RCMP Seizes $56M CAD in Crypto from TradeOgre Exchange

The Royal Canadian Mounted Police (RCMP) executed Canada's largest crypto seizure, recovering over $56 million CAD from TradeOgre.
This operation marks the first dismantling of a cryptocurrency exchange by Canadian authorities.
The seizure followed a year-long investigation by the Money Laundering Investigative Team (MLIT), initiated in June 2024 after a Europol alert.
TradeOgre allegedly failed to register with FINTRAC and did not verify client identities, breaching Canadian law.
RCMP claims most funds on the platform were illicit, offering anonymity to organized crime groups.
Transaction data is under analysis, and potential charges are pending as the investigation continues.