RCMP Seizes $56M in Crypto from TradeOgre in Landmark Enforcement Action

Canadian authorities have executed the nation's largest cryptocurrency seizure, confiscating over C$56 million (US$40 million) from the unregistered TradeOgre exchange. The Royal Canadian Mounted Police (RCMP) completely dismantled the platform following a year-long investigation initiated through Europol intelligence.

Forensic tracking by Arkham Intelligence revealed TradeOgre's systematic avoidance of financial regulations. The exchange operated without registering with Fintrac as a money services business and deliberately bypassed Know-Your-Customer protocols, making it a haven for illicit transactions.

The enforcement action became visible in July when the exchange's digital presence abruptly vanished. Users discovered seized wallets bearing RCMP notices instead of their anticipated crypto balances. "Platforms exploiting anonymity create ideal conditions for money laundering," investigators noted, underscoring the operation's significance in combating financial crime.