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The Justice Department announced Wednesday the largest-ever U.S. seizure of cryptocurrency linked to so-called “pig butchering” scams that have cost victims billions globally.

Federal prosecutors filed a civil forfeiture action targeting more than $225 million in cryptocurrency traced to a sprawling web of fraudulent investment platforms. Victims were tricked into believing they were investing in legitimate crypto ventures, only to be scammed by criminal networks often operating overseas.

“This seizure of $225.3 million in funds linked to cryptocurrency investment scams marks the largest cryptocurrency seizure in U.S. Secret Service history,” said Shawn Bradstreet, special agent in charge of the U.S. Secret Service’s San Francisco Field Office, in a statement.

Authorities said the network was connected to at least 400 suspected victims worldwide, including dozens in the U.S. Crypto fraud was responsible for more than $5.8 billion in reported losses last year, according to FBI data.

The seized funds are now subject to forfeiture proceedings aimed at eventually returning money to victims.

The U.S. Secret Service and FBI used blockchain analysis and other tools to trace the cryptocurrency back to stolen assets. The DOJ credited Tether, the world’s largest stablecoin issuer, for assisting in the operation.

According to the complaint, the funds were linked to the theft and laundering of money from victims of cryptocurrency investment fraud schemes, commonly known as confidence scams that often involve romance.

The network relied on hundreds of thousands of transactions to obscure the origin of the funds, using sophisticated blockchain maneuvers to conceal the flow of stolen assets.

This post appeared first on NBC NEWS

Amazon CEO Andy Jassy said Tuesday that the company expects artificial intelligence ‘will reduce our total corporate workforce as we get efficiency gains’ over time.

‘We will need fewer people doing some of the jobs that are being done today, and more people do other types of jobs,’ Jassy added in a memo to Amazon’s workforce.

The CEO of the country’s second-largest retailer and employer said Amazon is using generative AI ‘in virtually every corner of the company.’

Amazon employs more than 1.5 million people worldwide, according its most recent annual report.

This year, Amazon plans to spend $100 billion to expand AI services and data centers that power them, up from $83 billion last year.

Jassy said he believes so-called ‘AI agents’ will ‘change how we all work and live.’ While ‘many of these agents have yet to be built,’ he said, ‘they’re coming, and fast.’

He continued by saying that they will ‘change the scope and speed at which we can innovate for customers.’

Amazon currently has more than a thousand AI services and applications running inside the company or in progress of being built.

Jassy’s comments Tuesday will likely invoke fears that many corporate workers have had as artificial intelligence captures the eye of efficiency-minded executives across corporate America. A recent study from Bloomberg Intelligence said that AI could replace up to 200,000 banking jobs.

Amazon CEO Andy Jassy in New York on Feb. 26.Michael Nagle / Bloomberg via Getty Images

Artificial intelligence has also been shown to be effective at coding for software programs.

Cybersecurity firm Crowdstrike eliminted 5% of its workforce in May, saying that AI was driving ‘efficiencies across both the front and back office.’

Shopify CEO Tobi Lutke said managers at the e-commerce company will be expected to prove why they ‘cannot get what they want done using AI’ before asking for more headcount.

‘Having AI alongside the journey and increasingly doing not just the consultation, but also doing the work for our merchants is a mind-blowing step function change here,’ Lutke added.

Language learning firm Duolingo also recently said that it would replace contract workers with artificial intelligence. ‘We’ll gradually stop using contractors to do work that AI can handle,’ CEO Luis von Ahn wrote in a memo to Duolingo employees in May. ‘Headcount will only be given if a team cannot automate more of their work,’ von Ahn added.

The CEO of U.K. telecom giant BT said this week that plans to cut 40,000 jobs from the company’s workforce over the next 10 years ‘did not reflect the full potential of AI.’

This post appeared first on NBC NEWS

Senate Republicans are gearing up for the first full-scale congressional hearing into the alleged cover-up of former President Joe Biden’s cognitive decline.

Senators John Cornyn, R-Texas., and Eric Schmitt, R-Mo. will co-chair a Senate Judiciary Hearing Wednesday that delves into ‘what exactly went on’ during Biden’s term and why the constitutional power to remove him from office wasn’t triggered.

Cornyn said on the Senate floor that one of the main goals of the hearing was to shine a light on what happened behind the scenes during landmark moments of Biden’s presidency, ‘from the Biden border crisis to the disastrous results from the withdrawal in Afghanistan.

‘And it’s now clear that for many months — no one knows exactly how long — the president was simply not up to the task,’ he said. ‘Whoever happened to be making those decisions and carrying out the duties of the Office of President was not somebody who was authorized by the Constitution or by a vote of the American people.’

Cornyn and Schmitt’s hearing, first announced late last month, will be held after the release of the book ‘Original Sin’ by CNN host Jake Tapper and Axios reporter Alex Thompson, which alleges the Biden White House was trying to control the narrative about the former president’s health and that his allies worked to cover up his decline.

The hearing, ‘Unfit to Serve: How the Biden Cover-Up Endangered America and Undermined the Constitution,’ features a trio of witnesses called by the Senate Republican duo who served during President Donald Trump’s first term and during the Reagan and Bush years.

Among the Republicans’ witnesses are Theodore Wold, who formerly served as acting assistant attorney general in the Office of Legal Policy at the Justice Department and deputy assistant to the president for domestic policy during the Trump administration; Sean Spicer, former White House press secretary and communications director; and John Harrison, a legal scholar from the University of Virginia School of Law who previously served during former the Reagan and Bush administrations.

