The next type of aerial system likely to be stockpiled at scale by militaries worldwide is the interceptor drone. We’ve already seen early evidence of this across Eurasia, with Ukraine selling its interceptor drones to the highest bidder.

The Russia-Ukraine war accelerated the development of cheap one-way attack drones. Early in the war, missile interceptors used by Ukraine were too costly and drained the stockpiles of Western militaries at dangerous rates.

The proliferation of cheap interceptor drones levels the playing field and provides a low-cost solution against Russian-produced Geran and Iranian-designed Shahed attack drones.

Ukraine’s interceptor drones are emerging as a cheap solution, costing roughly $1,000 to $3,000 each versus about $4 million for a Patriot missile used to down $20,000 Shahed drones. In the economics of war, this mismatch matters because missile use, especially in the U.S.-Iran conflict, has already outstripped the U.S.’ annual production capacity.

Ukrainian President Volodymyr Zelensky has previously stated that Ukraine can produce at least 2,000 interceptors per day and could double that with more investment, supplying another 1,000 daily to allies.

First, we are capable of producing at least 2,000 effective and combat-proven interceptors every day. We can produce more – it depends on investment. We need about 1,000 interceptors a day, and we can supply at least another 1,000 a day to our allies.

Second, we know how to… pic.twitter.com/vIB2qRho8P

— Volodymyr Zelenskyy / Володимир Зеленський (@ZelenskyyUa) March 17, 2026

This comes as Zelensky has emerged as a “Lord of War,” with Ukraine pitching its highly developed, low-cost drones and robotic warfare technology to the highest bidder.

According to war blog UNITED24 Media, these are the four main interceptors Ukraine is offering to its allies around the world:

P1-SUN, by Skyfall

The most publicized yet is the P1-SUN, a Ukrainian play on words referring to its phallic bullet shape.

Created by SkyFall, it’s a high-speed drone designed to take off vertically. At a speed of between 300 km/h, typical, and 450 km/h for its upper estimate, it’s one of the fastest drones on the market, able to take out the most common models of Shahed-136 that cruise at roughly 185 km/ hour.

However, the new jet-powered Shahed-238, which can reach up to 550-600 km/h, can prove much more difficult to stop in the long run. The P1-SUN can reach an altitude of up to 5 kilometers. It is also guided by a pilot and has optional AI-assisted targeting.

The drone costs roughly $1,000 to produce and can carry a small modular charge, depending on the needs and the target. The company estimated it could manufacture up to 50,000 interceptor drones a month and export 5,000 to 10,000 without hampering local needs, Reuters reported.

As of March, SkyFall appears to be the clearest large-scale commercial player, described by Reuters as a major drone maker, with the P1-SUN interceptor among the main anti-Shahed systems now drawing foreign demand.

STING, by Wild Hornet

The STING, produced by Wild Hornet, is also a serious contender for international exports. Also bullet-shaped, the STING looks roughly the same as the P1-SUN, with its four high-trust motors, designed to maximize forward acceleration but not hover efficiency.

Tuned to outrun Shahed drones, this model has a proven speed of roughly 280 km/h, can reach up to 7 kilometers in altitude, has a range of up to 37 kilometers, and has an endurance of up to 15 minutes, the company says.  

The interceptor can be guided by a pilot and, through AI, automatically lock the target during its final phase. The model has a daylight and a thermal camera, allowing it to detect Shahed engine heat at night. It can hold some warheads weighing 500 grams, according to the company.

Combat-proven and priced between $1,000 and $2,500, it’s cheap and scalable, producing 10,000 units or more per month, says the company representative.

STRILA, by WIY DRONES

The STRILA, described by its manufacturer, WIY DRONES, as a “rocket-type air-defense” interceptor despite its four motors, can reach speeds of over 350 km/h and, during testing, was accelerated to 400 km/h, the company said.

