Canadian RCMP seizes over $56 million in cryptocurrency and shuts down TradeOgre platform
According to ChainCatcher, citing the official website of the RCMP, the Royal Canadian Mounted Police (RCMP) Federal Policing East executed the largest cryptocurrency seizure operation in the country's history, confiscating over $56 million, and for the first time shut down the cryptocurrency trading platform TradeOgre.
The investigation began in June 2024, originating from a Europol tip, which revealed that the platform was not registered as a financial services business with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), and did not conduct customer identification. Police believe that most of the platform's funds originated from criminal activities, and related transaction data will be further analyzed, with potential charges to follow.
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