Canada | ForkLog

ForkLog 25 08.11.2024

WonderFi CEO Kidnapped and Ransomed for $1 Million

Dean Skurka, the CEO of Canadian cryptocurrency firm WonderFi, was kidnapped and later released after a ransom of $1 million was paid, according to local media. The incident occurred in downtown Toronto on November 6 around 6:00 PM. Unknown assailants forced the businessman into a car and demanded money. Skurka transferred $1 million to the […]

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ForkLog 26 13.08.2024

Founder of ezBtc Misappropriated User Funds for Gambling

The Canadian cryptocurrency platform ezBtc and its founder, David Smillie, misappropriated approximately 13 million CAD (~$9.5 million) of client funds, using part of it for gambling. This was reported by the British Columbia Securities Commission (BCSC). The company, which ceased operations in September 2019 and was liquidated in 2022, claimed to store all user investments […]

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ForkLog 8 21.06.2024

3iQ Seeks Approval for Canada’s First Solana ETF

Digital asset manager 3iQ has filed for the registration of Canada’s first Solana ETF, offering staking rewards of 6-8% annually. 3iQ Corp. is pleased to announce that we have submitted a preliminary prospectus for The Solana Fund (QSOL) in Canada in relation to an initial public offering. This continues our track record of innovation, and […]

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ForkLog 10 31.05.2024

Canadian Researcher Profiles the Average Bitcoin Investor

The typical bitcoin investor values personal growth and is emotionally stable. This conclusion was reached by behavioral scientist and University of Toronto associate professor Stefano Di Domenico, according to Decrypt. The study surveyed 500 clients of the Canadian platform Shakepay, with a questionnaire comprising over 350 questions. The research explored more than a dozen hypotheses; […]

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ForkLog 48 10.05.2024

Binance Faces Canadian Fine and Registers in India

The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has imposed an administrative fine of 6,002,000 CAD (~$4.4 million at the time of writing) on the cryptocurrency exchange Binance. #FINTRAC has imposed an administrative monetary penalty of $6,002,000 on Binance Holdings Limited, a foreign money services business. For more information, consult the Centre’s website: […]

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ForkLog 26 23.04.2024

Binance Faces Canadian Lawsuit Over Securities Violations

A class action lawsuit has been filed against Binance in Canada. A group of investors claims the exchange violated local securities laws. The plaintiffs, represented by Christopher Lochan and Jeremy Leader, allege that the platform sold cryptocurrency derivatives to retail users without proper registration. The investors have demanded compensation from Binance and an end to […]

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ForkLog 8 29.12.2023

CatalX Exchange Suspends Trading and Withdrawals

Canadian Bitcoin exchange CatalX has frozen trading and deposits and withdrawals after a security breach.

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ForkLog 7 30.11.2023

Survey shows Canadians’ rising disillusionment with cryptocurrencies

The share of Canadians who regret their cryptocurrency investments rose over the year from 68% to 77%, according to a survey by the Ontario Securities Commission.

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ForkLog 14 17.11.2023

Canadian intelligence warns of the threat of deepfakes

The Canadian Security Intelligence Service (CSIS) expressed concern about online disinformation campaigns conducted using deepfakes.

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ForkLog 15 03.11.2023

ChatGPT and Bard developers accused of stealing media content from news outlets

The News Media Alliance, representing U.S. and Canadian news publishers, was outraged by the use of their content by OpenAI and Google to train chatbots.

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ForkLog 11 14.08.2023

Coinbase expands its presence in Canada

The American bitcoin exchange Coinbase announced an expansion into Canada as part of a partnership with the local financial-services firm Peoples Trust Company.

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ForkLog 6 20.07.2023

Canadian Police Warn Crypto Investors About Home Robberies

In Canada, the number of robberies targeting large cryptocurrency investors at their own homes are on the rise.

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