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The once high-flying and now defunct German payment processing and financial services company, Wirecard, fell into oblivion after a fraud that involved the siphoning off of $2 billion from the companys balance sheet in June 2020 was uncovered. A new Wall Street Journal report now says the tainted companys COO Jan Marsalek may have been a Russian agent.

What Happened: Marsalek fled out of Austria in the wake of the revelation and landed in Belarus from where he was taken to Moscow by car, the report said. In Moscow, he was given a Russian passport under an assumed name, it added.

Western intelligence and security officials reportedly said that they have reached the unsettling conclusion that Marsalek was likely a Russian agent for nearly a decade. He reportedly used Wirecard to siphon out money to Russian spy agencies, which, in turn, used the money to fund covert operations around the world.

Marsalek, who is one of the most wanted individuals, provided assistance to late Russian landlord Yevgeny Prigozhins mercenary organization, the report said. He has since been involved in the reconfiguration of his business empire in Africa on behalf of Russian officials from his new domicile in Dubai, the report added, citing Western intelligence.

See Also: Best Fintech Stocks

Why Its Important: Wirecard started off as a payment processing service for pornography websites and evolved as an Internet behemoth, the Wall Street Journal said. At its peak, the company claimed it processed $140 billion transactions a year, pitting itself against big names such as Square and PayPal Holdings.

Although the company had been accused of accounting malpractices ever since the early days of its incorporation, it was only in 2019 that its wheels came off, after the Financial Times published investigative reports, whistleblower complaints and internal documents.

The company was forced to file for insolvency in June 2020 and its CEO Markus Braun was arrested.

Read Next: The Next Wirecard? 20 Things To Watch For To Spot A Massive Market Fraud

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Science

Earth’s Oceans Enter Danger Zone Due to Rising Acidification, New Study Warns

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Earth’s Oceans Enter Danger Zone Due to Rising Acidification, New Study Warns

The oceans of Earth are in worse condition than it was, thought, said the scientists. This is because of the increased acidity levels that led the sea to enter the danger zone five years ago. As per the new study, oceans are more acidic by releasing carbon dioxide from industrial activities such as fossil fuel burning. This acidification of the oceans damages marine life and the ecosystem, in turn threatening the coastal human communities that are dependent on healthy waters for their life.

Oceans May Have Crossed the Danger Zone in 2020

In the study published on Monday, June 9, 2025, in the journal Global Change Biology, researchers have found that acidification is highly advanced tha it was considered in the previous years. Our oceans might have entered the danger zone in the year 2020. Previous research suggested that the oceans of Earth were approaching a danger zone for ocean acidification.

How Ocean Acidification Happens

Ocean acidification is driven by the absorption of ocean of excess CO2 into the ocean, which is rapidly contributing to the global crisis. CO2 dissolves in seawater, forming carbonic acid, lowering pH levels and invading the vital carbonate ions. This threatens the species in the water, such as corals and shellfish, which depend on calcium carbonate to build their skeletons and shells.

The Planetary Boundary May Be Breached

Recent research depicts that the ocean acidification levels may now be breached, crossing the previous estimate of a 19% aragonite decline from the previous industrial levels. Scientists are alarmed that this change could destabilise the ecosystems of marine and, in turn, the coastal economies. This is a ticking bomb with socioeconomic and environmental consequences.

Global Consequences of Acidification

The recent findings suggest that scientists have feared in the past. Ocean acidification has reached dangerous levels, exceeding the limit that is needed to maintain a healthy and stable environment. As critical habitats degrade, the rippling effects are expected to cause harm to biodiversity, impact food security for many of the people who depend on the oceans for their livelihood.

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Science

NASA Chandra Spots Distant X-Ray Jet; Telescope Faces Major Budget Cuts

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NASA Chandra Spots Distant X-Ray Jet; Telescope Faces Major Budget Cuts

NASA’s Chandra X-ray Observatory has detected an enormous X-ray jet from quasar J1610+1811, observed at a distance of about 11.6 billion light-years (roughly 3 billion years after the Big Bang). The jet spans over 300,000 light-years and carries particles moving at roughly 92–98% of the speed of light. It is visible in X-rays because high-energy electrons in the jet collide with the much denser cosmic microwave background at that epoch, boosting microwave photons into X-ray energies. These results were presented at the 246th AAS meeting and accepted for publication in The Astrophysical Journal.

Discovery of the Distant X-ray Jet

According to the study, Chandra’s high-resolution X-ray imaging, combined with radio data, allowed the team to isolate the jet at such a great distance. At the quasar’s distance (about 3 billion years after the Big Bang), the cosmic microwave background was much denser. As a result, relativistic electrons in the jet efficiently scatter CMB photons to X-ray energies. From the multiwavelength data the researchers infer that the jet’s particles are moving at roughly 0.92–0.98 c. Such near-light-speed outflows are among the fastest known.

These powerful jets carry enormous energy into intergalactic space and provide a unique probe of how black holes influenced their surroundings during the universe’s early “cosmic noon” era.

Chandra’s Future at Risk

However, the Chandra mission now faces possible defunding: NASA’s proposed budget calls for drastic cuts to its operating funds. For nearly 25 years, Chandra has been a cornerstone of X-ray astronomy, so its loss would constitute a major setback. The SaveChandra campaign warns that losing Chandra would be an “extinction-level event” for U.S. X-ray astronomy. Scientists warn that ending Chandra prematurely would cripple X-ray science.

Andrew Fabian commented Science magazine, “I’m horrified by the prospect of Chandra being shut down prematurely”. Elisa Costantini added in an interview with Science that if cuts proceed, “you will lose a whole generation ” and it will leave “a hole in our knowledge” of high-energy astrophysics. Without Chandra’s capabilities, many studies of the energetic universe would no longer be possible.

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Politics

Vietnam legalizes crypto under new digital technology law

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Vietnam legalizes crypto under new digital technology law

Vietnam legalizes crypto under new digital technology law

Vietnam has passed a sweeping digital technology law that legalizes crypto assets and outlines incentives for AI, semiconductors, and infrastructure.

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