RCMP Seizes $56M in Crypto From TradeOgre Exchange in Canada AML Case

This is the biggest crypto-seizure in Canadian history, as well as the first time that authorities dismantled a whole TradeOgre Exchange. The investigation, initiated in June 2024 following a tip by Europol, has revealed severe violations of Canadian financial laws and connections to extensive money laundering.

The Record-Breaking Seizure by Canada

RCMP Federal Policing in Eastern Canada confirmed the seizure on September 18, 2025, calling it a record-breaking crackdown on illicit digital finance. Investigators specializing in financial crime, cybercrime, and cryptocurrency tracking collaborated to recover more than CAD 56 million from the platform.

A clear warning message now greets anyone visiting the TradeOgre website: “This site and its cryptoassets have been seized by the RCMP.”

This public notice not only confirms the seizure but also serves as a warning to other unregulated platforms operating under the radar.

Source: Wu Blockchain X

How the Investigation Started?

The case began in June 2024, when Europol tipped Canadian investigators about suspicious activity on TradeOgre. The exchange had been facilitating crypto transactions without following Canadian compliance standards.

The file was opened by the Money Laundering Investigative Team (MLIT), and shortly after, they found that there were several violations, such as:

• Inability to be registered by FINTRAC (Financial Transactions and Reports Analysis Centre of Canada).

• No user authentication, which enables free accounts.

• All these loopholes ensured that the platform was an easy place where criminals could launder money, covering the sources of illegal finance.

Why TradeOgre Exchange Was Targeted?

Researchers found out that a major part of the transaction volume of TradeOgre was linked to criminal activities. The platform did not need the identification of customers, which enabled the illegal money to be laundered through crypto trades, which is a typical laundering technique.

The case points to one of the biggest dangers of the crypto industry: unregulated exchanges create shadow financial networks, which are beyond the control of governments and regulators.

Ongoing Investigation and Possible Charges

Even after the funds have been confiscated, the case is not yet closed. RCMP confirmed that the transaction data of TradeOgre is under analysis, and charges may be pursued after the evidence is completely examined.

Sharing intelligence is becoming the norm among law enforcement agencies across the world as criminal groups tend to transfer funds across countries in order to avoid detection. This seizure shows that international cooperation is central to the issue of addressing financial crime in the crypto age.

A First for Canada

This is not only the largest crypto seizure in the history of Canada but also the first time the authorities have been able to close down a cryptocurrency exchange altogether. It creates a good precedent on how Canada intends to handle illegal crypto exchanges that threaten its financial system.

This is also seen as a wake-up call by the authorities to other exchanges that are not registered and compliant. The relocation indicates that Canada is keen on ensuring that its financial sector is not misused by criminals.

Conclusion

This CAD 56 million confiscation of TradeOgre is a milestone on the way to combating money laundering cases in Canada, which is enabled by cryptocurrencies. This case is already a historic win for Canadian law enforcement, even though the investigation is ongoing.