a sharp increase in user-held Bitcoin, with BTC balances surging over 45% month-on-month in July. This marks the strongest growth across all major assets tracked on the platform.

    According to the PoR public figures published, BTC held by users grew from 6,594 BTC in June to 9,531 BTC in July. USDT holdings also experienced a notable increase of 21%, climbing from approximately 1.61 billion to nearly 1.95 billion. ETH balances rose by 31% month-on-month, from 148,754 ETH to 195,466 ETH, while USDC holdings grew by 14%.

    The substantial surge in user asset holdings follows ongoing efforts across the industry to promote transparent reserve practices. Bitget continues to publish real-time reserve data via Merkle Tree infrastructure and open-source verification tools. As of July 23, the platform maintains a reserve ratio of over 200% across major assets, double the industry benchmark of 100%.

    “This increase in on-platform user assets, especially Bitcoin, shows a bit of the broader trend in user behavior, where traders and institutions increasingly may favor exchanges that allow independent asset verification,” said Gracy Chen, CEO at Bitget. “Our priority will always be to keep maintaining Bitget as one of the largest most secure platforms for crypto trading,” she added.

    The POR growth in July also corresponds with improved market sentiment and heightened institutional interest in digital assets, particularly following the recent price stabilization of Bitcoin above the $110,000 threshold.

    Bitget’s PoR methodology includes monthly snapshots and daily updates of asset balances, matched against liabilities through publicly auditable cryptographic proofs. The platform’s reserve transparency continues to be a key differentiator as global regulators intensify demands for accountability from centralized exchanges.

    For July, all reserve figures exceed the 100% mark across BTC, ETH, USDT, and USDC, and the exchange remains one of the few top-tier platforms to continuously publish real-time snapshots for user review. This consistent transparency is increasingly valued by both retail and institutional users seeking safeguards against mismanagement or opaque balance sheet practices.

    To know more about Proof of Reserves, please visit here.

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform.

    Bitget is driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

    Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. In the world of motorsports, Bitget is the exclusive cryptocurrency exchange partner of MotoGP™, one of the world’s most thrilling championships.

    For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

    For media inquiries, please contact: media@bitget.com

    Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ab79b77e-18ca-440d-b88b-dd1a69aec32e

    The MIL Network

  • MIL-OSI: MEXC Research: Every Second Gen Z Trader Now Relies on AI for Crypto Trading Decisions

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, July 24, 2025 (GLOBE NEWSWIRE) — MEXC, a leading global cryptocurrency exchange, has released a new behavioral intelligence report showing a dramatic generational shift in crypto trading patterns. Based on in-platform analytics of over 780,000 Gen Z users (aged 18–27), the report finds that two-thirds of this cohort either currently rely on or are willing to adopt AI-powered tools as part of their trading strategies.

    The MEXC data reveals a clear generational divide in how traders interact with technology, manage risk, and emotionally navigate volatile markets. With 67% of Gen Z users activating at least one AI bot or strategy in the last 90 days, the report underscores a shift toward automation, emotional regulation, and strategic delegation in crypto investing.

    Key Takeaways:

    • 67% of Gen Z users activated at least one AI-powered trading bot within Q2 2025.
    • 22.1% of Gen Z traders engage regularly (4+ interactions/month) with AI tools or rule-based strategies.
    • Gen Z accounts for 60% of all AI bot activations on MEXC.
    • Gen Z uses AI trading tools 11.4 days/month, more than double the engagement of users over 30.
    • Gen Z users are 2.4x more likely to use AI-generated signals than traditional technical indicators.

    These trends intensify during periods of market uncertainty. Usage patterns reveal a deliberate strategy: 73% of Gen Z users activate bots during volatility spikes, but consciously disable them during stagnant or low-volume periods, signaling intentional, rather than passive, AI deployment.

    Psychological Insights: Trust in AI, Control Through Delegation

    MEXC’s data shows that Gen Z’s affinity for AI reflects more than convenience — it’s part of a broader behavioral adaptation. Bots function as emotional anchors, reducing panic sell-offs by 47% compared to manual traders during high-stress market events.

    Gen Z configures automated strategies with clear parameters, then steps back. This “structured delegation” helps them manage cognitive overload and avoid impulsive decisions. The report cites parallel trends in workplace behavior: according to a May 2025 study by Resume.org, over 50% of Gen Z workers consider ChatGPT a co-worker or even a “friend.”

    AI as Risk Management

    The latest metrics also suggest that, beyond automation — the primary advantage of using AI tools — Gen Z traders are increasingly recognizing their value in risk management. Specifically, MEXC’s research highlights several behavioral patterns among Gen Z users who adopt AI:

    • 1.9x less likely to reactively trade in the first 3 minutes of market events — the most emotionally vulnerable window.
    • 2.4x more likely to implement stop-loss and take-profit rules.
    • 58% of all Gen Z AI trading activity occurred during spikes in MEXC’s internal volatility index.

    These observations suggest a semi-automated, discipline-enforcing approach, where AI serves as a protective layer against emotional volatility.

    Gen Z vs. Millennials in AI Trading

    MEXC’s cross-age analysis reveals a stark behavioral divergence. While Millennials prefer thesis-driven, chart-heavy strategies, Gen Z treats trading as an interactive, fast-paced environment — mirroring their behaviors on platforms like TikTok and Discord. This generation prefers modular, customizable tools that match their fragmented attention spans and emotional bandwidth.

    The Road Ahead: AI Becomes the Interface

    According to MEXC’s forecast, AI is on track to evolve from a feature into the foundation of trading platforms. By 2028, more than 80% of Gen Z traders are projected to rely on AI for full-cycle portfolio management, including dynamic asset rebalancing, cross-chain yield strategies, tax automation, and risk-tiered exposure allocation.

    This evolution parallels a broader market trend: the global AI trading platform industry is projected to grow at a CAGR of over 20%, reaching $69.96 billion by 2034.

    Yet, the report also warns of the risks of overreliance. AI systems are only as sound as the data and assumptions they’re built on. Black swan events, algorithmic bias, or opaque models can undermine trust and performance. MEXC emphasizes the need for transparent, auditable AI frameworks and user education to ensure safe adoption.

    The full report is available at the link.

    About MEXC

    Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto”. Serving over 40 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, frequent airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.

    For more information, visit: MEXC WebsiteXTelegramHow to Sign Up on MEXC

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/c881191b-eb34-40af-b7d3-08913eacdd83

    https://www.globenewswire.com/NewsRoom/AttachmentNg/32fd0af1-1c82-4276-9f2a-75670304e4ba

    The MIL Network