In a latest announcement, the Canadian Royal Mounted Police (RCMP) said that it had carried out the biggest cryptocurrency seizure in Canadian historical past. Notably, the RCMP seized digital belongings price 56 million CAD (40 million USD) from an unlicensed crypto change.
Canadian Police Seize Crypto Value $40 Million
Canada’s nationwide police – the RCMP – just lately shared particulars pertaining to the most important bust of an unlicensed crypto change within the nation’s historical past. The federal police company confiscated digital belongings price $40 million.
Notably, the belongings had been seized from a non-KYC crypto buying and selling platform, TradeOgre. The incident additionally marked the primary time ever {that a} digital asset buying and selling platform was dismantled by Canadian legislation enforcement.
Following a tip from Europol, the Cash Laundering Investigative Group (MLIT) opened the case in June 2024. Throughout their investigation, the company discovered that TradeOgre violated Canadian legal guidelines and laws about digital asset buying and selling platforms. The assertion reads:
Investigators have purpose to imagine that almost all of funds transacted on TradeOgre got here from felony sources. The principle attraction of one of these platform, which doesn’t require customers to establish themselves to make an account, is that it hides the supply of funds. It is a widespread tactic utilized by felony organizations that launder cash.
It’s price highlighting that TradeOgre’s web site now shows a banner from the RCMP, mentioning the seizure of crypto belongings from the platform. The official assertion provides that the transaction knowledge obtained from the platform is being analyzed, and expenses are more likely to comply with.
Digital Asset Seizures Round The World
The RCMP’s seizure of TradeOgre’s crypto belongings is simply the most recent growth within the world crypto seizure development. Attributable to crypto’s lack of normal world laws, nefarious parts are likely to make the most of the dearth of oversight on the brand new asset class.
In July 2025, the US Division of Justice (DOJ) shared particulars on certainly one of its largest-ever digital belongings seizures. On the time, the DOJ confiscated digital belongings price $225 million, related to an in depth community of “pig butchering” scams.
Equally, the US Drug Enforcement Administration (DEA) – in affiliation with the Federal Bureau of Investigation (FBI) – seized greater than $10 million price of cryptocurrencies whereas concentrating on the Sinaloa cartel’s operations in Miami, Florida.
In associated information, the UK Authorities just lately shared plans to promote confiscated BTC price $7 billion, in an try and finance part of the general public finances. Nevertheless, how a lot of it has already been bought stays to be seen.
Most just lately, US authorities seized USDT price $600,000 from an Iranian nationwide accused of supplying vital know-how to Iran’s regime. At press time, BTC trades at $115,919, down 1.3% prior to now 24 hours.
Featured picture from Unsplash.com, chart from TradingView.com
Editorial Course of for bitcoinist is centered on delivering completely researched, correct, and unbiased content material. We uphold strict sourcing requirements, and every web page undergoes diligent evaluation by our workforce of high know-how specialists and seasoned editors. This course of ensures the integrity, relevance, and worth of our content material for our readers.
In a latest announcement, the Canadian Royal Mounted Police (RCMP) said that it had carried out the biggest cryptocurrency seizure in Canadian historical past. Notably, the RCMP seized digital belongings price 56 million CAD (40 million USD) from an unlicensed crypto change.
Canadian Police Seize Crypto Value $40 Million
Canada’s nationwide police – the RCMP – just lately shared particulars pertaining to the most important bust of an unlicensed crypto change within the nation’s historical past. The federal police company confiscated digital belongings price $40 million.
Notably, the belongings had been seized from a non-KYC crypto buying and selling platform, TradeOgre. The incident additionally marked the primary time ever {that a} digital asset buying and selling platform was dismantled by Canadian legislation enforcement.
Following a tip from Europol, the Cash Laundering Investigative Group (MLIT) opened the case in June 2024. Throughout their investigation, the company discovered that TradeOgre violated Canadian legal guidelines and laws about digital asset buying and selling platforms. The assertion reads:
Investigators have purpose to imagine that almost all of funds transacted on TradeOgre got here from felony sources. The principle attraction of one of these platform, which doesn’t require customers to establish themselves to make an account, is that it hides the supply of funds. It is a widespread tactic utilized by felony organizations that launder cash.
It’s price highlighting that TradeOgre’s web site now shows a banner from the RCMP, mentioning the seizure of crypto belongings from the platform. The official assertion provides that the transaction knowledge obtained from the platform is being analyzed, and expenses are more likely to comply with.
Digital Asset Seizures Round The World
The RCMP’s seizure of TradeOgre’s crypto belongings is simply the most recent growth within the world crypto seizure development. Attributable to crypto’s lack of normal world laws, nefarious parts are likely to make the most of the dearth of oversight on the brand new asset class.
In July 2025, the US Division of Justice (DOJ) shared particulars on certainly one of its largest-ever digital belongings seizures. On the time, the DOJ confiscated digital belongings price $225 million, related to an in depth community of “pig butchering” scams.
Equally, the US Drug Enforcement Administration (DEA) – in affiliation with the Federal Bureau of Investigation (FBI) – seized greater than $10 million price of cryptocurrencies whereas concentrating on the Sinaloa cartel’s operations in Miami, Florida.
In associated information, the UK Authorities just lately shared plans to promote confiscated BTC price $7 billion, in an try and finance part of the general public finances. Nevertheless, how a lot of it has already been bought stays to be seen.
Most just lately, US authorities seized USDT price $600,000 from an Iranian nationwide accused of supplying vital know-how to Iran’s regime. At press time, BTC trades at $115,919, down 1.3% prior to now 24 hours.
Featured picture from Unsplash.com, chart from TradingView.com
Editorial Course of for bitcoinist is centered on delivering completely researched, correct, and unbiased content material. We uphold strict sourcing requirements, and every web page undergoes diligent evaluation by our workforce of high know-how specialists and seasoned editors. This course of ensures the integrity, relevance, and worth of our content material for our readers.
