Toronto police arrested seven men, including three Canadian Armed Forces members, in connection with the kidnapping of a cryptocurrency exchange owner on July 25, 2026. The victim was allegedly targeted because of his access to cryptocurrency assets, abducted at gunpoint near Finch Avenue East and Bayview Avenue, then handcuffed and assaulted while suspects attempted to access his crypto and business security systems. Searches uncovered firearms with 3D-printed parts, silencers, drugs and more than 2,700 rounds of ammunition, with approximately 2,500 rounds stolen from the Canadian Armed Forces. A total of 82 charges have been laid against the seven suspects, three of whom are active or reserve military members.
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