Freedom Convoy cryptocurrencies frozen by court order
An Ontario Supreme Court judge has ordered the freezing of millions of dollars in donations, including in bitcoin and other cryptocurrencies, transferred to stock wallets by protesting truckers in Ottawa.
The court's decision to block the funds, also known as the "Mareva injunction," was announced as part of a lawsuit filed against the convoy by Ottawa residents.
I can confirm that this is the first success. The Canadian court injunction targets bitcoin and cryptocurrency exchanges," said an attorney for the Ottawa residents who spoke for the plaintiffs.
The Canadian government is continuing its efforts to seize funds from the protesters. The freeze is a separate process aimed at potentially redistributing about $20 million to Ottawa citizens. The redistribution will only occur if the lawsuit against the Freedom Convoy is successful.
