Canadian authorities confiscate 56 million CAD in cryptocurrency and shut down the TradeOgre platform

The Royal Canadian Mounted Police (RCMP) has carried out its largest cryptocurrency seizure in Canada, confiscating assets worth over 56 million CAD from TradeOgre.

The investigation, prompted by a Europol tip-off in June 2024, revealed TradeOgre’s lack of registration and identity verification for users, prompting concerns about illicit fund activities.

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