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Canada Seizes $56M in Bitcoin, XRP and Other Crypto as It Shutters Exchange TradeOgre
Canada Seizes $56M in Bitcoin, XRP and Other Crypto as It Shutters Exchange TradeOgre
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Regulators just pulled off one of the biggest crypto seizures in Canadian history—$56 million in digital assets frozen as TradeOgre gets shut down.
The Takedown
Authorities moved swiftly against the exchange, grabbing Bitcoin, XRP and a basket of other cryptocurrencies. The move signals regulators aren't playing nice with platforms operating in gray zones.
Zero Warning
No grace period, no negotiation—just asset freezes and operational shutdowns. Shows how quickly the landscape shifts when compliance gets ignored.
Market Impact?
While $56 million is a drop in crypto's ocean, it's another reminder: the wild west days are fading fast. Traditional finance might be slow, but it's got claws—and it's not afraid to use them.
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