Terror Victims Sue Binance, Bitcoin Theft Horror in British Columbia, Citi's Not Sleeping on Crypto, and Japan Has New Rules for Exchanges | November 25, 2025
Description
Victims of the October 7 attacks in Israel have filed suit against Binance and its founder, Changpeng Zhao, alleging the platform served as a conduit for funding designated terror organizations (1:16 ). A disturbing case in Canada highlights the extreme lengths criminals will go to obtain private keys, reminding high-net-worth holders that digital assets can attract physical threats (3:03 ).
Citi is testing a private Ethereum-based network to enable 24/7 cross-border liquidity for multinationals, with plans for a full custody launch in 2026 (5:05 ). And Tokyo is moving to require exchanges to hold cash reserves against hacks and is considering a shift to treat crypto gains more like traditional stock investments (7:03 ).
More on stories and articles discussed or referenced in this episode:
Crosman, Penny. "Citi Is Laying Plans for Crypto Supremacy." American Banker, 24 November 2025, https://www.americanbanker.com/payments/news/citi-is-laying-plans-for-crypto-supremacy.
Greer, Darryl. "How Crypto Raiders Tortured B.C. Family with Waterboarding, Sex Assault, in $2M Heist." The Canadian Press, 21 November 2025, https://ca.finance.yahoo.com/news/crypto-raiders-tortured-b-c-090108110.html.
"Japan to Require Crypto Exchanges to Set Aside Liability Reserves." Nikkei, 25 November 2025, https://asia.nikkei.com/spotlight/cryptocurrencies/japan-to-require-crypto-exchanges-to-set-aside-liability-reserves.
Park, Danny. "Japan to Tighten Crypto Exchange Oversight with New Reserve Mandate: Report." The Block, 24 November 2025, https://www.theblock.co/post/380286/japan-crypto-exchange-reserve-mandate.
Stempel, Jonathan. "Hundreds of Oct. 7 Victims Sue World's Biggest Crypto Exchange for Hamas Money-Laundering." Reuters, 24 November 2025, https://www.reuters.com/legal/government/hamas-attack-victims-sue-binance-allegedly-allowing-payments-militant-group-2025-11-24/.
Zilber, Ariel. "Crypto Thieves Waterboarded, Beat and Sexually Assaulted Family in Sickening $1.6M Heist." The New York Post, 24 November 2025, https://nypost.com/2025/11/24/business/crypto-thieves-waterboarded-sexually-assaulted-family-in-1-6m-heist/.
The music in this episode was composed by Liborio Conti, and you can find more of his fantastic work at his YouTube page: https://www.youtube.com/liborioconti.
United States
