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Canada’s TD Bank freezes $1.1M donated to Freedom Convoy protesters

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The Toronto-Dominion Bank has said that it had frozen accounts holding about $1.4 million donated to the Freedom Convoy protesters. The bank has asked the Ontario Superior Court to take charge of the money. 

“TD has asked the court to accept the funds, which were raised through crowdfunding and deposited into personal accounts at TD, so they may be managed and distributed in accordance with the intentions of the donors, and/or to be returned to the donors who have requested refunds but whose entitlement to a refund cannot be determined by TD,” said a spokesperson for the bank.

Since the traditional means are facing blockades, some supporters of the truckers’ protests have turned to cryptocurrency. Because it is decentralized and peer-to-peer, the government cannot directly interfere.

Despite the government getting a court order to stop fundraising platform GiveSendGo’s raised funds from getting to the protesters, the crowdfunding platform said it has no plans to back down.

“Canada has absolutely ZERO jurisdiction over how we manage our funds here at GiveSendGo,” the company said. “All funds for EVERY campaign on GiveSendGo flow directly to the recipients of those campaigns.”

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