Canadian police seized cryptocurrency worth 56 million Canadian dollars and shut down TradeOgre platform

According to ChainCatcher, according to CoinDesk, the Royal Canadian Mounted Police (RCMP) carried out the country's largest cryptocurrency seizure operation to date, recovering more than 56 million Canadian dollars of cryptocurrency from TradeOgre exchange, setting a record of seizure amount. It is also the first time that Canadian police have successfully destroyed a cryptocurrency trading platform. The operation was the result of a year-long investigation by the Money Laundering Investigation Team, which was caused by clues provided by Europol in June 2024, saying the platform was suspected of being illegal. Police found that TradeOgre was not registered with the Canadian Financial Transactions and Reporting Analysis Center and did not verify the identity of the client. The RCMP accused that most of the funds flowing through the platform came from illegal channels, and that it allowed anonymous account opening to facilitate criminal groups to cover up the source of funds. The transaction data is currently being analyzed, and the investigation is still underway, and subsequent allegations may be filed.