Canada Police Shuts Down TradeOgre After $56M Crypto Theft

Montréal, Quebec, 18 September 2025 – in an unprecedented operation, the Royal Canadian Mounted Police (RCMP) Federal Policing – Eastern Region has executed the largest cryptocurrency seizure in Canadian history, recovering over 56 million dollars from the now-defunct TradeOgre exchange platform, according to the Royal Canadian Mounted Police (RCMP) Federal Policing – Eastern Region.

This marks the first time Canadian law enforcement has dismantled an entire cryptocurrency trading venue, sending a clear message to illicit actors exploiting unregulated digital asset services. On the morning of 18 September, RCMP officers executed court-authorized search and seizure warrants at multiple data centers and servers linked to TradeOgre, with a warning message posted on the platform’s website declaring the site and its cryptoassets had been seized.

Investigators estimate more than 56 million dollars in various cryptocurrencies—including Bitcoin, Ethereum and several privacy coins—were frozen during the operation. Investigators allege that the platform facilitated money laundering by failing to register with FINTRAC, in contravention of Canada’s Money Laundering and Terrorist Financing Prevention Act, potentially exposing operators and users to criminal charges.