Wold and Harrison told Fox News Digital their testimony would focus on Biden’s alleged usage of an autopen, a device that is used to automatically mimic a person’s signature, typically used signing of numerous documents, and how the usage of the device may have acted as a smokescreen to prevent the triggering of the 25th Amendment.

Biden has rejected assertions by lawmakers and Trump that he habitually used an autopen. Trump recently ordered Attorney General Pam Bondi to open an investigation into whether the former president’s aides ‘abused the power of Presidential signatures through the use of an autopen to conceal Biden’s cognitive decline.’

Spicer’s testimony will focus on the media’s treatment of Trump compared to Biden during their respective first terms and how some media outlets were allegedly ‘silent’ when it came to signs of the ex-president’s decline.

Democrats on the panel did not call any witnesses.

The top-ranking Democrat on the committee, Sen. Dick Durbin, D-Ill., contended that Cornyn and Schmitt were wasting the panel’s time with their endeavor.

‘We have so many important topics to consider, and this is a totally political undertaking by several of my colleagues,’ he said. ‘It is a waste of the Senate Judiciary Committee’s time.’ 

This post appeared first on FOX NEWS

President Donald Trump said it’s up in the air whether he will sign off on military strikes targeting Iran’s nuclear facilities — comments that come as his administration weighs U.S. involvement in the growing conflict between Israel and Iran. 

Trump told reporters outside the White House Wednesday that he hasn’t ruled out whether the U.S. will strike Iranian nuclear facilities, but said that the coming days or the ‘next week is going to be very big.’ 

Additionally, Trump said that Iran’s capital, Tehran, is facing a lot of problems as it seeks to come to the negotiating table after abandoning talks scheduled for Sunday. 

‘Yes, I may do it. I may not do it. I mean, nobody knows what I’m going to do. I can tell you this that Iran’s got a lot of trouble and they want to negotiate,’ Trump told reporters Wednesday. ‘And I said, why didn’t you negotiate with me before all this death and destruction? Why didn’t you go? I said to people, why didn’t you negotiate with me two weeks ago? You could have done fine. You would have had a country. It’s very sad to watch this.’

Trump previously has said he believes that Iran was very close to obtaining a nuclear weapon, and has pushed Iran to sign a nuclear agreement. Although talks were scheduled for the U.S. and Iran in Oman Sunday, Iran withdrew Friday from the discussions. 

Trump doubled down on his previous statements Wednesday asserting that Iran could not obtain a nuclear weapon. 

‘This is just not a threat you can have. And we’ve been threatened by Iran for many years,’ Trump said. ‘You know, if you go back and look at my history, if you go back 15 years, I was saying we cannot let Iran get a nuclear weapon. I’ve been saying it for a long time.’

As a result, Trump told reporters he’s offered Iran the ‘ultimate ultimatum.’ 

‘Maybe you could call it the ultimate — the ultimate ultimatum, right?’ he said. 

Tensions between Israel and Iran escalated Thursday after Israel launched massive airstrikes against Iran’s nuclear sites that Israel claims have killed several high-ranking military leaders. In response, Iran also has launched strikes against Israel as the two ramp up military campaigns against one another. 

While Secretary of State Marco Rubio initially said that the U.S. was not involved in the strikes against Iran, Trump later told Reuters that he was aware of the attacks ahead of time. 

Meanwhile, Iran has said that the U.S. entering the conflict would mean an ‘all-out war.’ 

‘Any American intervention would be a recipe for an all-out war in the region,’ Iranian Foreign Ministry spokesman Esmail Baghaei said Wednesday during an interview with Al Jazeera English.

Trump has long cautioned that Iran could face military consequences if it fails to negotiate a nuclear deal, and signed an executive order in February instructing the Treasury Department to execute ‘maximum economic pressure’ upon Iran through a series of sanctions aimed at sinking Iran’s oil exports. 

This post appeared first on FOX NEWS

Of all the ways to try to influence President Donald Trump, the absolute worst is to threaten him. And yet, there is a segment of MAGA world podcasters and influencers insisting that if the commander-in-chief takes direct action against Iran, it will divide and crush Trump’s base.

Don’t count on it.

The argument from podcast land is that Trump ran on a promise of no new wars and that any direct American action against Iran would betray that promise and plunge America into another forever war in the Middle East.

Let’s slow down a bit. In his first term, Trump killed Quasim Soliemani, the top Iranian general, to howls from the left, and some of these same right-wing podcasters, that it would start World War III. It didn’t. They were wrong, Trump was right.

Here we are again, the president faced with a choice. He can use U.S. bunker bombs to deal the lethal blow to Iran’s nuclear program, or he can take the Joe Biden route, and sheepishly back off his demand for unconditional surrender, and let Iran continue its march to nukes.

Depending on the polling, about 80% of Republicans think that a nuclear Iran poses a critical threat to the United States. And while voters are more split on direct U.S. action, Trump is laser-focused on stopping Tehran’s bomb.

Trump excels at solving problems everyone else says are impossible. Just look at the southern border, sealed tight as a Ziploc bag, even though everyone swore only Congress could do that.

