Toronto crypto exchange chief kidnapped by armed men; 7 charged, 3 are Canadian military reservists
- —The kidnapping took place in July in north Toronto; the executive's name is withheld
- —Seven men face 82 charges, three of them Canadian Armed Forces reservists
- —Police seized two 3D-printed pistols, a shotgun and 2,700 rounds of ammunition
- —Investigators identified the getaway vehicle within 24 hours of the victim contacting police
Why it matters: The case highlights a rise in violent attacks on crypto holders and exchange executives, forcing firms to spend millions on personal security.
Source: Cryptoast