The $42 Billion Typo: A Failure of Governance

The ContextOn 10 February 2026, Bithumb, South Korea’s second-largest cryptocurrency exchange, executed a catastrophic operational failure. A single employee entered a promotional value in bitcoin instead of Korean won. This data entry error converted a $423...

The Unreported Liability

The Serious Fraud Office’s 2025 pilot report documented 446 internal fraud and corruption cases across six public sector agencies in 15 months. The report explicitly states these figures are an undercount due to inadequate controls. Extrapolating the 0.45% to...

The Staffing Equation: A Liability Audit Trail

The Context A 27% workforce reduction. 28,000 employees lost between January and December 2025. The US Internal Revenue Service (IRS) workforce collapsed from 102,000 to 74,000. The hiring plan failed. Only 50 of 2,200 seasonal staff were onboarded. A 43-day...

The Vetting Vacuum

The ContextOn 8 February 2026, Morgan McSweeney, the 48-year-old chief of staff who orchestrated Labour’s 2024 landslide victory, resigned. His departure was triggered by the release of Epstein documents linking Peter Mandelson, a man McSweeney advised...