Likewise, in Iran, Trump doesn’t want to hear a rehashing of the 8 million reasons why nobody can stop their nuclear program. He wants to hear how to stop it, and if those urging restraint can’t tell him how, he’s going to listen to those who can.

This goes back to the farcical threat that Trump is going to lose his base if he bombs Iran, that the guy in an Ohio diner is going to side with the podcasters over the president he voted for. How did that work out for Elon Musk?

The analogy is an apt one, because Musk’s threats and criticisms over the Big Beautiful Bill potentially raising the debt had real resonance among GOP voters, and yet, they chose Trump over a chastened richest man in the world. They support Trump’s overarching economic goals more than they dislike the debt.

Same thing in Iran. Is there skepticism about using direct American military might? Of course. This ain’t a pickup game of shirts and skins. But do they trust Trump overall to stop Iran from getting nukes? Absolutely.

Talk of regime change and threats to kill Iran’s supreme leader understandably make Americans jittery 25 years after the launch of the disastrous war in Iraq, but Trump isn’t talking about invading with boots on the ground, and his base knows this.

What the podcasters don’t seem to understand is that the only way to influence Trump is to influence his voters. He doesn’t care how many followers an influencer has on social media, half of which could be bots from foreign information operations, anyway.

Actually, one has to wonder if our geo-political foes, whose bot farms seek to manipulate social media platforms in America and sow discord, are disappointed by their return on investment.

On X, it seems like to bomb or not to bomb is a divide ripping our country apart. In real life, it simply isn’t.

The final thing that Trump understands and that his base trusts, is that the United States was losing the international status quo under his predecessors, on global trade, on the border, on China policy, and yes, in the Middle East. In all of these cases, he is determined to reverse that trend.

There is nothing wrong or unpatriotic about arguing that direct U.S. action against Iran would be a mistake, and Trump no doubt welcomes lively debate. But as Vice President JD Vance, no chickenhawk, pointed out Tuesday, this is Trump’s decision to make.

Trump promised that Iran would never obtain a nuke, and he has a habit of keeping his campaign promises, even when taking slings and arrows from noisy voices on his own side.

There isn’t a podcast in the world that can keep Trump from fulfilling this promise as he sees fit, and his base, the real power behind the administration, expects nothing less.

This post appeared first on FOX NEWS

While the U.S. weighs its future involvement in the conflict between Iran and Israel, many leaders are looking with fresh eyes at Iran’s activities targeting Americans worldwide over four decades. 

Sen. Tom Cotton, R-Ark., posted on Tuesday, ‘The forever war is the war that Iran has waged against the U.S., Israel, and the civilized world since 1979.’ 

The examples of Iran’s involvement in attacks on Americans include direct and proxy attacks on U.S. forces, support for terror groups, and assassination efforts.

1979 US Embassy hostage crisis

In the early days of the Islamic revolution in 1979, radical Islamic students seized the U.S. embassy in Tehran. Ayatollah Ruhollah Khomeini, Iran’s first supreme religious leader, took hold of the situation, spurning international appeals to release the hostages. The last U.S. hostages were released 444 days later.

1983 Beirut bombings

In 2023, Sayyed Issa Tabatabai, Iranian Supreme Leader Ali Khamenei’s representative in Lebanon, admitted during an interview with the state-controlled Islamic Republic News Agency (IRNA) that the Islamic Republic was involved in two 1983 bombings that killed Americans in Lebanon. 

The bombing of the U.S. Embassy in Beirut resulted in the deaths of 63 victims, including 17 Americans. When two suicide truck bombs exploded at the barracks of multinational forces in Lebanon, 220 Marines, 18 U.S. Navy sailors and three U.S. Army soldiers were killed, and 58 French troops were murdered.

In the IRNA interview, Tabatabai said ‘I quickly went to Lebanon and provided what was needed in order to [carry out] martyrdom operations in the place where the Americans and Israelis were.’ He also stated that he received a fatwa from Ayatollah Ruhollah Khomeini ordering him to carry out the attacks, though the IRNA removed the assertion ‘shortly after publication,’ according to a report and translation of the interview from the Middle East Media Research Institute.

1996 Khobar Towers bombing

On June 25, 1996, 19 U.S. Air Force members were killed when a truck bomb exploded outside the Khobar Towers. Al Jazeera reported that in 2006, a U.S. court found the Iranian government responsible for the attack, committed by Saudi members of Hezbollah. The court ordered Iran to pay $254 million to victims of the attack. 

Terrorism support in Iraq and Afghanistan 

According to a 2019 Pentagon report cited by the Military Times, Iran bears responsibility for the deaths of 603 U.S. service members in Iraq between 2003 and 2011. This figure accounted for 17% of U.S. deaths in the country during the period. 

Some U.S. victims have been able to prove Iran’s connections to our enemies in court.

In 2022, surviving family members and victims won a case against the Islamic Republic of Iran, using the Foreign Sovereign Immunities Act to hold the regime accountable for its support of terror actors who killed or injured 30 U.S. personnel in Afghanistan.

Bill Roggio, senior fellow at the Foundation for Defense of Democracies and editor of the Long War Journal, testified in support of the victims. He told Fox News Digital that ‘Iran’s support for the Taliban and al Qaeda and the impact it had on the deaths and injuries to American soldiers and civilians is incalculable. Iran provided money, weapons, training, intelligence, and safe haven to Taliban subgroups across Afghanistan, including in the heart of the country in Kabul.’ In Roggio’s estimation, ‘Iran’s support for the Taliban was only rivaled by that of Pakistan. I would argue that Iran’s extensive support facilitated nearly every Taliban attack on U.S. personnel.’

