The Supreme Court of Canada will look into whether or not an Ontario courtroom had jurisdiction to impose a statutory freeze on cryptocurrency in an alleged fraud case.
Three Nigerian residents are accused of defrauding an individual in Canada of about $65,000 in bitcoin.
The Ontario legal professional common utilized for orders to restrain and handle the digital forex, allegedly held by company entities that function as cryptocurrency exchanges.
Investigators traced the bitcoin to accounts held by one of many company entities, Nest Companies Ltd., which had a head workplace in Seychelles.
In December of final 12 months, the Ontario Superior Court stated a few of the requested restraint and administration orders needs to be granted.
Nest Trade Ltd. — as Nest Companies is now recognized — in addition to Binance Canada Capital Markets inc. and Binance Canada Ltd. then utilized for a listening to on the Supreme Court.
The highest courtroom, following its common follow, gave no causes Thursday for agreeing to hear the matter, and no listening to date has been set.
This report by The Canadian Press was first printed Oct. 1, 2026.
By Jim Bronskill | Copyright 2026, The Canadian Press. All rights reserved.
