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

Investigators, prompted by a Europol tip, are now mining the exchange’s records for potential charges.

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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

Overview

  • Police say this is the first time Canadian authorities have taken down a crypto exchange, with Quebec-based servers seized and the site replaced by an RCMP seizure notice.
  • Investigators allege TradeOgre operated without FINTRAC registration and KYC, attracted illicit flows, and handled assets including Bitcoin, Ethereum, XRP, Litecoin, Tron, and Qubic.
  • The platform went dark over the summer, and the RCMP confirmed it shut the website in late July as part of the operation, with on‑chain messages signaling police control of funds.
  • No arrests have been announced as investigators analyze transaction data, and the RCMP says charges may follow while encouraging tips from the public.
  • The RCMP acknowledged not all seized crypto can be confirmed illicit at this stage and said lawful users could seek recourse through the courts if forfeiture is pursued, a point critics have raised publicly.