In 2022, the U.S. District Court in Washington, D.C., found that Iran likewise owed damages to the families and victims of 40 U.S. service members who were injured or killed in Iraq due to Iran’s support of terrorism in the country.

Proxy involvement, attempts at retribution 

In attempted retribution for the murder of Islamic Revolutionary Guard Gen. Qassem Soleimani, Iran targeted two U.S. bases housing U.S. troops in Iraq with surface-to-surface missiles in 2020. 

In January 2024, three Americans were killed, and 25 others were wounded in a drone attack on an outpost in Jordan near the border with Syria. Two Iranians, one of whom had dual U.S. citizenship, were charged in connection with the attack.

At the time of the attack, House Foreign Affairs Committee Chair Rep. Michael McCaul (R-Tex) said that Iranian proxies had ‘launched over 150 attacks on U.S. troops’ following Hamas’ Oct. 7 attacks.

Roggio reported that on June 14, Iranian-backed militias ‘launched three drones’ at Ain al Assad, a U.S. base in western Iraq. The drones were shot down before reaching their target. 

Roggio said that the drone attack ‘appears to be an unsanctioned strike by an unnamed Iranian militia. Unlike past attacks, no group has claimed credit, and there have been no follow-on strikes.’ He believes Iran ‘wants to keep the U.S. out of the fight, as the U.S. military has the capability to hit the underground nuclear facility at Fordow.’ 

Between October 2023 and August 2024, Iranian-backed Islamic Resistance in Iraq militias launched 180 attacks against U.S. forces in Syria, Iraq and Jordan. Throughout their ‘decades of experience,’ Roggio says Iraqi militias ‘are estimated to have killed more than 600 U.S. service members.’

Kidnappings 

Robert Levinson, a retired FBI agent and private investigator, disappeared from an Iranian island in 2007. Levinson was held hostage and was declared dead in 2020, when he was said to have died in Iranian custody. His family blamed the Iranian regime for his capture and imprisonment.

Just last year, Iran executed Jamshid Sharmahd. Sharmahd survived an assassination attempt in California in which an Iranian agent was convicted of the planned murder. He was then kidnapped by the Iranian regime in Dubai in 2020 as part of a business trip.

The history of prisoner exchanges between Iran and the U.S. dates back to 1979. The most recent prisoner exchange of five Americans imprisoned in Iran for five Iranians detained in the U.S. occurred in September 2023. As part of the deal, the U.S. released $6 billion in frozen assets in South Korea. 

Assassinations

In November, the Department of Justice announced charges against an Iranian citizen and two New Yorkers for their role in a murder-for-hire plot targeting multiple American citizens, including President Donald Trump. 

Israeli Prime Minister Benjamin Netanyahu told Fox News’ Bret Baier on Monday that Trump remains an Islamic Republic target. ‘They want to kill him. He’s enemy number one.’

Fox News’ Benjamin Weinthal contributed to this report.

This post appeared first on FOX NEWS

Iran warned that the United States joining forces with Israel would mean an ‘all-out war,’ as Israel bombarded sites overnight that it says would have allowed Iran to continue enriching uranium, as well as attack Israeli forces.

‘Any American intervention would be a recipe for an all-out war in the region,’ Iranian Foreign Ministry spokesman Esmail Baghaei warned Wednesday during an interview with Al Jazeera English.

He did not elaborate, but thousands of American troops are based in nearby countries within range of Iran’s weapons. The U.S. has threatened a massive response to any attack.

Another Iranian official apparently ruled out demands for the country to give up its disputed nuclear program.

Iran’s ambassador to Geneva, Ali Bahreini, told reporters that Iran ‘will continue to produce the enriched uranium as far as we need for peaceful purposes.’

He rejected any talk of a setback to Iran’s nuclear research and development from the Israeli strikes, saying, ‘Our scientists will continue their work.’

Israeli warplanes pounded Tehran overnight and into Wednesday as Iran launched a small barrage of missiles at Israel with no reports of casualties, according to the Associated Press.

Israel says it launched the strikes to prevent Iran from building a nuclear weapon, after talks between the United States and Iran over a diplomatic resolution had made little visible progress over two months but were still ongoing. 

President Donald Trump has said Israel’s campaign came after a 60-day window he set for the talks.

Iran has long insisted its nuclear program was peaceful, though it is the only non-nuclear-armed state to enrich uranium up to 60%, a short, technical step away from weapons-grade levels of 90%. U.S. intelligence agencies have said they did not believe Iran was actively pursuing the bomb, according to the AP. Israel is believed to be the only country in the Middle East with nuclear weapons but has never publicly acknowledged them.

The Israel Defense Forces (IDF) said Wednesday that it eliminated Ali Shadmani, identified as Iran’s ‘wartime chief of staff,’ overnight. Shadmani held the role for only four days before meeting the same fate as his predecessor, spokesperson Brig. Gen. Effie Defrin said in a video statement Wednesday. 

‘We have delivered significant blows to the Iranian regime, and as such, they have been pushed back into central Iran,’ Defrin said. ‘They are now focusing their efforts on conducting missile fire from the area of Isfahan. We are aiming at military targets, they are attacking civilian homes.’

