Crypto Donations for Freedom Convoy Truckers Having Trouble Being Seized
Authorities in Canada are apparently battling to confiscate any Bitcoin payments made to Freedom Convoy drivers in protest of the country’s vaccination regulations.
According to a report by Decrypt, the Canadian government is battling to recoup the majority of the $880,000 in peer-to-peer cryptocurrency contributions donated to the cause of the Freedom Convoy.
Last month, government officials and municipal officials were able to put a stop to the demonstration in Ottawa. Justin Trudeau, Canada’s prime minister, activated the country’s Emergencies Act. The Act empowered the authorities to seize bank accounts associated with donations to the Freedom Convoy movement. Additionally, officials were able to ask GoFundMe to restore $10 million in contributions given to the Freedom Convoy.
The Canadian government, on the other hand, has been unable to prevent a fundraising called “Bitcoin for Truckers” from raising cryptocurrency contributions for the protest. The Ontario Supreme Court has ordered the owners of the multi-signature wallet holding the donated Bitcoin, as well as 122 other cryptocurrency addresses, to freeze the cash.
According to CBC, prior to the Supreme Court’s ruling, 14.6 Bitcoin of the total 20.7 BTC had already been allocated to 101 individual unidentifiable crypto wallets.
Nicholas St. Louis, a member of the multi-sig wallet who tweets as Nobody Caribou, said that the transfer occurred “long before” any legal threats against the contribution group were made.