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6h ago

RCMP Dismantles TradeOgre, Seizes $56 Million in Canada’s Biggest Crypto Bust

The seizure follows a year-long RCMP probe into an unregistered platform that allowed anonymous accounts.

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In this image supplied by the RCMP, officers are seen working. The RCMP said their money-laundering team began an investigation last year after a tip from European authorities
A warning message posted on the cryptocurrency exchange platform TradeOgre reads: 'This site and its cryptoassests have been seized by the RCMP,' according to a screenshot shared by the RCMP on Sept. 18, 2025.
Canada’s national police seize tens of millions in crypto from exchange

Overview

  • Police called it the first dismantling of a cryptocurrency exchange by Canadian authorities.
  • The year-long RCMP Money Laundering Investigative Team probe began after a June 2024 Europol tip.
  • Investigators say TradeOgre failed to register with FINTRAC and did not verify customer identities.
  • Seized assets include Bitcoin, Ethereum, XRP, Litecoin, Tron, and Qubic, according to the RCMP.
  • Authorities said most funds moving through TradeOgre likely came from criminal sources, and they are analyzing records with charges possible.