In a latest announcement, the Canadian Royal Mounted Police (RCMP) acknowledged that it had carried out the biggest cryptocurrency seizure in Canadian historical past. Notably, the RCMP seized digital property price 56 million CAD (40 million USD) from an unlicensed crypto change.
Canadian Police Seize Crypto Price $40 Million
Canada’s nationwide police – the RCMP – just lately shared particulars pertaining to the largest bust of an unlicensed crypto change within the nation’s historical past. The federal police company confiscated digital property price $40 million.
Notably, the property have 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 regulation enforcement.
Following a tip from Europol, the Cash Laundering Investigative Staff (MLIT) opened the case in June 2024. Throughout their investigation, the company discovered that TradeOgre violated Canadian legal guidelines and rules about digital asset buying and selling platforms. The assertion reads:
Investigators have motive to consider that almost all of funds transacted on TradeOgre got here from felony sources. The principle attraction of such a platform, which doesn’t require customers to determine themselves to make an account, is that it hides the supply of funds. It is a frequent 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 property from the platform. The official assertion provides that the transaction information obtained from the platform is being analyzed, and expenses are more likely to observe.
Digital Asset Seizures Round The World
The RCMP’s seizure of TradeOgre’s crypto property is simply the newest growth within the international crypto seizure development. As a consequence of crypto’s lack of ordinary international rules, nefarious components are likely to benefit from the shortage of oversight on the brand new asset class.
In July 2025, the US Division of Justice (DOJ) shared particulars on one in every of its largest-ever digital property seizures. On the time, the DOJ confiscated digital property price $225 million, related to an intensive 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 to finance part of the general public funds. 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% up to now 24 hours.
Featured picture from Unsplash.com, chart from TradingView.com
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