Toronto police charge seven men, including three Canadian Armed Forces members, in kidnapping of crypto exchange owner

Toronto police said seven men have been arrested and charged in the kidnapping of the owner of a cryptocurrency exchange, with three of the accused identified as members of the Canadian Armed Forces. Investigators filed 82 charges, including kidnapping for ransom and multiple firearms offenses, but did not identify the victim or the exchange involved. Police allege the victim was targeted near Finch Avenue East and Bayview Avenue on July 25, 2026, then abducted at gunpoint, handcuffed, assaulted, and pressured to provide access to cryptocurrency assets and business security systems. Searches tied to the case led to the seizure of a shotgun, two 9mm firearms with 3D-printed receivers, two silencers, GPS tracking devices, handcuffs, methamphetamine, cocaine, and more than 2,700 rounds of ammunition. Investigators said about 2,500 of those rounds had been stolen from the Canadian Armed Forces. Police added that no outstanding suspects remain, though the investigation continues, and placed the case in the context of several crypto-linked kidnappings previously reported in Canada.