[Royal Canadian Mounted Police Seize Over $56 Million in Cryptocurrency and Shut Down TradeOgre Platform]
The Royal Canadian Mounted Police (RCMP) Federal Policing East District has announced the completion of the largest cryptocurrency seizure operation in the country's history, involving over $56 million, and for the first time, the shutdown of the cryptocurrency trading platform TradeOgre. The operation began in June 2024, following a lead provided by Europol. Investigations revealed that TradeOgre was not registered as a financial services business with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) and failed to fulfill customer identification obligations. Preliminary findings by the police indicate that the majority of the platform's funds are linked to criminal activities. Currently, related transaction data is under further analysis, and charges may be brought against the parties involved in the future.
