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.
“Today, the Attorney General brought an application in the Superior Court of Justice for an order pursuant to section 490.8 of the Criminal Code prohibiting any person from disposing of, or otherwise dealing with, in any manner whatsoever, any and all monetary donations made through the Freedom Convoy 2022 and Adopt-a-Trucker campaign pages on the GiveSendGo online fundraising platform,” the government said in a statement.
“This afternoon, the order was issued. It binds any and all parties with possession or control over these donations.”
“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.
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.
A few hours later, GiveSendGo released a statement saying it would not honor the court order and that Canada has no jurisdiction over the US-based company.
“Know this! Canada has absolutely ZERO jurisdiction over how we manage our funds here at GiveSendGo,” the company tweeted.
“All funds for EVERY campaign on GiveSendGo flow directly to the recipients of those campaigns, not least of which is The Freedom Convoy campaign.”
“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.”
Business as normal for the alternative crowd-funding platform.
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.