The interceptor is reportedly capable of operating at a distance of up to 14 km in tactical mode and covering up to 28 km at maximum range, reaching altitudes of up to 4 kilometers.

Its latest Strila system version features a communication system that enables operation without GPS and increases resistance to electronic warfare jamming.

The operator can now also switch communication channels during flight. The daytime and night cameras have also been upgraded.

The company says it is currently manufacturing about 100 interceptors per day, has begun serial deliveries under government contracts, and cut the unit price to roughly $2,300 in January 2026.

Zerov-8, by The Fourth Law

The Fourth Law recently unveiled the Zerov-8, a vertical takeoff and landing interceptor that can turn mid-flight horizontally, resembling a small quadrimotor airplane.

Compared to the P1-SUN and the STING, it trades agility for efficiency and range, with a 20-kilometer radius, the company says. It can reach a maximum speed of 326 km/h, making it slower than its quadcopter challengers but more efficient in cruise mode during horizontal flight.

Its core feature? An AI-based detection and tracking module that allows it to identify Shahed, track them autonomously, and guide the interceptor on its own during its terminal phase before impact, according to the company.

The Zerov-8 can carry a 0.5 kg warhead and thermal cameras, but the company didn’t disclose its price, as it’s still at an experimental state.

Octopus, by Project OCTOPUS

The Octopus, a high-speed quadcopter interceptor, has a maximum speed of 300 km/h, a combat radius of roughly 30 km, can reach up to 4.5 kilometers in altitude and has an endurance of 15 minutes with a payload of 1.2 kg, Ukrainian military-tech company TAF Drones Industries said.

Thanks to its automatic terminal guidance module and AI image recognition, it can pick a target and finish it off without pilot output, according to the Royal United Service Institute (RUSI).

Ukraine and the UK were set to begin the joint production of 1,000 Octopus interceptor drones per month starting in February 2026, Ukraine’s former Defense Minister Denys Shmyhal announced in January. The drones themselves were presented in London by Zelenskyy in late October 2025.

Separate from Ukraine, war news outlet Defense Blog has revealed that Russia has “begun front-line deployment of the fixed-wing Lys-2 counter-drone interceptor after a test phase, distributing it directly to combat units.”

Russia has begun deploying the Lys-2 counter-drone interceptor to front-line units, marking a move from testing to operational use.

Read more: https://t.co/R9kInuTN35 pic.twitter.com/CFuJLTvJhj

— Dylan Malyasov | 🧐 (@DylanMalyasov) April 20, 2026

Not to be the bearer of bad news, but stopping the rise of ‘Skynet’ looks nearly impossible at this point.

• Ukraine Becomes World’s AI Weapons Laboratory

Russia’s deployment of next-generation counter-drone interceptors highlights the hyperdevelopment now underway in low-cost aerial warfare, where both interceptor drones and Shahed-style one-way attack drones are increasingly likely to be stockpiled by the millions across the world’s militaries.

Via Remix News,

The year 2026 will go down in the history of European integration as a special moment. The European Union, under the banner of protecting democracy, has begun systematically restricting freedom of speech and real political pluralism. Thus, it embarks on the well-trodden historical paths of every authoritarian regime, resorting to violence and censorship as public support wanes.

A report recently published by the Ordo Iuris Institute leaves no doubt: we are dealing with a project for a profound overhaul of the public sphere that will primarily target conservative communities, including Catholics.

The new EU mechanisms, ironically referred to as the “Democracy Shield,” are not a single piece of legislation. This is a coordinated regulatory system—from the Digital Services Act (DSA), through codes of conduct on “hate speech” and “disinformation,” to the regulation on political advertising. Their common denominator is the now-official departure from the European cult of free speech and its replacement with a system of preventive restrictions, in the name of… true freedom and democracy.

