Mars Finance reports that the Royal Canadian Mounted Police (RCMP) Eastern Region of the federal policing division conducted the largest cryptocurrency seizure in Canadian history, seizing over $56 million and shutting down the cryptocurrency trading platform TradeOgre for the first time, according to the RCMP's official website. The investigation, which began in June 2024 following a tip from Europol, revealed that the platform was not registered as a financial services business with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) and failed to identify its customers. Police believe that the majority of the platform's funds were sourced from criminal activity. Further analysis of relevant transaction data is underway, and charges may be filed at a later date.
Canadian RCMP seize over $56 million in cryptocurrency and shut down TradeOgre platform
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