Canadian Police Arrest Seven in Crypto Kidnapping Probe

Toronto police have arrested seven people in connection with the July armed abduction of a cryptocurrency exchange owner who was held at gunpoint, handcuffed, and beaten. Among those taken into custody are three Canadian Armed Forces reservists serving in the 7th Toronto Regiment: Talarambage Fernando, James Moreau, and Jack Miley.

During the operation, law enforcement seized significant contraband, including more than 2,500 rounds of ammunition suspected to have been stolen from the Canadian military. Officers also recovered a shotgun, two 3D-printed handguns, two silencers, alongside illegal narcotics including cocaine and methamphetamine.

The accused face a combined 82 criminal charges, including kidnapping for ransom, unlawful confinement, and weapons-related offenses. Military authorities have suspended the three reservists and restricted them from duty while police continue their investigation.