US EditionRCMP Seizes $56M CAD in Crypto, Shuts Down TradeOgre in Canada’s Largest Digital Asset Bust
The Royal Canadian Mounted Police seized $56 million CAD from TradeOgre, an unregistered platform linked to criminal transactions, marking a first in Canadian law enforcement history.
- On Thursday, the Royal Canadian Mounted Police recovered $56 million CAD from TradeOgre cryptocurrency exchange platform, calling it the country's largest cryptocurrency seizure to date.
- Last year, the RCMP's Money Laundering Investigative Team began probing TradeOgre after a Europol tip, finding it failed to register with FINTRAC or identify clients.
- A year-long MLIT probe found TradeOgre allowed anonymous account creation, aiding organized crime groups and that most funds transacted were from criminal sources.
- The RCMP said investigators will analyze transaction data and potential charges may follow, but the statement did not confirm any arrests and the investigation remains ongoing.
- The RCMP replaced TradeOgre's homepage with a screenshot displaying `This site and its cryptoassets have been seized by the RCMP`, marking the first dismantling of a crypto exchange by Canadian law enforcement.
38 Articles
38 Articles
RCMP Say They’ve Seized $56 Million in ‘Largest Cryptocurrency Seizure’ in Canadian History
Quebec RCMP say a recent $56 million cryptocurrency seizure is the largest in Canadian history, and the first time law enforcement in the country have shut down a cryptocurrency exchange platform. Police allege that the platform, TradeOgre, was being used by criminal organizations to launder money. The RCMP’s money laundering investigative team started looking into the platform in June 2024, after it received a tip from Europol. “The investigati…
Most of the funds that transacted on TradeOgre would be of criminal origin, the investigators believe.
RCMP say $56-million cryptocurrency seizure is biggest in Canadian history
The RCMP say their seizure of $56 million worth of cryptocurrency from an online platform is the largest in Canadian history. The national police force says the exchange platform — TradeOgre — was used by criminal organizations to launder money. They say their operation to shut down the website is the first time a Canadian […]
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