RCMP Seizes $56M CAD in Crypto, Shuts Down TradeOgre in Canada’s Largest Digital Asset Bust
The Royal Canadian Mounted Police (RCMP) have executed the country’s largest cryptocurrency seizure to date, recovering more than $56 million CAD in crypto from the exchange TradeOgre.
The move not only marks a record seizure but also the first time Canadian police authorities have dismantled a cryptocurrency trading platform, the RCMP said in a press release.
According to the authorities’ Eastern Region division, the seizure followed a year-long probe by the Money Laundering Investigative Team (MLIT). The case began in June 2024 after a tip from Europol came in, which flagged the platform’s alleged non-compliance with Canadian law.
Investigators determined that TradeOgre had failed to register with the Financial Transactions and…
