Canadian Authorities Are Having Difficulty Seizing All Bitcoin Donations for the Freedom Convoy Truckers.

According to reports, Canadian authorities are attempting to seize all Bitcoin donations made to Freedom Convoy truckers in response to the group’s protest of the country’s vaccine mandates. The Canadian government is attempting to recover most of the $880,000 in peer-to-peer crypto donations made to the Freedom Convoy’s cause.

Last month, government officials and local authorities were able to put a stop to the protest in Ottawa. Prime Minister Justin Trudeau of Canada invoked the country’s Emergencies Act. The government was able to freeze bank accounts associated with donations to the Freedom Convoy movement under the Act. Officials were also able to petition GoFundMe to return $10 million in donations made to the Freedom Convoy.

The Canadian government, on the other hand, has been unable to stop a fundraiser called “Bitcoin for Truckers,” which raised cryptocurrency donations for the protest. The Ontario Supreme Court has ordered the owners of the multi-sig wallet containing the donated Bitcoin, as well as 122 other crypto addresses, to freeze the funds.

According to CBC, prior to the Supreme Court’s order, 14.6 Bitcoin of the total 20.7 BTC had already been distributed to 101 separate unidentifiable crypto wallets. Nicholas St. Louis, a member of the multi-sig wallet who goes by the Twitter handle Nobody Caribou, the transfer took place “well before” any legal threats were made against the donation group.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news:

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page


CoinCu News

970x90.gif (970×90)