The European Commission claims that its aim is to create a “safe” information space in which “reliable” messages are meant to dominate, that is, in practice, narratives aligned with the liberal consensus . The problem is that the criteria for the EU’s “credibility,” for what is considered prohibited “disinformation,” and—what is particularly harmful—”divisive speech” are extremely vague and prone to ideological interpretation. As a result, it will not even be independent courts, but online platforms cooperating with non-governmental organizations selected by Brussels that will decide what content may reach citizens of the European Union. Including Polish citizens.

This system is multi-stage. First—mechanisms for reporting and removing content that, in practice, incentivize rapid takedowns, even at the expense of freedom of expression. Secondly—a labeling system under which statements labeled as “unverified,” “misleading,” or “political” are subject to mandatory restrictions on platforms such as Facebook or X. Thirdly—there is to be algorithmic intervention that limits the reach of content deemed problematic.

It is worth emphasizing the role of so-called trusted flaggers and fact-checker networks. It is precisely these entities, often financed with public funds from the European Union or the Member States and ideologically uniform, that gain a privileged position in the content moderation process. In practice, this means cleverly delegating censorship to entities that are not subject to any democratic oversight.

Even more troubling are the regulations concerning political advertising. The definition of “political speech” has been framed so broadly that it encompasses not only the activities of political parties but also public awareness campaigns concerning the protection of life, the family, or national identity. This means that Catholic pro-life organizations or movements defending marriage as the union between a woman and a man may be subjected to restrictive requirements and even sanctions. Even now, our own Ordo Iuris Institute and Center for Life and Family, as well as our friends from Polonia Christiana’s PCH24 news portal and their editorial team should start preparing to implement a “replacement language.” The censorship game, well known here in Poland from the communist era, is making a comeback.

At the same time, restrictions on the targeting and funding of political messages make it much more difficult to reach voters. In practice, the largest platforms, such as Facebook, have already stopped running “political” ads to avoid legal risk. It is no longer possible to freely promote petitions opposing abortion or same-sex unions there.

The Polish political context cannot be ignored. The introduction of these instruments specifically in 2026, just before the crucial parliamentary campaign in Poland, is no coincidence. Restricting the reach of conservative speech, making it harder to organize public-interest campaigns, and selectively labeling content as “problematic” will have a real impact on election results.

From the perspective of socially engaged Catholics, this is particularly dangerous. Unequivocal assessments concerning the protection of life from conception, the indissolubility of marriage, the condemnation of the aberrations of gender ideology, and even clear support for national sovereignty within the European Union will increasingly be classified as “controversial” or “divisive.” In the new regulatory model, such content may be restricted not directly—through a ban—but through invisible mechanisms of reach reduction and stigmatization.

This does not, of course, mean that the state has no right to combat crimes online or to protect citizens from real threats. The problem is that the European Union has crossed the line between protection and control, between security and social engineering.

Therefore today, more than ever, courage is needed to defend freedom and the right to publicly proclaim one’s faith. Not as a privilege for the select few, but as the foundation of a healthy society. If we allow, under the pretext of combating “disinformation,” the voices of those who defend life, the family, and sovereignty to be curtailed, democracy will quickly become a grim dictatorship hidden behind a facade of apparent diversity and tolerance.

Finally a practical use of AI.

In a world swimming in debt and overrun by government bloat and corruption, Dubai is taking a big step into the future. On Thursday, Sheikh Mohammed bin Rashid Al Maktoum, Vice-President of the UAE and Ruler of Dubai, announced that in two years, 50% of UAE’s government sectors, services, and operations will run on Agentic AI, arguably the best use of the new technology yet. 

The new “government model” was launched under the directive of UAE President Sheikh Mohamed bin Zayed Al Nahyan. It will make the UAE the first government globally to operate at this scale through autonomous systems. 

“AI is no longer a tool. It analyses, decides, executes, and improves in real time. It will become our executive partner to enhance services, accelerate decisions, and raise efficiency,” the Dubai Ruler said in a post on X.

“This transformation has a clear timeline. Two years. Performance across government will be measured by speed of adoption, quality of implementation, and mastery of AI in redesigning government work,” he continued.

