Canada Seizes $56M in Bitcoin, XRP and Other Crypto as It Shutters Exchange TradeOgre
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 a message that it has been seized by Canadian police. RCMP told Decrypt that it had seized Bitcoin, Ethereum, XRP, Litecoin, Tron, and Qubic so far in the operation.
“Investigators have reason to believe that the majority of funds transacted on…
