Canada’s national police service announced Thursday that it has seized 56 million Canadian dollars ($40 million) worth of crypto assets from local crypto exchange TradeOgre.
This is the largest cryptocurrency seizure in the country’s history, according to the official statement from the Royal Canadian Mounted Police (RCMP). The Canadian police have also dismantled the exchange.
The country’s Money Laundering Investigative Team launched a probe on the exchange in June 2024 following a tip from Europol, the statement said. The team discovered that TradeOgre was running an unregistered operation as a money services business and failed to identify its clients.
“Investigators have reason to believe that the majority of funds transacted on TradeOgre came from criminal sources,” the statement said. “The main attraction of this type of platform, which doesn’t require users to identify themselves to make an account, is that it hides the source of funds.”
The Canadian police haven’t pressed charges yet on anyone associated with the trading platform, stating that the investigation is still ongoing.
TradeOgre’s official website currently displays a banner from the RCMP that says — “This site and its cryptoassets have been seized by the RCMP.” The exchange was last active on the social media platform X on May 28, 2025.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
