Canada Seizes $56M in Bitcoin, XRP and Other Crypto as It Shutters Exchange TradeOgre

In brief

  • Crypto exchange TradeOgre stopped working months ago.
  • Canadian police said they shut down the exchange and seized $56 million CAD ($40.5 million USD) in crypto from the platform.
  • The Royal Canadian Mounted Police said it was the country’s biggest crypto seizure.

Canadian police have confiscated $56 million CAD ($40.5 million USD) in digital assets after shuttering an exchange in the country’s largest crypto seizure yet, according to a statement by the Royal Canadian Mounted Police (RCMP) on Thursday.

The RCMP said that they took down the crypto exchange TradeOgre after a tip from European authorities, and that the platform failed to comply with money laundering regulations.

TradeOgre’s website no longer works, instead showing…

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