
Toronto Police are investigating a kidnapping targeting the owner of a cryptocurrency exchange: On July 25, the victim was abducted at gunpoint while approaching his car, with suspects attempting to gain access to his crypto assets and company security systems. Authorities have not yet disclosed the victim’s identity or the exchange’s name. What troubles me isn’t just that someone committed a kidnapping for crypto assets—but that police revealed three of the seven suspects arrested are members of the Canadian Armed Forces. Searches also uncovered firearms, GPS tracking devices, and over 2,700 rounds of ammunition, approximately 2,500 of which have been identified as stolen from military stockpiles. When the target shifts from a wallet to a person who controls access to assets and systems, the risk extends far beyond the screen. The involvement of military personnel and the infiltration of military-grade ammunition into this case suggest this is not merely a personal extortion attempt—it’s a warning sign that demands urgent attention to weapons management.

