Monday, August 18, 2025

Polaris of Enlightenment

Crypto fraudster sentenced – faces 110 years in prison

Published 9 November 2023
– By Editorial Staff
Sam Bankman-Fried himself claims that he has done nothing wrong.
1 minute read
A court in New York, after a five-week trial, has determined that cryptocurrency founder Sam Bankman-Fried was guilty of extensive fraud and embezzlement when a sum equivalent to approximately 7.7 billion euros disappeared from his cryptocurrency exchange FTX – now he faces the possibility of being sentenced to 110 years in prison.

The cryptocurrency founder has secretly transferred customers’ money to his own trading company Alameda Research, which then lost a large part of it in what was described as “failed trades”.

According to the Wall Street Journal, FTX deployed more than half of the users’ assets and several billion dollars vanished without a trace.

Bankman-Fried, who is also one of Joe Biden’s and the Democrats’ biggest financiers, has consistently claimed that he did not commit any crime intentionally but that he acted in “good faith” – and blamed the alleged incompetence of his employees.

However, the court did not accept this, instead finding that the Jewish American entrepreneur was fully aware of what he was doing when he transferred customers’ money to his own hedge fund without their knowledge. During the trial, several high-ranking employees and FTX executives testified against Bankman-Fried.

The actual sentence to be imposed will be announced at a later date.

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USA: Putin accepts NATO-like security guarantees for Ukraine

The war in Ukraine

Published today 12:45
– By Editorial Staff
Russian President Vladimir Putin and US President Donald Trump ahead of Friday's meeting in Alaska.
5 minute read

Russian President Vladimir Putin has agreed that the USA and its European allies can offer Ukraine security guarantees similar to NATO’s collective defense rule in case of attack. This was reported by Trump’s envoy Steve Witkoff after the meeting between the two presidents.

Witkoff, who participated in the talks at a military base in Alaska, described the development as a breakthrough:

— It was the first time we had ever heard the Russians agree to that, he said, calling the whole thing “game-changing”.

— We were able to win the following concession: that the United States could offer Article 5-like protection, which is one of the real reasons why Ukraine wants to be in NATO, Witkoff told in an interview with CNN.

Trump’s envoy gave few details about how such an arrangement would work. However, the development represents a major change for Putin. It could be a solution to circumvent his opposition to Ukraine’s NATO membership – something Kiev has long sought.

The issue is expected to be central during Monday’s meeting at the White House, where Ukrainian President Volodymyr Zelensky and leading European leaders will discuss how the 3.5-year-long conflict can be brought to an end.

Article 5 as model

Article 5 forms the heart of the US-led military alliance NATO. It states that an armed attack against one member country is considered an attack against all member countries.

Secretary of State Marco Rubio, who also participated in the summit, emphasized that this week’s talks focus on designing the structure of the security guarantees:

— How that’s constructed, what we call it, how it’s built, what guarantees are built into it that are enforceable, that’s what we’ll be talking about over the next few days with our partners, Rubio said, describing it as a “major concession” by Russia.

Witkoff also revealed that Russia has agreed to introduce legislation ensuring they do not “attack or violate the sovereignty of any territory”.

— The Russians agreed on enshrining legislatively language that would prevent them from – or that they would attest to not attempting to take any more land from Ukraine after a peace deal, where they would attest to not violating any European borders.

European Commission President Ursula von der Leyen welcomed the news from the White House when she spoke in Brussels together with Zelenskyy. Meanwhile, a European coalition is planning to create a military force to monitor a future peace in Ukraine:

— We welcome President Trump’s willingness to contribute to Article 5-like security guarantees for Ukraine and the ‘coalition of the willing’ – including the European Union – is ready to do its share, she said.

Zelensky demands practical guarantees

Zelensky in turn thanked the USA for the signal of support for the guarantees, but claimed that much is still unclear:

— There are no details how it will work, and what America’s role will be, Europe’s role will be and what the EU can do – and this is our main task: We need security to work in practice like Article 5 of NATO.

