In a landmark enforcement action, Canadian authorities have seized $40 million in cryptocurrency from the TradeOgre exchange. This operation marks the largest crypto asset seizure in Canadian history and represents the first complete dismantling of a cryptocurrency trading platform by law enforcement in the country.
CANADIAN POLICE CONFIRM $40M CRYPTO SEIZURE
— Arkham (@arkham) September 18, 2025
The Royal Canadian Mounted Police has confirmed the seizure of $56M CAD (~$40M USD) of assets from TradeOgre, a centralized exchange.
This is the largest crypto asset seizure in Canadian history. As per the RCMP’s website, Arkham was… pic.twitter.com/YvkVPh8N7e
Year-Long Investigation Uncovers Non-Compliant Operations
The Royal Canadian Mounted Police (RCMP) launched their investigation in June 2024 after receiving a crucial tip from Europol. The RCMP’s Money Laundering Investigative Team worked alongside blockchain analytics firm Arkham Intelligence to trace illicit transactions through the exchange. This collaboration revealed that TradeOgre had completely bypassed mandatory registration requirements. Furthermore, the exchange failed to implement essential Know-Your-Customer (KYC) protocols required by Canadian regulations.
Exchange’s Downfall and Asset Seizure
The first signs of trouble emerged in July when TradeOgre’s website and social media presence suddenly went dark. Soon after, blockchain analysts noticed significant fund movements from exchange-linked wallets. These transfers included embedded messages declaring RCMP control of the assets. The operation culminated in the seizure of 56 million Canadian dollars worth of cryptocurrency. This seizure effectively ended TradeOgre’s operations and sent a clear message about regulatory enforcement in the crypto space.
Regulatory Implications and Future Outlook
This enforcement action demonstrates Canada’s commitment to maintaining strict oversight of cryptocurrency operations. The RCMP emphasized that platforms operating without proper registration pose significant risks to financial security. The successful dismantling of TradeOgre sets a precedent for future enforcement actions against non-compliant crypto exchanges. This case highlights the growing sophistication of law enforcement in tracking and seizing digital assets while reinforcing the importance of regulatory compliance in the crypto industry.
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