The Pearson Airport Scam and Decline of Canadian Trust | The Canadian Bitcoiners Podcast 266 Pt 2
The Canadian Bitcoiners Podcast - Bitcoin News With a Canadian SpinShow Notes
$970M. ~12,000 Bitcoin. The Prime Trust estate is trying to CLAW BACK coins that already LEFT Swan Bitcoin — and Strike, Galaxy & Fold are next. 2026's lesson: NOT YOUR KEYS, NOT YOUR COINS. Why Canadians must self-custody NOW.On this week's Canadian Bitcoiners Podcast, Joey and Len break down the biggest custody story in years: a bankruptcy court reaching back through the exit door to reclaim roughly 11,994 BTC ($938M), $24.66M in cash from Swan Bitcoin — the clearest "not your keys, not your coins" lesson yet. Then the rest of a brutal self-custody week, plus the privacy tools fighting back.In this episode:- Prime Trust's $970M clawback vs Swan Bitcoin — and why Strike, Galaxy, Fold Compass are next- A Ledger holder loses $1M to a fake paper "support" letter- $6.7M drained from a Kraken & Coinbase user, $5.3M laundered through Tornado Cash- Bitcoin Depot bankruptcy: 9,000+ Bitcoin ATMs go dark- Tether tightens its grip on Twenty One Capital — Jack Mallers says Strike is still his- Australia switches on zero-threshold transfer surveillance (Canada is next)- Italy proves Ordinals are fully traceable using Chainalysis- Sparrow Wallet ships Silent Payments — the privacy off-rampNotable North: the Pearson airport security-clearance scandal, Burlington home invasions, Oakville's "rain tax," , Toronto police charged in Spain, and more.The lesson of 2026 is simple: every custodian, exchange and ATM is a point of failure. The only Bitcoin that's truly yours is the Bitcoin only you can move. Self-custody isn't paranoia — it's the plan.Canadian Bitcoiners Podcast- Website: https://canadianbitcoiners.com- X: @CanadianBTCPod- Subscribe & turn on notificationsThis week's self-custody wake-up call is brought to you by the people who think your keys — and your money — should actually be yours:————————————————————————————————SPONSORS■ easyDNS — Canadian-owned, ICANN-accredited registrar that has accepted Bitcoin since 2013. Domains, DNS, email,hosting, all without selling you out. Use promo code **CBP Media** for 50% off your first purchase, no limits.→ https://easydns.com■ Bull Bitcoin — Canada's non-custodial, Bitcoin-only exchange. Founded 2013 in Montreal. They never hold your keys;you self-custody from day one. CBP listeners get 25% off fees for life.→ https://app.bullbitcoin.com/registration/cbp■ 256 Heat — Hashrate heaters: Bitcoin miners purpose-built to heat a space. Every watt of electricity becomes heat AND hashrate, so you're warming your space and stacking sats at the same time. Custom solutions available. Tell them CBPsent you for a discount.→ https://256heat.com■ Bitcoin Mentor — One-on-one coaching to take you from "I bought some Bitcoin" to true self-sovereign ownership. Wallets, keys, collaborative custody, inheritance planning, node setup, the whole stack. 30-day money-back guarantee on every package.→ https://btcmentor.io/aff/joey————————————————————————————————FOLLOW THE SHOW■■ CBP — https://x.com/CanadianBTCPod■ Joey — https://x.com/joeytweeets■ Len — https://x.com/thebtcpricebot————————————————————————————————#Bitcoin #SelfCustody #CanadianBitcoiners #PrimeTrust #SwanBitcoin #NotYourKeys #BitcoinNews #Tether #Privacy#Canada #BTC #Clawback
More from The Canadian Bitcoiners Podcast - Bitcoin News With a Canadian Spin
MSCI adopted its non-operating company rule on October 15, and the companion spreadsheet of potentially impacted securities lists Strategy with a potential action of "Deleted" — roughly $40.3B of the $44.4B of float-adjusted market cap on that entire list. The affected names publish November 11 and the change takes effect at the close on November 30, leaving 19 days between the list and any forced selling. MSTR dropped 9.56% in a single session after the decision. Tonight, Joey and Len walk through the 4-of-5 ratio test, whether Strategy actually trips it, and what index removal does and does not do to the Bitcoin sitting behind the stock. MSCI's announcement names no company, and Strategy says MSCI-linked funds hold only 3.1% of its basic shares.
MSCI adopted its non-operating company rule on October 15, and the companion spreadsheet of potentially impacted securities lists Strategy with a potential action of "Deleted" — roughly $40.3B of the $44.4B of float-adjusted market cap on that entire list. The affected names publish November 11 and the change takes effect at the close on November 30, leaving 19 days between the list and any forced selling. MSTR dropped 9.56% in a single session after the decision. Tonight, Joey and Len walk through the 4-of-5 ratio test, whether Strategy actually trips it, and what index removal does and does not do to the Bitcoin sitting behind the stock. MSCI's announcement names no company, and Strategy says MSCI-linked funds hold only 3.1% of its basic shares.
Ledger has confirmed an unauthorized hardware implant in an affected device sold through CryptoBilis, a reseller listed by Ledger. How can a hardware wallet pass a Genuine Check while a physical implant spies on its setup? Tonight, Joey and Len examine the reported supply-chain attack, the limits of device verification, and what this does to trust in self-custody. Loss totals remain third-party estimates; the confirmed implant does not establish that every Ledger device is compromised.
Ledger has confirmed an unauthorized hardware implant in an affected device sold through CryptoBilis, a reseller listed by Ledger. How can a hardware wallet pass a Genuine Check while a physical implant spies on its setup? Tonight, Joey and Len examine the reported supply-chain attack, the limits of device verification, and what this does to trust in self-custody. Loss totals remain third-party estimates; the confirmed implant does not establish that every Ledger device is compromised.
Ari Paul alleges Coinbase lost $25 million of BlockTower's money and concealed more than $1 billion in hack losses. Coinbase denies hiding a series of hacks or losing $1 billion, and Paul's claims remain unverified. Tonight, Joey and Len break down the allegations, Coinbase's response, and the risks of trusting someone else with your Bitcoin.