‘While we are working to remove threats from Iran, we are still fighting their proxy, Hamas in Gaza, who is still holding 53 of our hostages in brutal conditions,’ he added. ‘We will not rest until they are returned home.’  

More than fifty Israeli Air Force (IAF) fighter jets conducted three waves of strikes over three hours in an extensive operation Tuesday night, hitting an Iranian centrifuge production site ‘that was intended to enable the regime to continue to enhance its uranium enrichment,’ Defrin said in another statement Wednesday. ‘This complements actions from previous operations we have conducted targeting components of the nuclear program.’ 

Israeli forces have struck over 1,100 different components across Iran as of the sixth day of the conflict, Defrin said.

He said IAF jets also struck several weapons and missile production sites in Tehran. On Wednesday morning, Israeli aircraft identified and struck five Iranian AH-1 attack helicopters located at Kermanshah airport.

‘We have clear goals and objectives: removing the existential threat to the State of Israel, significantly impairing the nuclear program in all its components, and inflicting substantial damage to the missile array,’ Defrin said. 

The IDF said it identified around thirty launches fired from Iran towards Israeli territory in two barrages Tuesday night. 

‘Most of them were intercepted, and there were no casualties. I know these are complex days, but we cannot afford complacency,’ Defrin said, warning Israelis to strictly adhere to home-front safety guidelines. 

Trump initially distanced himself from Israel’s surprise attack on Friday that triggered the conflict, but in recent days has hinted at greater American involvement, saying he wants something ‘much bigger’ than a cease-fire. 

The U.S. has also been shifting assets to the Middle East, including sending more warplanes to the region.

Trump said in social media posts on Wednesday that the U.S. knows where Iran’s Supreme Leader is but would not kill him, for now. He also called for the ‘complete surrender’ of Iran.

‘We now have complete and total control of the skies over Iran,’ Trump wrote. 

Fox News’ Stephanie Simon and the Associated Press contributed to this report. 

This post appeared first on FOX NEWS

(TheNewswire)

Edmonton, Alberta June 18, 2025 TheNewswire – Bitcoin Well Inc. (‘ Bitcoin Well ‘ or the ‘ Company ‘) ( TSXV: BTCW; OTCQB: BCNWF ), Bitcoin Well Canada Ltd. (‘ Bitcoin Well Canada ‘), a wholly-owned subsidiary of the Company, has received a judgment from the Court of King’s Bench of Alberta against Rapid Cash ATM Ltd. (‘ Rapid Cash ‘ or ‘ Rapid Cash ATM’ ) in the amount of $541,988.88, plus costs in the amount of $9,988.15.

On February 1, 2024, Bitcoin Well Canada filed an application in Court of King’s Bench of Alberta File No. 2301-14199 (the ‘ Action ‘) seeking partial summary judgment against Rapid Cash for the return of over $0.5 million withheld by Rapid Cash following termination of the parties’ Hosting Agreement in late 2023 (the ‘ Summary Judgment Application ‘).

On February 20, 2025, the Court of King’s Bench released its written Endorsement with respect to the Summary Judgment Application (the ‘ Decision ‘), finding that ‘it is manifestly unjust to allow Rapid Cash to hold onto Bitcoin Well [Canada]’s money pending adjudication of the damages claims’ and observing that ‘the wording of the agreement is more consistent with Bitcoin Well [Canada]’s position than with Rapid Cash’s position’. In the result, the Court granted the Summary Judgment Application and ordered Rapid Cash to pay Bitcoin Well Canada the amount of $509,582.11, plus pre-judgment interest in the amount of $32,406.77, for a total judgment of $541,988.88 (the ‘ Judgment ). The Court subsequently ordered Rapid Cash to pay Bitcoin Well Canada costs for the application in the amount of $9,988.15. Full copies of the Court’s Decision can be found here and the resulting Order can be found here

On May 1, 2025, Rapid Cash filed an application (the ‘ Stay Application ‘) seeking to stay enforcement of the Judgment pending Rapid Cash’s ongoing appeal of the Decision, which is currently scheduled for November 5, 2025 (the ‘ Appeal ‘). On June 13, 2025, the Court dismissed Rapid Cash’s Stay Application, such that the Judgment remains in effect.

Further, Bitcoin Well intends to vigorously defend the Appeal and pursue the balance of Bitcoin Well Canada’s claims against Rapid Cash, which seek damages for Rapid Cash’s alleged improper termination of the parties’ agreement, and likewise defend Rapid Cash’s counterclaims in the Action.

Copies of the decision and other materials filed in the Action are publicly available and may be obtained from the Court of King’s Bench of Alberta.

About Bitcoin Well

Bitcoin Well is on a mission to enable independence. We do this by making bitcoin useful to everyday people to give them the convenience of modern banking and the benefits of bitcoin. We like to think of it as future-proofing money. Our existing Bitcoin ATM and Online Bitcoin Portal business units drive cash flow to help fund this mission.

Join our investor community and follow us on Nostr , , and to keep up to date with our business.

Bitcoin Well contact information

To book a virtual meeting with our Founder & CEO Adam O’Brien please use the following link: https://bitcoinwell.com/meet-adam

For additional investor & media information, please contact:

Adam O’Brien

Tel: 1 888 711 3866

ir@bitcoinwell.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release .

