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3w ago

RCMP Shuts Down TradeOgre, Seizes C$56 Million in Canada’s Biggest Crypto Bust

Investigators are analyzing seized records for potential charges.

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canada
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.

Overview

  • Police called it the first time Canadian law enforcement has dismantled a cryptocurrency exchange platform.
  • The year-long probe by the RCMP’s Money Laundering Investigative Team began in June 2024 following a Europol tip.
  • Investigators say TradeOgre failed to register with FINTRAC as a money services business and allowed anonymous accounts without identity checks.
  • The RCMP believes most funds moving through the platform came from criminal sources, and the website now displays a seizure banner after months of user-reported outages.
  • Seized assets include bitcoin, ether, XRP, litecoin, tron and Qubic, with data under forensic review, no arrests named to date, and authorities appealing for public tips.