RCMP took $ 56m CAD to Crypto, dropping Tradeogre to Canada’s largest digital asset bust
The Royal Canadian Mounted Police (RCMP) The country’s biggest cryptocurrency seizure has been fulfilled to date, recovering more than $ 56 million CAD in crypto from the exchange tradeogre.
The move not only marks a record seizure but also for the first time that Canadian police authorities have dismissed a cryptocurrency trading platform, the RCMP said in a press release.
According to the Authority’s Eastern Region division, the seizure followed a year’s investigator team investigator laundering (Mlit). The case began in June 2024 after a tip from Europol entered, flagging allegedly failing to comply with the Canadian law platform.
Investigators have found that Tradeogre has failed to register with financial transactions and canadian center review reports (Fintoc) As a monetary service business and neglected to verify the identities of its clients, authorities claimed.
The RCMP says that most of the funds passing through the tradeogre are derived from illicit resources. By offering an unidentified account creation, the platform provided an easy gateway for organized crime groups seeking to hide the source of their money, they claim.
“Transaction data obtained from the platform will be reviewed and the charges may be followed. The investigation continues,” the RCMP wrote in their press release.
