{"id":15543,"date":"2025-09-19T16:33:41","date_gmt":"2025-09-19T16:33:41","guid":{"rendered":"https:\/\/www.cryptometer.io\/news\/?p=15543"},"modified":"2025-09-19T16:33:43","modified_gmt":"2025-09-19T16:33:43","slug":"canada-takes-down-tradeogre-as-rcmp-seizes-us40m-in-digital-assets","status":"publish","type":"post","link":"https:\/\/www.cryptometer.io\/news\/canada-takes-down-tradeogre-as-rcmp-seizes-us40m-in-digital-assets\/","title":{"rendered":"Canada Takes Down TradeOgre as RCMP Seizes US$40M in Digital Assets"},"content":{"rendered":"\n<p>Canada\u2019s federal police say they seized more than C$56 million (about US$40\u201341 million) in cryptocurrency and dismantled the TradeOgre exchange\u2014calling it the country\u2019s largest crypto seizure to date and the first time Canadian law enforcement has taken down a trading platform.&nbsp; &nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-how-the-investigation-began\">How the investigation began<\/h3>\n\n\n\n<p>RCMP\u2019s Money Laundering Investigative Team launched a year-long probe after a June 2024 tip from Europol. Investigators allege TradeOgre failed to register with Canada\u2019s financial intelligence unit, FINTRAC, and skipped basic know-your-customer checks. Authorities say those gaps allowed criminal groups to move funds through the platform.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-what-police-seized-and-the-site-s-status\">What police seized and the site\u2019s status<\/h3>\n\n\n\n<p>RCMP statements shared with reporters list seized assets that include Bitcoin, Ethereum, XRP, Litecoin, Tron, and Qubic. The TradeOgre website had been offline since late July 2025; coverage now links the outage to the takedown, and outlets report the site displays a seizure notice.&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Amount seized: C$56M (roughly US$40\u201341M)<\/li>\n\n\n\n<li>Alleged violations: unregistered money services business, missing KYC<\/li>\n\n\n\n<li>Noted coins: BTC, ETH, XRP, LTC, TRX, Qubic\u00a0<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-what-happens-next-and-the-community-s-reaction\">What happens next\u2014and the community\u2019s reaction<\/h3>\n\n\n\n<p>The RCMP says it is analyzing transaction data from the platform and that charges may follow as the investigation continues. Meanwhile, some users and privacy-coin advocates argue the takedown swept up legitimate balances from non-criminal users. Posts and commentary across the crypto community frame the move as heavy-handed, while police characterize it as a necessary strike against laundering.&nbsp;<\/p>\n\n\n\n<p>This action underscores that Canadian authorities will target platforms they say operate outside AML and registration rules. For exchanges serving Canadian users, the message is clear: verify identities, register with FINTRAC, and keep robust compliance or face enforcement.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Canada\u2019s federal police say they seized more than C$56 million (about US$40\u201341 million) in cryptocurrency and dismantled the TradeOgre exchange\u2014calling it the country\u2019s largest crypto seizure to date and the first time Canadian law enforcement has taken down a trading platform.&nbsp; &nbsp; How the investigation began RCMP\u2019s Money Laundering Investigative Team launched a year-long probe [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":15545,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2,43],"tags":[],"class_list":{"0":"post-15543","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-featured","8":"category-general-news"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Canada Takes Down TradeOgre as RCMP Seizes US$40M in Digital Assets<\/title>\n<meta name=\"description\" content=\"Canada\u2019s federal police say they seized more than C$56 million (about US$40\u201341 million) in cryptocurrency and dismantled the TradeOgre exchange\u2014calling it\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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