Ottawa Court Freezes $20M in Cash, Bitcoin Donated to Truckers

Residents of Ottawa, Canada have filed a lawsuit against the Freedom Convoy 2022 protesters seeking up to $20 million out of the total amount of money raised in donations worldwide to be redistributed to citizens of the city, The Globe and Mail first reported.

An Ontario Superior Court judge in Ottawa then ordered the freezing of the protesters’ funds, both fiat and cryptocurrency, by mentioning regulated financial institutions and persons allegedly in charge of bitcoin custody for the convoy.

The freezing order, also known as a Mareva injunction, tells convoy protest leaders and institutions involved in the fundraising that they are now restrained from “selling, removing, dissipating, alienating, transferring” any of the assets raised in the donations campaigns, including bitcoin.

The order lists protest leaders and Bitcoin addresses attributed to each one of them, saying they aren’t allowed to move such funds. The order adds that any subsequent Bitcoin addresses that receive funds from the listed addresses will also be targeted, mentioning that chain analysis may be used.

“We have not been served with the order or related court documents,” a lawyer representing the convoy protesters told The Globe and Mail, adding that he only learned of the court order through media reports.

This news is republished from another source. You can check the original article here

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