“We are investing in our people. Every federal employee will be trained to master AI, building one of the world’s strongest capabilities in AI-driven government. Implementation will be overseen by Sheikh Mansour bin Zayed, with a dedicated taskforce chaired by Mohammad Al Gergawi driving execution.

“The world is changing. Technology is accelerating. Our principle remains constant. People come first. Our goal is a government that is faster, more responsive, and more impactful,” Sheikh Mohammed added.

Under the directives of the President of the UAE, we launch a new government model. Within two years, 50% of government sectors, services, and operations will run on Agentic AI, making the UAE the first government globally to operate at this scale through autonomous systems.

AI… pic.twitter.com/53OQLe7RXl

— HH Sheikh Mohammed (@HHShkMohd) April 23, 2026

The project includes a phased implementation across ministries and federal entities, based on continuous performance and impact assessment. This will pave the way for wider rollout, ensuring optimal results across the federal government.

Special attention is placed on developing national capabilities by training and empowering government employees to master generative artificial intelligence technologies and their applications. Which of course is reflexive, so in effect government employees are supposed to train their own replacements. 

Accroding to Khaleej Times, the move to adopt Agentic AI across government operations builds on 20 years of digital transformation in the UAE’s government, from the early adoption of eGovernment and service digitalization to mobile government and integrated systems such as the UAE Pass identity verification system to full-service redesign and integration, supported by programs such as Government Services 2.0, which introduced proactive, data driven service delivery.

In 2017, the UAE became the first country in the world to appoint a Minister of State for Artificial Intelligence and launched the UAE Artificial Intelligence Strategy 2031 under the UAE Centennial 2071 vision. The establishment of the Ministry of Artificial Intelligence, Digital Economy and Remote Work Applications in 2020 further strengthened this direction.

The UAE is especially well suited for agentic implementation: the Gulf state has spent more than a decade building digital infrastructure that connects government entities, making it one of the most advanced public service ecosystems globally. Platforms developed under entities such as UAE Government and Digital Dubai already allow residents to access hundreds of services online, from paying fines to registering businesses.

The latest plan shifts the focus from digitizing services to redesigning them, allowing AI systems to manage entire workflows rather than just assisting at specific stages. For residents, this changes the experience from navigating systems to simply requesting outcomes, with the complexity handled behind the scenes.

While the progression reflects a broader pattern seen across advanced economies, the UAE is moving faster than most.

The first phase involved putting services online, which reduced paperwork and eliminated many in-person visits.

The second phase introduced mobile apps, automation, and AI tools, improving speed and accessibility while still requiring users to manage processes themselves.

The next phase moves beyond interfaces, with systems designed to complete tasks independently, meaning the user defines the objective and the system handles execution.

Back in the US, a recent attempt through Elon Musk’s DOGE to cut back on government inefficiency and corruption came to an abrupt halt last summer when it became obvious that the deep state would fight to the death (or at least hire assassins to effect the death of others) to prevent any change in the well-paid status quo. Perhaps AI will succeed where everyone else has failed. 

Gold demand during one of India’s key buying festivals stayed muted on Sunday as record prices curbed jewellery purchases, ​offsetting a modest uptick in investment demand, according to Reuters. 

Indians celebrated Akshaya Tritiya, the ‌second-biggest gold-buying festival after Dhanteras, when purchasing precious metals is considered auspicious. Only this time near record gold prices – the precious metal closed just over $4800 – kept buyer enthusiasm rather subdued. 

“The sharp rally in prices curbed jewellery demand. In volume terms, buying was lower as consumers ​held back, though in value terms spending was higher due to ​elevated prices,” said Amit Modak, chief executive of PN Gadgil ⁠and Sons, a Pune-based jeweller.

Since consumers are, like everyone else, subject to the laws of supply and demand, it is natural that a higher price will lead to lower demand. Gold prices hit a record high of $5,594.82 ​per ounce on January 29 and are now trading just over $4,800.

