Three members of the Canadian Armed Forces have been formally charged with kidnapping the owner of a cryptocurrency exchange, according to police statements.
During the investigation, authorities seized firearms, silencers and more than 2,000 rounds of ammunition, the majority of which were reported as stolen from Canadian military stockpiles.
The case underscores a breach of military security protocols and raises concerns about the potential misuse of stolen arms in illicit activities, including crimes targeting the digital‑asset sector.
Law enforcement officials highlighted that the weapons were recovered in a separate location from the kidnapping scene, suggesting a broader network of illicit arms handling within the armed forces.
The incident may prompt tighter oversight of military inventory and reinforce cooperation between security agencies and cryptocurrency businesses to mitigate physical‑security threats.
This story was compiled by the Tradexus News Desk with the help of AI.
