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Freedom Convoy Continues, Fundraiser Raises $542K in Bitcoin

Bitcoin.com | Jamie Redman | Feb 8, 2022

freedom trucker convoy - Freedom Convoy Continues, Fundraiser Raises $542K in Bitcoin

PM Justin Trudeau Insists Trucker’s Protest ‘Has to Stop,’ Florida Governor to Investigate Gofundme’s Actions

The Freedom Convoy 2022 is still ongoing as thousands of people have surrounded the parliament buildings in downtown Ottawa, Ontario. The protest started on January 29, as Canadian truckers objected to the new coronavirus vaccine and testing rules.

On Monday, after falling ill with Covid-19, while being fully vaccinated and boosted, Canadian Prime Minister Justin Trudeau addressed parliament for the first time since he caught the coronavirus last week. ​​”Individuals are trying to blockade our economy, our democracy, and our fellow citizens’ daily lives. It has to stop,” Trudeau insisted.

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Trudeau’s statements follow the American crowdfunding platform, Gofundme, shutting down the Freedom Convoy’s fundraiser and telling the public it would be returning donations. The fundraiser raised $9 million for the truckers before Gofundme shut it down and the decision was met with criticism. After Gofundme reversed the Freedom Convoy’s fundraiser, Florida governor Ron DeSantis promised to investigate Gofundme’s decision. “I will work with [Florida Attorney General Ashley Moody] to investigate these deceptive practices,” DeSantis said.

Hundreds of Thousands in Censorship-Resistant Crypto Raised Since Gofundme Reversed Truckers’ Fundraiser

Three days ago, Bitcoin.com News reported on cryptocurrency advocates reacting to Gofundme’s decision and two crypto-infused fundraisers. A Bitcoin cash (BCH) supporter started a Flipstarter fundraiser in order to raise 100 BCH for the truckers and so far, the Flipstarter has raised 24.10 BCH or close to $8K using today’s exchange rates. Another fundraiser our newsdesk reported on was crafted by a Twitter account dubbed: “Honkhonk Hodl.”

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Honkhonk Hodl’s fundraiser — hosted on the Tally platform — has raised $541K or 12.41 bitcoin (BTC) so far and people can donate onchain or leverage the Lightning Network to send support. 53% of the BTC donors donated to the Freedom Convoy’s fundraiser onchain, while the rest utilized the Lightning Network. According to an interview with one of the fundraiser’s founders and the Toronto Star reporters Alex McKeen and Grant LaFleche, the fund’s keys are being held by five different individuals.

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NCFA Jan 2018 resize - Freedom Convoy Continues, Fundraiser Raises $542K in Bitcoin The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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