Bitcoin wallet exposes ineptitude of Canadian gov’t with blistering response after court tries to freeze crypto assets

The Canadian government’s attempt to freeze cryptocurrency funds being used to help Freedom Convoy protesters was met with a defiant response by one cryptocurrency wallet.

After invoking the Emergencies Act and Terrorist Financing Act last week, Canadian authorities began clamping down on finances related to the Freedom Convoy protests.

As part of the Canadian government’s efforts, the Royal Canadian Mounted Police sent a letter to banks and cryptocurrency exchanges demanding they “cease facilitating any transactions” with a list of 34 cryptocurrency addresses. Meanwhile, a judge on the Ontario Superior Court of Justice signed a Mareva injunction to freeze cryptocurrency assets in more than 120 crypto addresses.

Nunchuk is a self-custodial crypto-wallet that safety stores Bitcoin and other cryptocurrencies. The company was ordered in the Mareva injunction to freeze all assets the Canadian government believes are connected to the Freedom Convoy protests and disclose user information.

But the company refused.

And not only did Nunchuk hit the Canadian government with a blistering response, but the company highlighted that, in fact, the order demonstrates that the Canadian government does not understand how cryptocurrency works.- READ MORE