French President Emmanuel Macron emphasized that the content of the security guarantees is more important than what they are called:

— We’ll show this to our American colleagues, and we’ll tell them, ‘Right, we’re ready to do this and that, what are you prepared to do?’ That’s the security guarantee, Macron said.

“Will have consequences”

Witkoff and Rubio also defended Trump’s decision to abandon demands for a ceasefire in favor of a complete peace agreement. They stated that significant progress was made during the meeting:

— We covered almost all the other issues necessary for a peace deal. We began to see some moderation in the way they’re thinking about getting to a final peace deal, Witkoff said without going into details.

Rubio, who is also Trump’s national security advisor, explained that a ceasefire was impossible on Friday because Ukraine was not present:

— Ultimately, if there isn’t a peace agreement, if there isn’t an end of this war, the president’s been clear, there are going to be consequences. But we are trying to avoid that.

— We’re still a long ways off. We’re not at the precipice of a peace agreement. We’re not at the edge of one. But I do think progress was made towards one, he continued.

Territorial concessions on the agenda

A central question for Monday’s meeting is what territorial concessions Zelensky can accept. After the meeting with Trump, Putin repeated his demands for Donetsk and Luhansk in the Donbas region, but it is unclear whether Trump sees this as acceptable.

Witkoff added that Russia wants territory based on legal borders, not battle lines:

— There is an important discussion to be had with regard to Donetsk and what would happen there. And that discussion is going to specifically be detailed on Monday.

Zelensky has so far rejected Putin’s demands that Ukraine give up the Donbass region – which Russia does not yet fully control – as a condition for peace. In Brussels, he recently claimed that “the constitution of Ukraine makes it impossible to give up territory or trade land”.

Trump: No Crimea or NATO for Ukraine

The war in Ukraine

Published today 11:36
– By Editorial Staff
Trump demands concessions from Ukraine - but how far-reaching these should be remains unclear.
2 minute read

US President Donald Trump is convinced that Ukrainian President Volodymyr Zelensky can stop the war “immediately”. This by accepting conditions that would mean Kiev gives up NATO ambitions and territories.

According to Donald Trump, Zelensky can end the war with Russia very quickly – but only if he is willing to make significant concessions. The American president wrote this on his Truth Social platform ahead of a planned meeting with the Ukrainian leader scheduled for Monday.

“Zelenskyy can end the war with Russia almost immediately, if he wants to, or he can continue to fight”, Trump wrote on Sunday on Truth Social, and continued:

“Remember how it started. No getting back Obama-given Crimea (12 years ago, without a shot being fired!), and NO GOING INTO NATO BY UKRAINE. Some things never change!!!”

Photo: facsimile/Truth Social

The American president was referring to the events of 2014, when the then-US President Barack Obama’s administration did not intervene after Crimea voted to reunite with Russia following a Western-backed coup in Kyiv.

Cautious optimism

According to reports, the peace proposal to be discussed at Monday’s meeting could mean that Ukraine gives up its remaining positions in the Donbass region. The proposal would also mean that current battle lines are frozen in exchange for a ceasefire.

Such conditions have been categorically rejected by Zelensky in the past. The Ukrainian president has consistently maintained that Crimea and other regions must return to Ukrainian control, and he has rejected all compromises on territorial concessions.

Monday’s meeting comes shortly after Trump met with Russian President Vladimir Putin in Alaska, where both leaders expressed cautious optimism about the possibilities of finding a solution to the conflict.

Additional Russian demands

Moscow has repeatedly clarified its conditions for peace: Ukraine must abandon its NATO ambitions, undergo demilitarization and “denazification,” and recognize Russian control over Crimea, Donetsk, Luhansk, Kherson and Zaporizhzhia – regions that have voted to join Russia.

Putin has also emphasized that a peace agreement must serve Russia’s security interests and create a fair balance of power in Europe for lasting peace to be achieved and maintained.

