Toronto police charge three Canadian Armed Forces reservists in kidnapping of crypto exchange owner

Toronto police have charged seven men in the alleged abduction of a crypto exchange owner in North York on July 25, 2026. Three of the accused are reservists in the Canadian Armed Forces. That detail changes the shape of the story. Police say nearly all of the ammunition recovered in the case was allegedly stolen from the Canadian military. Together, the seven men face 82 charges. They include kidnapping for ransom, firearm offenses and drug trafficking. The case started as a single kidnapping investigation and grew into something police are treating as organized crime. What police say happened The victim was reportedly targeted at gunpoint and held against his will. Police allege the goal was to gain access to his digital assets and to his business’s security systems. The Integrated Gun and Gang Task Force’s Kidnapping Unit took the lead on the case. As investigators worked through it, the probe widened into a broader organized crime inquiry. Police announced the charges at a press conference on October 14, 2026. That came nearly three months after the alleged abduction. Investigators say the work is ongoing. They are still trying to establish any further connections among the peo...