Forward-looking information

Certain statements contained in this news release may constitute forward-looking information, which is often, but not always, identified by the use of words such as ‘anticipate’, ‘plan’, ‘estimate’, ‘expect’, ‘may’, ‘will’, ‘intend’, ‘should’, or the negative thereof and similar expressions. All statements herein other than statements of historical fact constitute forward-looking information including, but not limited to, statements in respect of Bitcoin Well’s business plans, strategy and outlook. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information including, but not limited to, the risk factors described in Bitcoin Well’s annual information form and management’s discussion and analysis for the year ended December 31, 2024. Forward-looking information should not be unduly relied upon. Any forward-looking information contained in this news release represents Bitcoin Well’s expectations as of the date hereof and is subject to change. Bitcoin Well disclaims any intention or obligation to revise any forward-looking information, except as required by applicable securities legislation.

Copyright (c) 2025 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

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Sun Summit Minerals Corp. (TSXV: SMN) (OTCQB: SMREF) (‘Sun Summit’ or the ‘Company’) is pleased to announce the commencement of its $6 million 2025 project-wide exploration program at the JD Project, Toodoggone Mining District, north-central British Columbia. Over 5,000 meters of drilling together with geophysical and geochemical surveys are designed to focus on target advancement, target generation and discovery.

Highlights and Next Steps:

  • Transformational Exploration Season Has Commenced: The 2025 program is more robust than the inaugural 2024 program, with double the budget and drill metres planned. Crews have mobilised to site with camp construction, geological mapping, IP Geophysics, and drill pad construction now underway. Drilling is anticipated to begin no later than mid-July.
  • Over 3,000 meters of drilling planned at the Creek Zone, designed to investigate the extent and continuity of near-surface, high-grade and bulk-tonnage gold mineralization. Historical and recent highlight intercepts include:
  • 122.53 m of 2.11 g/t Au including 1.5 of 121.0 g/t Au (CZ-24-0047)
  • 57.95 m of 2.69 g/t Au including 19.50 m of 7.31 g/t Au (CZ-24-0058)
  • 22.0 m of 11.7 g/t Au including 4.0 m of 61.2 g/t Au (CZ97-0085)
  • Over 2,000 meters of drilling planned at the Finn Zone, designed to evaluate the extent and continuity of high-grade and bulk-tonnage gold mineralization. Historical highlight intercepts include:
  • 35.7 m of 7.26 g/t Au including 1 m of 215.4 g/t Au (JD95-0472)
  • 25.9 m of 6.42 g/t Au including 6.1 m of 12.8 g/t Au (JD94-0151)
  • 22.0 m of 6.32 g/t Au including 12.6 m of 10.8 g/t Au (JD12-0033)
  • Project-wide exploration will also focus on drill target refinement, including:
  • Over 20 line km of induced polarization (‘IP‘) geophysics along the newly defined 12 km long JD porphyry trend
  • Over 2,000 soil samples across parts of the JD porphyry trend and the epithermal-related Finn to Creek corridor
  • Over 30 days of project-wide geological mapping and prospecting

Niel Marotta, CEO of Sun Summit Minerals, commented: ‘We are very excited to have kicked off our 2025 exploration season at our JD project, which is fully funded by the proceeds of our recently completed private placement. The Toodoggone region in north-central British Columbia is one of the hottest mineral exploration districts in Canada, and has seen heightened corporate activity, combined with a large influx of capital. We expect plenty of news flow coming from the Toodoggone over the summer and fall, including drill results from our own aggressive 5,000 metre program.’

Figure 1. Map of the Toodoggone District showing the location of the JD Project in relation to other development and exploration projects. Data sourced from Thesis, TDG, Amarc and Centerra’s corporate websites.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6142/255925_2d2b07a7743f0abf_001full.jpg

JD Exploration Program

Crews have mobilised to the Toodoggone District to commence the 2025 JD Project exploration season (Figure 1). The primary goal for 2025 multidisciplinary exploration program is to advance and expand the epithermal-related Creek and Finn gold-silver targets through a series of systematic step-out holes, and to generate and refine new priority targets across the highly-prospective 4.5 km long Finn to Creek corridor, as well as the 12 km long JD porphyry trend (Figure 2).

Figure 2. Map of the JD Project showing the broad JD Porphyry trend and the epithermal-related Finn to Creek Corridor. Planned areas for IP and soil surveys are shown in grey. Key targets are highlighted.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6142/255925_2d2b07a7743f0abf_002full.jpg

Creek Zone: Drilling at the Creek Zone (Figure 2) is designed to investigate the lateral and vertical extent of high-grade and bulk-tonnage gold mineralization (e.g., 122.53 m of 2.11 g/t Au, including 20.0 m of 10.01 g/t Au, and including 1.52 m over 121.0 g/t Au, CZ-24-004, Figure 3, see October 2, 2024, news release). Based on new geological and structural modelling, a series of steeply-dipping, northwest trending parallel vein sets with associated halos of disseminated gold mineralization have been defined. Over 3,000 meters across 10 to 12 drill holes are planned to systematically test the vein-controlling structures on 50 to 100 meter pierce-points covering a strike-length of over 700 meters (Figure 3) and a down-dip extent of over 200 meters. Results from this phase of drilling should inform grade continuity, the scale of the epithermal system and where follow-up deeper and/or step-out holes are warranted.

Figure 3. Map of the Creek Zone showing drill collar locations with selected highlights. The area targeted for 2025 drilling is outlined in red. See references below for data sources.