Gold futures in ​India, the world’s second-biggest gold consumer, closed at 154,609 rupees ($1,670) per 10 grams on Friday, nearly 63% higher than at the last Akshaya Tritiya festival. Except in a few ​southern Indian states, demand was lower than normal across the rest ​of the country, said Surendra Mehta, national secretary at the India Bullion and Jewellers Association. Meanwhile retail ‌buyers ⁠have been stacking shifting toward gold coins, which are easier to liquidate, even as jewellers offered discounts on fees for crafting jewellery to attract buyers, said a Mumbai-based jeweller.

The AI funding frenzy continues, with Google planning to invest $10 billion in Anthropic at a $350 billion valuation, deepening its relationship with the San Francisco-based AI company best known for building Claude.

Bloomberg reports that Google’s deal with Anthropic includes an initial $10 billion investment at a $350 billion valuation, with the potential for another $30 billion if certain performance milestones are achieved. That would bring the potential deal size to as much as $40 billion.

Part of the deal includes Google Cloud providing 5 gigawatts of computing capacity to the AI startup, founded in 2021 by former OpenAI employees, including Dario Amodei and Daniela Amodei, over the next five years. Additional capacity could follow.

Earlier this week, Amazon committed another $5 billion to Anthropic at the same valuation, with the option to invest an additional $20 billion over time.

Amazon’s scramble for compute was detailed earlier in a deal with Meta:

• Scramble For AI Compute: Meta Inks Multibillion-Dollar Deal With Amazon For CPU Chips

Bloomberg pointed out that the Google-Anthropic deal is an “expansion of an agreement announced earlier this month between Anthropic, Google, and Broadcom.”

For Google, the agreement with Anthropic strengthens demand for its cloud services and in-house TPU chips, which have become viable alternatives to Nvidia’s AI chip stack.

Earlier this week, Google unveiled two new chips for the agentic era, including the TPU 8t, designed for training AI models, and the TPU 8i, designed for inference, or running AI services once they are developed and deployed. Again, this is all positioned to take on Nvidia.

There has been increased scrutiny around “circular” AI financing since we broke down the math and called it an epic “circle jerk” last fall.

Washington is eyeing how to pressure Spain out of the NATO alliance, after the Spanish government has taken firm anti-Israel positions, as well as come out strongly against Trump’s Iran war, even disallowing some base and logistics access to the US armed forces.

An internal Pentagon email lays out options for the United States to punish NATO allies it says failed to support US operations in the war with Iran, including suspending Spain from the alliance and reviewing the US stance on United Kingdom sovereignty over the Falkland Islands, a US official told has told Reuters in a report published Friday.

In the Trump administration’s eyes, Spain has also been a non-contributing thorn in the side both both US and NATO policy. To a large degree it’s also easier for the US to single out and punish a country like Spain, compared more powerful and economically stronger nations like Turkey or France.

The policy options appear in a note expressing frustration over allies’ reluctance or refusal to grant access, basing, and overflight rights – known as ABO – for the Iran war, the US official explained.

The email specifies that ABO is “just the absolute baseline for NATO,” according to the official, who indicated this is being considered in senior policy circles.

However, it remains a big unknown whether the alliance can actually suspend a longtime permanent member, and the reality is that many other European countries are sympathetic to Spain’s stance.

A NATO official told Reuters, “NATO’s Founding Treaty does not foresee any provision for suspension of NATO membership.”

And the reality is that any kind of suspension process would probably take so long that it would outlast the current US administration. 

But Washington could take other steps, such as drawdown in large-scale fashion its long-running force presence in Europe. This is already on the table, to the point that some European allies are already anticipating it and making preparations. 

The Pentagon and Trump administration have said of Spain, “they are not there for us.” But perhaps from Spain’s point of view, (and its population), it is putting Spain’s national interest first. – and doesn’t want to get bogged down in yet more US-led adventurism in the Middle East.

