Toronto police charge 7 men, including 3 soldiers, after crypto exchange owner abducted

Toronto police have charged seven men, including three members of the Canadian Armed Forces, following the abduction of a cryptocurrency exchange owner in July. The Toronto Police Service confirmed Wednesday that the suspects face a total of 82 criminal counts, such as kidnapping for ransom and various firearms-related offenses. According to the investigation, the victim, whose name and affiliated exchange have not been disclosed, was targeted as he walked toward his vehicle near Finch Avenue East and Bayview Avenue on July 25, 2026. Police stated the man was abducted at gunpoint, handcuffed, and assaulted as assailants attempted to access his crypto assets and business security systems. He was later released after suspects threatened and warned him not to involve authorities.

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