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Finn Zone: Drilling at the Finn Zone is designed to expand the footprint of high-grade, near-surface base metal-rich gold-silver mineralization intersected in historical drilling (e.g., 35.7 m of 7.26 g/t Au including 1 m of 215.4 g/t Au in hole JD95-0472). Based on an extensive compilation of over 300 historical drill holes, a new geological and structural model suggests that epithermal-related gold-silver mineralization is hosted within veins and vein-breccias situated along a northwest striking and gently dipping volcaniclastic unit. Over 2,000 meters of drilling across 7 to 9 drill holes are planned to test the model along strike (e.g., towards hole JD13-024) and down-dip (e.g., toward JD12-015) covering a strike-length of over 650 meters (Figure 4). Drilling near the higher-grade core may also be completed to verify historical grades, confirm structural controls and explore at depth to assess the geometry and grade of the mineralized footwall zone (e.g., JD12-0093).

Figure 4. Map of the Finn Zone showing historical drill collar locations with selected highlights. The area targeted for 2025 drilling is outlined in red. See references below for data sources.

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Target Generation: Project-wide exploration activities are aimed at target generation and drill target refinement.

  • Over 20 line km of IP geophysics will build on previous surveys and expand the grid along the high-prospective, 12 km long JD porphyry trend. Areas considered prospective for porphyry-related mineralization along this trend (e.g., Belle South) will also be covered by new soil geochemical grids (Figure 2).
  • Areas considered highly-prospective for epithermal-related gold-silver mineralization along and proximal to the Finn to Creek corridor will be covered by new soil geochemical grids. Detailed geological mapping focused on lithological and structural controls of epithermal-related veins and breccias will be completed to inform a new targeting model.
  • High-priority target areas outside of the main JD area (e.g., Oxide Peak West, Moosehorn, and East McClair) will be investigated through geological mapping and prospecting (Figure 2).

Timeline: Crews have mobilised to site with camp construction, geological mapping, IP Geophysics, and drill pad construction now underway. Drilling at the Creek Zone is anticipated to begin by mid-July, at the latest.

National Instrument 43-101 Disclosure

This news release has been reviewed and approved by Sun Summit’s Vice President Exploration, Ken MacDonald, P. Geo., a ‘Qualified Person’ as defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators. He has not been able to verify the historical exploration data disclosed, including sampling, analytical and test data, underlying the technical information in this news release since such data is historical and the original drill core is not readily available. Some technical information contained in this release is historical in nature and has been compiled from public sources believed to be accurate. The historical technical information has not been verified by Sun Summit and may in some instances be unverifiable dependent on the existence of historical drill core and grab samples.

Community Engagement

Sun Summit is engaging with First Nations on whose territory our projects are located and is discussing their interests and identifying contract and work opportunities, as well as opportunities to support community initiatives. The Company looks forward to continuing to work with local and regional First Nations with ongoing exploration.

Webinar Invitation

Sun Summit Minerals invites investors and interested parties to a live webinar and Q&A hosted by Simone Capital. CEO Niel Marotta will present an overview of the Company’s 2025 exploration and drill program.

Date: Thursday, June 19
Time: 4:00 PM ET | 1:00 PM PT
Register: https://app.livestorm.co/simone-capital/sun-summit-minerals-2025-exploration-update

About the JD Project

The JD Project is located in the Toodoggone mining district in north-central British Columbia, a highly prospective deposit-rich mineral trend. The project covers an area of over 15,000 hectares and is in close proximity to active exploration and development projects, such as Thesis Gold’s Lawyers and Ranch projects, TDG Gold’s Baker-Shasta projects, Amarc Resource’s AuRORA project, Centerra’s Gold’s Kemess East and Underground projects, as well as the past-producing Kemess open pit copper-gold mine.

The project is 450 kilometres northwest of the city of Prince George, and 25 kilometres north of the Sturdee airstrip. It is proximal to existing infrastructure in place to support the past-producing Kemess mine, including roads and a hydroelectric power line.

The JD Project is in a favourable geological environment characterized by both high-grade epithermal gold and silver mineralization, as well as porphyry-related copper and gold mineralization. Some historical exploration, including drilling, geochemistry and geophysics, has been carried out on the property, however the project area is largely underexplored.

About Sun Summit

Sun Summit Minerals (TSXV: SMN) (OTCQB: SMREF) is a mineral exploration company focused on the discovery, expansion and advancement of district scale gold and copper assets in British Columbia. The Company’s diverse portfolio includes the JD Project in the Toodoggone region of north-central B.C., and the Buck Project in central B.C.

Further details are available at www.sunsummitminerals.com.

References

  1. Hawkins, P.A. (1998), 1997 Exploration Report on the Creek Zone for Antares Mining and Exploration Corporation and AGC Americas Gold Corporation, JD Property, Toodoggone River Area, Omineca Mining Division, Internal Report #98-065-1.

