Posted on 02/20/2022 10:22:37 AM PST by MinorityRepublican
Yesterday, a group of Ottawa residents won a private class action lawsuit to freeze at least 146 cryptocurrency wallets and bank assets tied to the main organizers of Canada’s “Freedom Convoy” in a bid to stanch funding for the ongoing demonstrations.
Known as a Mareva injunction, the lawsuit was filed by Ottawa residents Zexi Li, Geoffrey Devaney, and the Happy Goat Coffee business against key convoy organizers including Chris Barber, Benjamin Dichter, Tamara Lich, and Nicholas St. Louis. The hearing was held in private without public notice or access, lawyer Paul Champ who represents the residents bringing the suit, told The Star, a Toronto-headquartered Canadian newspaper. Li earlier this month won an injunction which barred protesters from honking their horns in downtown Ottawa.
The suit is unprecedented for the country, as it’s the “first time in Canada that a Mareva injunction [has] ever been used to freeze cryptocurrency,” says Matthew Burgoyne, a crypto- and blockchain-focused partner at Calgary-based McLeod Law. He added that the injunction was a powerful legal “remedy which can have significant consequences for a defendant.” The defendants weren’t given advance notice of the suit, says Champ.
Champ, who hired a private investigator and cryptocurrency expert, found that the organizers’ crypto movements outpaced the government’s attempts to track them.
Under the injunction, the named defendants, and those affiliated with them, are restricted from moving fiat and cryptocurrency assets in the bank accounts and cryptocurrency wallets specifically named in the suit. The respondents must now respond to the court and “submit to an examination under oath” regarding their assets and what the assets have been used for. The Mareva injunction is only used when there’s a “high risk” that the defendant will “dispose, encumber or…remove its assets from the jurisdiction during the course of litigation,” says Burgoyne.
(Excerpt) Read more at fortune.com ...
Hey man! How’s things?
I don’t think I was EVER in danger of dying.
The dangerous stuff (lungs) went away pretty fast.
Just the INTENSE bodily pain and inability to move was in a word, horrific.
But would I get the vax if I could go back in time? Nah.
Got nothing against folks who want to get it and do get it.
Just dont want it forced on me.
The government cannot freeze a crypto wallet. The can certainly limit the ability to exchange to dollars and move through the banking system.
People seem to toss around banking terms with crypto. They are two very different systems.
Haven’t seen you in a while. Good to see you. Hope you are enduring the encroaching tyranny well.
Being a fat #### is what likely made it so much worse for me.
Little bugger virus hides safely in the fat and causes issues.
+++++++++++++++++++++++++++++++
I saw an explanation recently of how this works (no link - if I can find it, I’ll post it to you) .... you would be correct in your assumptions!
Glad you are better & life goes on! Best ... ~Q
Exactly! My reference is James 1
“Defendants” who weren’t invited to the party are now obligated to participate in the sentencing phase. Those aren’t defendants, they’re victims.
:)
I have finally gotten over 2020 election and will be here quite a bit more than the last year or so.
I wanted WAR.
Now I realize that was not realistic at the time.
It may be some day.
I hope not.
Hope you have been well! :)
It appears that leaving crypto in an exchange which is subject to government orders, sorta defeats the whole point of having crypto in the first place.
...sorta defeats the whole point of having crypto in the first place.
Depends on why you are holding it??
At least it’s not Australia. There is a lot more private gun ownership in Canada. Their government is “cruisin’ for a bruisin’”.
“the lawsuit was filed by Ottawa residents Zexi Li, Geoffrey Devaney, and the Happy Goat Coffee business”
So three people file a lawsuit and Fortune writes a headline to make it sound like it’s everyone in Ottawa.
These propagandists are despicable to the core!
Canucks, bugger off.
At least one crypto has already told Can-Guv’mt to pound sand — “we do not have funds and we do not have ID beyond eMail. Impossible to seize $$”
Apparently Canadians would-be tyrants are as clueless on how crypto works as they are on freedom and free speech.
I use it to launder all my drug money. 🤣😂🤣
From what I understand the government has no control over the crypto wallets. What they are controlling are the owners, making them swear under oath they are not using or transferring crypto. They can lie and would only be sanctioned if the crypto recipient snitched on them.
“The truckers should just go on strike.”
I said that about a week ago on this site and was almost run out of town. Was not a very welcomed statement at the time.
Most crypto wallets can’t be frozen by design.
Yeah, then you want a private crypto wallet!
Does the Happy Goat well on line? If so don’t buy their products. Boycott.
Exactly, you have to think a lot of the crypto exchanges are for the most part run by Silicon Valley liberals who have no issue crushing anything rightwing in their businesses.
The next logical step is to go after any business that exchanges bitcoin for US Dollars.
Bitcoin or other cyrpto currencies are of no use to anyone that doesn’t accept them for payment or exchange them into something like USD or some other currency.
Umm....yeah - I don’t think this works as they seem to believe. These aren’t “accounts” held by an institution. Nobody can stop crypto transactions.
I think they’re making a claim of victory before the reality is understood.
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