- Canadian truckers protests or Canada convoy protest is among greatest stories experienced by folks this year.
- Major breaking point in this event was when authorities summoned Emergencies Act and, among other stuff, got command to seize all donations.
- Canadian convoy protest was basically a series on blockades and protests in Canada, against vaccine mandates of pandemic, commencing in early 2022.
Among the other things that this year witnessed, the Canadian Truckers’ protest was one in the limelight, and a major point came when the government decided to invoke the Emergencies act, all got the power to seize all the donations including the ones in digital assets.
Earlier, the truckers in Canada were protesting regarding the Covid 19 mandates and restrictions, along with the vaccine mandate to cross the Canada US border.
Canadian Broadcasting Corporation holds this story, summarizing this, Freedom Convoy halt transportation, in Ottawa town throughout February. Truckers came out of their normal routine to protest against pandemic mandates and limitations, involving vaccine mandates specifically for truckers to surpass the US-Canada border.
Emergencies Act stated clearly that, lawyers representing citizens of Ottawa town in a class-action lawsuit against these truckers of convoy operators, enlisted over 100 cryptocurrency wallets allegedly linked with protesters.
The civil suit is going towards the recovery of assets, involving virtual currency, raised by protesters and mobilize them into an escrow account, to be utilized as a mode of fulfilling damages resulting from the class action.
More Bitcoins Out There To Sieze
According to an investigation by the Canadian Broadcasting Corporation, the protestors raised around 20.7 Bitcoin (BTC), and just 5.9 are in Police Custody. These authorities include the Ottawa Police Service (OPS), Ontario Provincial Police (OPP), and RCMP which are focused on recovering the BTC used by these anti covid 19 health mandate protestors.
According to the article, Most of the nearly $1 million in known donations raised in the virtual currency for the Freedom Convoy appears to have evaded seizures by authorities over a month after the federal government invoked the Emergencies Act to freeze the convoy assets.
Research signifies that hundreds of thousands of dollars worth of Bitcoin that are associated with the protestors continued to move following the freeze orders.
And the Royal Canadian Mounted Police responded highlighting that it has the potential to seize and recover digital currency assets, further highlighting the past cases where the Crown successfully prosecuted the crypto criminals.
Where Are The Rest?
The network’s investigation team did not offer many attempts for discovering what actually happened to the rest of Bitcoin. CBC points to Nicholas St. Louis, one single folk. He wrote that to mitigate chokepoints, they will instantly commence decentralizing BTC and offering it to convoy organizers.
Regarding this video, the article states that, in another video, a folk was offered $8000 in an envelope.
A step-by-step guide regarding how he dispersed funds directly to truckers was shortly shared on the internet.
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Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
Source: https://www.thecoinrepublic.com/2022/03/23/canadian-government-lay-hold-of-6-out-of-21-bitcoins-offered-to-truckers-fleet/