In a latest announcement, the Canadian Royal Mounted Police (RCMP) said that it had carried out the most important cryptocurrency seizure in Canadian historical past. Notably, the RCMP seized digital property value 56 million CAD (40 million USD) from an unlicensed crypto trade.
Canadian Police Seize Crypto Price $40 Million
Canada’s nationwide police – the RCMP – not too long ago shared particulars pertaining to the largest bust of an unlicensed crypto trade within the nation’s historical past. The federal police company confiscated digital property value $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 legislation enforcement.
Following a tip from Europol, the Cash Laundering Investigative Crew (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 prison sources. The primary attraction of such a platform, which doesn’t require customers to establish themselves to make an account, is that it hides the supply of funds. This can be a widespread tactic utilized by prison organizations that launder cash.
It’s value 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 knowledge obtained from the platform is being analyzed, and fees are more likely to comply with.
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 pattern. Attributable to crypto’s lack of ordinary international rules, nefarious parts are likely to reap the benefits of the shortage of oversight on the brand new asset class.
In July 2025, the US Division of Justice (DOJ) shared particulars on one among its largest-ever digital property seizures. On the time, the DOJ confiscated digital property value $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 value of cryptocurrencies whereas focusing on the Sinaloa cartel’s operations in Miami, Florida.
In associated information, the UK Authorities not too long ago shared plans to promote confiscated BTC value $7 billion, in an try to finance part of the general public funds. Nonetheless, how a lot of it has already been offered stays to be seen.
Most not too long ago, US authorities seized USDT value $600,000 from an Iranian nationwide accused of supplying crucial expertise 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
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 staff of high expertise consultants and seasoned editors. This course of ensures the integrity, relevance, and worth of our content material for our readers.
