The Quebec City Court ruled to freeze assets of a well-known cryptocurrency scammer and ordered him to transfer his bitcoins to a special account opened by authorities.

Dominic Lacroix, accused of organizing a fraudulent financial cryptocurrency pyramid PlexCoin and stealing $15 million from retail investors, on 6 July sent 420 bitcoins worth $3.7 million right in the hall of the Quebec City Court to a special account of a court-appointed administrator. The court also approved freezing of all assets owned by him and his wife, Sabrina Paradis-Royer. On 19 July, Lacroix again appeared in the court in order to confirm that the transaction was successful.

In case of refusal to transfer his bitcoins to a court-controlled account, Lacroix would be put in jail.

In June, the US Securities and Exchange Commission (SEC) through the court reached a decision to freeze Lacroix assets in the United States. This decision was made following an investigation begun in December 2017, regarding the crowdsdale of PlexCoin tokens.

The struggle between Canadian and US financial authorities and PlexCoin began in July 2017. Then, the financial regulator of Quebec, AMF, issued an order banning Dominic Lacroix, founder of PlexCoin and associated companies (PlexCorps, DL Innov and Gestio), to attract money via investment schemes, including ICO, and prohibited to raise investments not only from Quebec residents, but from anyone in the world.

Later, the Financial Markets Tribunal, TMF, ordered PlexCoin to stop its marketing campaign in the Internet, to close its Facebook accounts, websites, or at least block IP addresses of Quebec residents trying to access websites of the project.

But Lacroix did not comply with any regulators' requirements.

In October 2017, the Supreme Court of Quebec found Lacroix guilty of violating the previous ruling prohibiting him from raising funds from investors.

PlexCoin is a classic financial pyramid, which promised investors 1354% of monthly profit.