As an alternative to NATO membership, Washington and its European allies are considering offering Ukraine security guarantees outside NATO’s framework. This was stated by US special envoy Steve Witkoff to Fox News yesterday.

Whether Zelensky will accept Trump’s conditions for peace, or whether he chooses to continue the fight, remains to be seen after Monday’s meeting at the White House.

National strike and mass protests in Israel

The situation in Gaza

Published today 9:21
– By Editorial Staff
Sunday's demonstrations in Israel are assessed to be the largest since the war began in October 2023.
2 minute read

Tens of thousands of people gathered on Sunday on the streets of Israel in a nationwide protest against the war in Gaza. Demonstrators blocked major highways and demanded an end to the conflict and the release of the remaining hostages.

Sunday’s massive protests were organized by families of hostages and activists demanding an immediate end to the war in Gaza and the swift release of the remaining hostages, reports Associated Press.

Over 300 demonstrations reportedly took place, from Tel Aviv to Jerusalem and other cities, with the largest gatherings expected in Tel Aviv at the so-called Hostages Square.

Demonstrators blocked Highway 1 among other roads, where they set fire to tires and caused long traffic jams. Several dozen people were arrested for disturbing the peace. Many of the participants were relatives of hostages and reserve soldiers who have refused to participate in the war.

The demands are clear: an end to the war and a diplomatic solution to secure the return of Israeli citizens and soldiers being held hostage by Hamas in Gaza.

Government representatives criticize the protests

Many private companies, universities and certain trade unions support the strike and urge employees to participate, while Israel’s largest trade union, Histadrut, has chosen not to participate officially. However, Histadrut has urged employers to allow staff to participate in the demonstrations without losing pay.

Government representatives have criticized the protests. Finance Minister Bezalel Smotrich called them a harmful campaign that benefits Hamas, while Culture Minister Miki Zohar warned that blockades and disruptions harm the country’s security.

Sunday’s protests are the largest since last year’s escalation of the conflict and show growing domestic division in Israel over how the war should be handled.

The UN and other organizations warn of humanitarian consequences from the continued conflict in Gaza, where tens of thousands of civilians have already been killed or injured.

Putin and Trump agree on “major points” after summit

The new cold war

Published 16 August 2025
– By Editorial Staff
The two presidents during the joint press conference following the summit shortly after midnight Nordic time.
2 minute read

US President Donald Trump and Russian President Vladimir Putin met overnight into Friday for a summit in Alaska, where the situation in Ukraine was at the center of discussions. No concrete ceasefire agreement was reached, but both leaders described the meeting as constructive and indicated that dialogue will continue.

At a joint press conference following the meeting, Trump described the talks as “extremely productive” and explained that the parties had agreed on “several major points,” although no final agreement was signed.

– So just to put it very quickly, I’m going to start making a few phone calls and tell them what happened. But we had an extremely productive meeting, and many points were agreed to. There are just a very few that are left. Some are not that significant. One is probably the most significant, but we have a very good chance of getting there, said the American president.

Putin emphasizes bilateral relations

Putin opened the press conference by focusing on the relationship between the US and Russia. The Russian president expressed confidence that Trump will contribute to improved relations between the two superpowers.

– In general, me and President Trump have very good direct contact. We’ve spoken multiple times. We spoke frankly on the phone … Our advisers and heads of foreign ministries kept in touch all the time, and we know fully well that one of the central issues was the situation around Ukraine, Putin explained during the press conference.

Despite the ongoing war, Putin described Ukraine as a “brotherly nation,” which can be seen as an attempt to signal openness to diplomatic solutions.

Meeting concluded after midnight

The summit, which lasted just over two and a half hours, concluded shortly after midnight local time. Around 2 AM Central European Time, Putin headed to his plane for the return journey to Moscow.

Although no concrete results were presented, both leaders hinted that negotiations may continue. Trump’s statement that he will “start making some calls” suggests that diplomatic efforts will continue.

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