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Home News Cryptocurrencies Regulation

Canadian Courts Demand To Freeze Funds Rejected By Crypto Wallet

by The Distributed Team
February 23, 2022
in Regulation
Canadian Courts Demand To Freeze Funds Rejected By Crypto Wallet

Ontario Superior Court of Justice sent Nunchuk a self-custodial Bitcoin wallet a Mareva Injunction, ordering it to freeze and disclose information about the assets involved in the Freedom Convoy 2022 campaign in an effort to derail the funds being sent in support of the truckers protesting Covid-19 restrictions.

Nunchuck’s official response reads that it is a “self-custodial, collaborative multi-sig Bitcoin wallet” and that it’s a “software provider, not a custodial financial intermediary.”

Yesterday, the Ontario Superior Court of Justice sent us a Mareva Injunction, ordering us to freeze and disclose information about the assets involved in the #FreedomConvoy2022 movement.

Here is our official response. pic.twitter.com/iuxliXhN5y

— nunchuk_io (@nunchuk_io) February 19, 2022

Going Against Court Orders

Cryptocurrency is decentralized by nature, it has gained traction was to prevent things like this from happening. So far, it has held up against the legal system.

Coinbase CEO, Brian Armstrong claimed it is “concerning to see stuff like this happening in any country, especially such an economically free place like Canada.”

After GoFundMe decided to not distribute $9 million raised in support for the truckers, crypto quickly became the main way to donate to the cause.

Tags: CanadaDecentralizedGovernmentProtestRegulation

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