Authored by Zachary Stieber via The Epoch Times (emphasis ours),

Trump administration lawyers on April 23 said they are still considering whether to appeal a ruling that blocked the rollback of guidance on some vaccines.

The lawyers said in a filing that pausing the litigation over the guidance pending the resolution of any appeal that is filed would “promote judicial economy and avoid burdens on government agencies that may be rendered unnecessary by a decision on any appeal.”

For instance, if an appeal is filed, the U.S. Court of Appeals for the First Circuit may dismiss some or all of the claims by plaintiffs in the case, which would eliminate the need for the government to produce records sought by plaintiffs, the lawyers told U.S. District Judge Brian Murphy in a motion to stay proceedings pending resolution of any appeal.

“At a minimum, a First Circuit decision on any appeal could narrow the issues in dispute and provide guidance on how to resolve any remaining issues,” the motion stated. “If Defendants continue producing administrative records and the parties start briefing cross-motions for summary judgment before Defendants’ time to appeal has run and before the First Circuit has an opportunity to weigh in on any appeal, there is a significant potential for wasted time and resources.”

Murphy in March stayed the updates made to Centers for Disease Control and Prevention vaccine guidance under Health Secretary Robert F. Kennedy Jr., resulting in the guidance reverting to what had been in place in mid-2025.

Murphy concluded that Kennedy and other officials did not follow proper procedure in updating the guidance and appointing new members to the CDC’s vaccine advisory committee.

That stay would remain in effect even if Murphy approves the requested motion, administration lawyers said.

The lawyers did not say why no appeal has been lodged against Murphy’s decision. They asked him to stay proceedings in the case until whichever comes later: May 15 or the resolution of any appeal the defendants may file.

The deadline to appeal Murphy’s preliminary injunction is May 15.

Shortly after the injunction was issued, the Department of Health and Human Services said it would prevail in an appeal. The department has declined to answer questions about why an appeal has not yet been lodged.

“Unless officially announced by us, any assertions about what we are doing next is baseless speculation,” a department spokesperson told The Epoch Times in March.

The litigation was brought by multiple health care groups, including the American Academy of Pediatrics.

Government lawyers conferred with plaintiffs, who opposed the motion to stay the proceedings.

The FDA announced new steps to speed up research on psychedelic treatments for serious mental health conditions, following an executive order from President Donald Trump directing agencies to expand access to emerging therapies, CNBC and NBC reported this morning:

In a press release Friday, FDA commissioner Marty Makary said the medications “have the potential to address the nation’s mental health crisis, including conditions like treatment resistant depression, alcoholism and other serious mental health and substance abuse conditions.” On Monday, Makary told NBC News that with the accelerated application process, the FDA could potentially approve the first psychedelic drug by the end of summer.

The agency said this effort could support new treatments for conditions like treatment-resistant depression, PTSD, and substance use disorders. Measures include prioritizing drugs with early promising results and offering incentives to companies studying compounds such as psilocybin and methylone. It also approved an early clinical trial for noribogaine, marking the first time a drug of its kind will be studied in the U.S.

Officials emphasized that these actions do not mean the treatments are approved or proven safe. All research will be closely monitored to ensure it meets strict scientific and safety standards.

Popular psychedelic names like Compass Pathways and AtaiBeckley have turned positive YTD on on the news out the last few days.

“The executive order I’m signing, we’re actually signing the executive order today, is really a moment,” Trump said at the signing event days ago. “These treatments are currently in the advanced stages of clinical trials to ensure that they’re both safe and effective for the American patients.”

Trump’s order, signed on Saturday, directs the FDA to prioritize review of certain breakthrough-designated psychedelic therapies, expands potential access under the Right to Try Act, commits at least $50 million in federal funding for state partnerships, and encourages closer coordination among HHS, the FDA, the VA, and private-sector researchers.

