Canada dismantles TradeOgre exchange, seizes $40 million in crypto
The Royal Canadian Mounted Police has shut down the TradeOgre cryptocurrency exchange and seized more than $40 million believed to originate from criminal activities.
This is the first time a crypto exchange has been shut down by Canadian law enforcement, and it also marks the largest asset seizure in the country’s history.
TradeOgre was a small exchange platform that focused on user privacy and dealt in niche altcoins, as well as the harder-to-trace Monero cryptocurrency.
It was known for allowing users not to identify through Know Your Customer (KYC) policies and did not comply with Canadian laws and regulations.
Illegal crypto platform
Canadian authorities, specifically the Money Laundering Investigative Team (MLIT),…
