WLFI's Security Stumble, Kraken's Confidential IPO Filing, Europol versus Crypto Piracy, and More Samourai Wallet Sentencing | November 20, 2025
Description
A security scare hits World Liberty Financial, the Trump-family-adjacent token project dealing with compromised wallets, aggressive trading, and a shrinking on-paper fortune for its insiders (1:26 ). Kraken makes a confidential filing for a U.S. listing, fresh funding at a hefty valuation, and the broader wave of exchanges and infrastructure players exploring IPOs while the regulatory mood is comparatively supportive (3:20 ).
Europol executes a multi-country crackdown on piracy platforms that accept crypto, and investigators use digital assets themselves to follow the money (5:08 ). And finally, prison terms get handed to the leaders of Samourai Wallet; we look at what this case, alongside the Tornado Cash prosecutions, meanss for developers working on privacy tools (6:42 ).
More on stories and articles discussed or referenced in this episode:
Basil, Arasu Kannagi and Pritam Biswas. "Crypto Exchange Kraken Confidentially Files for US IPO." Reuters, 19 November 2025, https://www.reuters.com/business/crypto-exchange-kraken-confidentially-files-us-ipo-2025-11-19/.
"EUR 47 Million in Crypto Traced to Disrupt Digital Piracy Services." Europol, 19 November 2025, https://www.europol.europa.eu/media-press/newsroom/news/eur-47-million-in-crypto-traced-to-disrupt-digital-piracy-services.
"Founders Of Samourai Wallet Cryptocurrency Mixing Service Sentenced to Five and Four Years in Prison." United States Attorney's Office, Southern District of New York, 19 November 2025, https://www.justice.gov/usao-sdny/pr/founders-samourai-wallet-cryptocurrency-mixing-service-sentenced-five-and-four-years.
Nagarajan, Shalini. "Trump's Crypto Venture WLFI Faces Early Security Scare on User Wallets Before Launch." Cryptonews, 19 November 2025, https://cryptonews.com/news/trump-crypto-venture-wlfi-security-scare-user-wallets-phishing-attacks/.
Reddick, James. "International Operation Traces $55 Million Crypto Trail of Digital Piracy Sites." The Record from Recorded Future News, 19 November 2025, https://therecord.media/international-operation-traces-millions-crypto-streaming-piracy.
Wynn, Sarah. "Samourai Wallet Co-Founder William Lonergan Hill Sentenced to Four Years in Crypto Mixing Service Case." The Block, 19 November, 2025, https://www.theblock.co/post/379568/samourai-wallet-co-founder-william-lonergan-hill-sentenced-to-four-years-in-crypto-mixing-service-case.
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.
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