“In many cases, these experimental treatments have shown life-changing potential for those suffering from severe mental illness and depression, including our cherished veterans,” Trump said, citing the veteran suicide rate.

The order also instructs the Justice Department to move quickly on rescheduling any psychedelic-based product that successfully completes Phase 3 trials and receives FDA approval.

Trump continued, “And the nice part is we’re actually doing this early, but it has been going on. Research has been going on for quite some time. But, you know, usually with things like this, nothing ever happens, no matter how the research ends up, but we’re changing that. This order will clear away unnecessary bureaucratic hurdles, improve data sharing among the FDA and the Department of Veterans Affairs, and facilitate fast rescheduling of any psychedelic drugs that become FDA-approved.” 

As we wrote days ago, these stocks are starting to go ‘mainstream’ after being ignored and out of the limelight for years. Zero Hedge contributor Quoth the Raven has named the sector his “best idea” sector for 2026.

Authored by Chris Summers via The Epoch Times (emphasis ours),

The United States on April 23 imposed sanctions on a wealthy Cambodian senator, Kok An, who allegedly ran crypto-romance scam centers that stole millions of dollars from U.S. citizens.

Kok, 71, is a political ally of Hun Sen, who served as Cambodian prime minister for 25 years before stepping down in 2023 and handing power to his son, Hun Manet. The 73-year-old is now president of the Cambodian Senate.

The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) also sanctioned 28 individuals and entities linked to the suspected scam centers.

“Eliminating fraud is a top priority for the Trump administration,” U.S. Treasury Secretary Scott Bessent said. “Treasury will continue to target fraudsters and scam centers that steal billions of dollars from hardworking Americans, no matter where they operate or how well-connected they are.”

Industrial-scale cyberscamming, based in scam centers in Burma (also known as Myanmar) and Cambodia, has become a major money-maker for organized crime groups.

The Treasury said in a statement that operators within this network have “stolen millions of dollars from U.S. victims while operating under the protection of Kok An and his political connections.”

Tricked Using ‘Romantic Relationships’

The Treasury said fraudsters use “the lure of friendship or romantic relationships” to coax vulnerable Americans into transferring their savings in the form of digital assets by promising investment opportunities and high returns.

Matthew Hogan, a detective with the Connecticut State Police and an officer on the Secret Service’s Financial Crimes Task Forces, told The Epoch Times last year that the biggest growth has been in long-term scams known as “pig butchering,” which involves luring people into fake cryptocurrency investments. The phrase comes from the Chinese term “sha zhu pan.”

The Treasury said Kok owns numerous companies, including Crown Resorts, and has retrofitted casinos and office parks as scam centers where workers—who are often trafficked from China and other countries—target U.S. citizens and trick people out of cryptocurrency, which is then laundered by Kok’s associates.

“Nearly all major scam compounds in Cambodia are connected to casinos, which serve to launder the proceeds of scams,” the Treasury said.

Kok is a senator from the ruling Cambodian People’s Party. It was founded during the Cold War, and was close to the Soviet Union and later communist Vietnam. It dropped its Marxist-Leninist ideology in the early 1990s.

Andy Jenkinson, a fellow of the Cyber Theory Institute and author of the book “Stuxnet to Sunburst: 20 Years of Digital Exploitation and Cyber Warfare,” told The Epoch Times in April 2025 that the annual losses to cybercrime globally are “over $10 trillion, or put it another way, $32 billion a day.”

Tether Freezes $344 Million USDT

The move was announced hours after stablecoin issuer Tether froze $344 million in its USDT stablecoin, allegedly linked to “sanctions evasion, criminal networks, or other illicit activity.”

“When wallets are identified as connected to sanctions evasion, criminal networks, or other illicit activity, Tether can move to restrict those assets,” Tether said.

The company also said it maintained a zero-tolerance policy toward the criminal use of USDT, and has long followed OFAC guidelines on sanctioned individuals and entities.

Reuters contributed to this report.