Trump Family Disowns “Official Wallet” | BitoPro Hack | Ripple’s $9M Surveillance Gift | June 4, 2025

A Trump-branded crypto wallet launches—then immediately gets disowned by Trump’s own sons (0:51). Meanwhile, a stealthy new cryptojacking campaign is quietly targeting the backbone of DevOps infrastructure (2:47), and Taiwanese exchange BitoPro is the latest victim in a growing wave of crypto hacks (4:23). Also: Ripple Labs makes a huge donation to expand police surveillance in San Francisco (5:51).

This is your essential update on the forces shaping what’s next in money.

More on stories and articles mentioned or referenced in this episode:

Is Trump Unveiling a Crypto Wallet? His Associates Say Yes. His Sons Say No. David Yaffe-Bellany and Eric Lipton. New York Times (free registration required, soft paywall).

https://www.nytimes.com/2025/06/03/technology/trump-crypto-wallet-sons-rift.html

Trump's Sons Distance Themselves from New Trump-Branded Crypto Venture. Lucien Bruggeman. ABC News.

https://abcnews.go.com/US/trumps-sons-distance-new-trump-branded-crypto-venture/story?id=122470346

DevOps Tools Under Siege: New Cryptojacking Campaign Exploits Misconfigurations to Mine Cryptocurrency. Tom Smith. DevOps.com.

https://devops.com/devops-tools-under-siege-new-cryptojacking-campaign-exploits-misconfigurations-to-mine-cryptocurrency/

Taiwanese Crypto Exchange BitoPro Confirms Estimated $11.5 Million Hack. Catherine McGrath. Fortune.

https://www.yahoo.com/news/taiwanese-crypto-exchange-bitopro-confirms-154536634.html

Crypto Billionaire’s Company, Nonprofit to Give Over $9M to S.F. Police for Surveillance Unit. Eleni Balakrishnan. Mission Local.

https://missionlocal.org/2025/06/sfpd-ripple-chris-larsen-donate-9m-surveillance/

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