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

Toronto police charged seven men, including three Canadian Armed Forces reservists, with 82 offenses following the July 25, 2026 gunpoint kidnapping of a crypto exchange owner. Suspects sought access to digital assets and security systems. Searches recovered 3D-printed handguns, drugs, and 2,500 rounds of military ammunition stolen from the armed forces.

Involvement of Canadian Armed Forces reservists

• ▪Talarambage Fernando, James Moreau, and Jack Miley served in the 7th Toronto Regiment, a reserve artillery unit of the Canadian Armed Forces based at Moss Park Armoury
• ▪Canada's Department of National Defence removed reservists Talarambage Fernando, James Moreau, and Jack Miley from duties and restricted their military access pending administrative reviews
• ▪Three Canadian Armed Forces reservists—Talarambage Fernando, 22, James Moreau, 29, and Jack Miley, 24—were arrested and charged in connection with the July 25, 2026 kidnapping of a cryptocurrency exchange owner in Toronto

Police arrests and criminal charges

• ▪Toronto Police Service Chief Myron Demkiw stated that investigators have identified no outstanding suspects and expect no further arrests in the July 25, 2026 Toronto kidnapping case
• ▪Toronto police arrested suspects Saiefeddine Adem, Raheem Bishop-Jackson, Talarambage Fernando, James Moreau, Christian Darbandi, Jack Miley, and Suhaib Alekozai between July 26 and September 24, 2026
• ▪Toronto police announced on October 14, 2026, that seven men face a combined 82 criminal charges, including kidnapping for ransom with a firearm and forcible confinement

Seizure of stolen military ammunition

• ▪The Canadian Armed Forces confirmed it owned the seized ammunition, though the military had not flagged the rounds as missing prior to the Toronto police seizure
• ▪Toronto police seized more than 2,700 total rounds of ammunition, including approximately 2,500 stolen from the Canadian Armed Forces, and five stolen military overcapacity magazines during searches in the July 25, 2026 kidnapping investigation

Global trends in physical crypto attacks

• ▪Blockchain security firm CertiK recorded 52 verified public incidents of physical coercion wrench attacks targeting cryptocurrency holders globally during the first half of 2026
• ▪Chainalysis reported 46 physical coercion attacks against cryptocurrency holders worldwide in the first half of 2026, resulting in over $30 million stolen