Links to Figures

Figure 1: https://wp-sunsummitminerals-2024.s3.ca-central-1.amazonaws.com/media/2025/06/SMN_JD_Plans_20250618_Fig-1.jpg
Figure 2: https://wp-sunsummitminerals-2024.s3.ca-central-1.amazonaws.com/media/2025/06/SMN_JD_Plans_20250618_Fig-2-scaled.jpg
Figure 3: https://wp-sunsummitminerals-2024.s3.ca-central-1.amazonaws.com/media/2025/06/SMN_JD_Plans_20250618_Fig-3-scaled.jpg
Figure 4: https://wp-sunsummitminerals-2024.s3.ca-central-1.amazonaws.com/media/2025/06/SMN_JD_Plans_20250618_Fig-4-scaled.jpg

On behalf of the board of directors,

Niel Marotta
Chief Executive Officer & Director
info@sunsummitminerals.com

For further information, contact:

Matthew Benedetto, Simone Capital
mbenedetto@simonecapital.ca
Tel. 416-817-1226

Forward-Looking Information

Statements contained in this news release that are not historical facts may be forward-looking statements, which involve risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. In addition, the forward-looking statements require management to make assumptions and are subject to inherent risks and uncertainties. There is significant risk that the forward-looking statements will not prove to be accurate, that the management’s assumptions may not be correct and that actual results may differ materially from such forward-looking statements. Accordingly, readers should not place undue reliance on the forward-looking statements. Generally forward-looking statements can be identified by the use of terminology such as ‘anticipate’, ‘will’, ‘expect’, ‘may’, ‘continue’, ‘could’, ‘estimate’, ‘forecast’, ‘plan’, ‘potential’ and similar expressions. Forward-looking statements contained in this press release may include, but are not limited to, the Company’s exploration plans and forecasts; the geology, grade and continuity of mineral deposits; potential mineralization, exploration plans, and engagement with First Nations communities. These forward-looking statements are based on a number of assumptions which may prove to be incorrect which, without limiting the generality of the following, include: the focus, purpose and goals of project wide exploration; the existence and timing of news releases and updates, if any, coming from the project area; the Company’s ability to complete the drill program as currently contemplated; risks inherent in exploration activities; the uncertainties involved in interpreting drill results and other exploration data; the potential for delays in exploration or development activities; the possibility that future exploration, development or mining results will not be consistent with the Company’s expectations; accidents, equipment breakdowns, title and permitting matters; labour disputes or other unanticipated difficulties with or interruptions in operations; fluctuating metal prices; unanticipated costs and expenses; uncertainties relating to the availability and costs of financing needed in the future, including to fund any exploration programs on its projects; that the Company may not be able to confirm historical exploration results; the geology, grade and continuity of mineral deposits; volatility and sensitivity to market prices; volatility and sensitivity to capital market fluctuations; and fluctuations in metal prices. The forward-looking statements contained in this press release are made as of the date hereof or the dates specifically referenced in this press release, where applicable. Except as required by applicable securities laws and regulation, Sun Summit disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. All forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/255925

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Kraft Heinz said Tuesday that it will remove FD&C artificial dyes from its products by the end of 2027, and will not launch any new products in the U.S. containing those ingredients.

The company said in a release that about 10% of its U.S. items use FD&C colors, the synthetic additives that make many foods more visually appealing. Kraft Heinz brands that sell products with these dyes include Crystal Light, Kool-Aid, MiO, Jell-O and Jet-Puffed, according to a Kraft Heinz spokesperson.

The company removed artificial colors, preservatives and flavors from its Kraft macaroni and cheese in 2016 and its Heinz ketchup has never used artificial dyes, according to Pedro Navio, North America president at Kraft Heinz. It is unclear how removing the dyes will affect the company’s business, as consumers could perceive the products as healthier but also may be less drawn to duller colors.

Cases of Kool-Aid Jammers are stacked at a Costco Wholesale store in San Diego on April 27, 2025.Kevin Carter / Getty Images

The decision follows pressure from the U.S. Food and Drug Administration and Department of Health and Human Services, led by Secretary Robert F. Kennedy Jr., for the food industry to pull back on artificial dyes as part of a larger so-called Make America Healthy Again platform.

The FDA in April announced a plan to phase out the use of petroleum-based synthetic dyes by the end of next year and replace them with natural alternatives. Besides the previously banned Red No. 3, other dyes that will be eliminated include red dye 40, yellow dye 5, yellow dye 6, blue dye 1, blue dye 2 and green dye 2, FDA Commissioner Marty Makary said at the time.

Kennedy said at the time that the FDA and the food industry have “an understanding,” not a formal agreement, to remove artificial dyes. The Health and Human Services secretary discussed removing artificial food dyes during a meeting in March with top food executives from companies including Kraft Heinz, PepsiCo North America, General Mills, WK Kellogg, Tyson Foods, J.M. Smucker and the Consumer Brands Association, the industry’s top trade group.

A spokesperson for Kraft Heinz said on Tuesday that the company looks forward to partnering with the administration “to provide quality, affordable, and wholesome food for all.”

Momentum against food dyes had been building for years. In January, before President Donald Trump and Kennedy took office, the FDA announced a ban on the use of Red No. 3 dye in food and ingested drugs. The dye gives many candies and cereals their bright red color, but is also known to cause cancer in laboratory animals. The FDA allowed Red No. 3 to be used by food manufacturers for years, though the state of California had already banned the dye in 2023.

Kraft Heinz said in the release Tuesday that it has made more than 1,000 recipe changes over the past five years to improve product nutrition.

“The vast majority of our products use natural or no colors, and we’ve been on a journey to reduce our use of FD&C colors across the remainder of our portfolio,” Navio said. “Above all, we are focused on providing nutritious, affordable and great-tasting food for Americans and this is a privilege we don’t take lightly.”

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