Ontario judge orders up to $20 million of protesters' cash, cryptocurrency frozen
As police worked to arrest organizers of the convoy blockading Ottawa in downtown streets, a different kind of enforcement was playing out in court, where a group of citizens secured an order freezing millions in assets belonging to convoy fundraisers and organizers.
Convoy leaders are now restricted from moving as much as $20 million in assets tied to the occupation, from bank accounts to fundraisers to cryptocurrency assets, in what’s known as a mareva order that is in effect worldwide, according to the order issued by Justice Calum MacLeod.
“It’s the first time in Canadian legal history that bitcoin and cryptocurrency has been subject to a freezing order,” said the lawyer for the class action, Paul Champ.
Champ made the application as part of the same class action lawsuit that resulted in an injunction against loud horns that had become a hallmark of the convoy, which has been a fixture in downtown Ottawa for more than two weeks.
The application was made to secure assets for the court should the larger application — compensation for disruptions the convoy has caused — be successful. That would mean some of the millions raised for the convoy could be diverted to recompense Ottawa residents.
One of the lawyers representing those in the convoy, Keith Wilson, told CTV News Toronto he would fight back against the seizing order, which was issued without any notice to convoy participants.
“The most recent order will be challenged just like we are bringing court actions to strike down all of the other government attempts to prevent Canadians from supporting a cause they believe in,” Wilson wrote in an email.
This order is separate from the order freezing funds from GiveSendGo, an American crowdfunding website, that was obtained by Ontario’s Attorney-General, and from any extra powers given to the federal government through its invocation of the Emergencies Act.
The court application describes the various ways the protesters have tried to raise money, first through a fundraiser on the platform GoFundMe, which raised more than $10 million but shut the fundraiser down and refunded most of the money. TD Bank has already applied to the court for direction on what to do with roughly $1.4 million that did make it into a personal account.
The protesters turned to GiveSendGo, an American crowdfunding platform that raised more than US$9.3 million before its funds were ordered frozen. The platform taunted Canadian authorities on Twitter. Earlier this week, a cache of donation data was revealed by hackers.
The protesters have since turned to cryptocurrency such as Bitcoin, with one, Pat King, even seeking to create his own cryptocurrency, the application says. That’s why lawyers targeted the assets in numerous banks, crowdfunding websites, and at least 120 cryptocurrency wallets, the application says.
“As the Freedom Convoy’s unlawful tactics became increasingly obvious, legitimate fundraising platforms were no longer will to support them,” the application says.
In Toronto, the chief anti-money laundering officer for cryptocurrency exchange Bitbuy told CTV News they have already received a notice from the RCMP requesting further action on a list of accounts.
"There are about 34 of them," Joseph Iuso said. "What we do is we look at those addresses and compare to see if there is any interaction with us."
CTVNews.ca Top Stories
BREAKING Trump chooses anti-vaccine activist Robert F. Kennedy Jr. as health secretary
U.S. President-elect Donald Trump says he will nominate anti-vaccine activist Robert F. Kennedy Jr. to lead the Department of Health and Human Services, putting him in charge of a massive agency that oversees everything from drug, vaccine and food safety to medical research and the social safety net programs Medicare and Medicaid.
LIVE UPDATES Rogers Centre opens its doors to thousands of Taylor Swift fans for the first sold-out show
Taylor Swift is in Toronto to perform her first of six sold-out shows at the Rogers Centre tonight.
Purolator workers won't handle Canada Post packages if strike occurs, union says
Teamsters Canada says if Canada Post workers go on strike or are locked out, its members at Purolator won't handle any packages postmarked or identified as originating from the carrier.
Canada urged to cut government-funded research collaborations with China: report
A newly released report is urging Canada to immediately end all government-funded research collaborations with China in a variety of different areas.
Measles cases in New Brunswick continues to climb
The number of measles cases in New Brunswick continues to climb. Officials with New Brunswick’s Department of Health said as of Thursday, the number of confirmed cases since October has reached 43.
Police release bodycam video of officer-involved incident at Hindu temple protest in Brampton, Ont.
Police say an officer who forcefully removed a 'weapon' from a protester outside of a Hindu temple in Brampton was acting 'within the lawful execution of his duties' after bystander video of the incident circulated widely online.
Here's how a potential Canada Post strike may affect Canadians
A disruption in Canada Post services would hit some Canadians harder than others. As the deadline approaches for a potential strike at midnight Friday, CTVNews.ca asked readers how it would affect them and how they are preparing.
Partial confinement lifted in Longueuil after CN train derailment and chemical spill
The City of Longueuil has partially lifted the confinement measure currently in effect around the site of a CN train derailment near Jacques-Cartier West Boulevard and Saint-Georges Street after the incident spilt an unknown quantity of hydrogen peroxide Thursday morning.
New Pentagon report on UFOs includes hundreds of new incidents but no evidence of aliens
The Pentagon's latest report on UFOs has revealed hundreds of new reports of unidentified and unexplained aerial phenomena but no indications suggesting an extraterrestrial origin.