The Royal Canadian Mounted Police announced it had dismantled the TradeOgre cryptocurrency exchange and seized more than CAD 56 million in cryptoassets, citing the platform’s failure to register with the Financial Transactions and Reports Analysis Centre of Canada as a money services business and to identify its clients. The Money Laundering Investigative Team opened the case in June 2024 following a tip from Europol and concluded the platform contravened Canadian laws and regulations. Investigators believe most funds transacted on TradeOgre originated from criminal sources, with its anonymity features used to conceal the source of funds. Transaction data obtained from the platform will be analysed and charges may follow as the investigation continues.
Financial Transactions and Reports Analysis Centre of Canada 2025-09-18
Financial Transactions and Reports Analysis Centre of Canada registration breach cited as RCMP seizes over CAD 56 million in crypto from TradeOgre
The Royal Canadian Mounted Police dismantled the TradeOgre cryptocurrency exchange, seizing over CAD 56 million in cryptoassets for failing to register with the Financial Transactions and Reports Analysis Centre of Canada and identify clients. Initiated by a Europol tip, the investigation revealed the platform's use of anonymity features to conceal criminally sourced funds. Transaction data will be analyzed for potential charges as the investigation proceeds.