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AI & Enterprise

AWS still unable to restore Bahrain, UAE facilities six months after Iran drone strikes

Amazon Web Services said it has not been able to restore services and data access at parts of its cloud facilities in Bahrain and the United Arab Emirates damaged by drone strikes early in the Iran war. AWS said damage at several Bahrain facilities exceeded what its services were designed to withstand and that resources and data stored only in the region cannot be recovered. In the UAE, one of three availability zones also remains unrecoverable.

Crypto

U.S. seeks forfeiture of $61 million in crypto tied to alleged Iran oil payment laundering via Binance accounts

U.S. federal prosecutors are seeking civil forfeiture of about $61 million in cryptocurrency they say is linked to proceeds from Iran’s black-market sales of sanctioned crude oil and petroleum products. Prosecutors filed a civil complaint and alleged the funds could have been used by Iran’s government, military and the Islamic Revolutionary Guard Corps. The complaint names two China-linked firms and identifies an interconnected wallet network that allegedly moved more than $1.5 billion.

Crypto

Bitcoin up 24 percent in August, strongest since 2017 despite U.S.-Iran clash

Bitcoin posted its strongest August rise since 2017, gaining more than 24 percent to trade around $78,000, despite renewed U.S.-Iran military clashes and a hawkish turn by the Federal Reserve. Brent crude climbed to around $91 a barrel after strikes and retaliation, stoking inflation worries. Analysts said oil supply disruption risks remain limited. Market data showed spot trading volumes stayed weak, though activity stabilized and some exchanges saw modest month-on-month increases.