CyberHappenings logo
☰
Home Browse About

Track cybersecurity events as they unfold. Sourced timelines, daily updates. Fast, privacy‑respecting. No ads, no tracking.

Canadian authorities dismantle TradeOgre cryptocurrency exchange, seize $40 million in crypto

First reported
Last updated
1 unique sources, 1 articles

Summary

Hide ▲

The Royal Canadian Mounted Police (RCMP) has shut down the TradeOgre cryptocurrency exchange and seized over $40 million in cryptocurrency believed to be linked to criminal activities. TradeOgre, known for its privacy-focused approach and lack of Know Your Customer (KYC) policies, was operating illegally without registering with FINTRAC. The investigation began in June 2024 following a tip from Europol. The platform was suspected of facilitating money laundering due to its anonymity and support for Monero. The seizure represents the largest asset seizure in Canadian history. Some users, including MetaMask’s Taylor Monahan, claim they were not involved in criminal activities and are seeking recourse.

Timeline

  1. 20.09.2025 20:11 1 articles · 9d ago

    RCMP seizes $40 million in crypto from TradeOgre exchange

    The Royal Canadian Mounted Police (RCMP) has shut down the TradeOgre cryptocurrency exchange and seized over $40 million in cryptocurrency believed to be linked to criminal activities. The exchange was known for its privacy-focused approach and lack of KYC policies, operating illegally without registering with FINTRAC. The investigation began in June 2024 following a tip from Europol. The platform went offline in late July, raising suspicions of an exit scam. The RCMP confirmed the shutdown as part of their investigation. Some users claim they were not involved in criminal activities and are seeking recourse.

    Show sources
    Open in new tab

Information Snippets

Similar Happenings

Crypto fraud ring dismantled by European authorities

A joint operation by European law enforcement agencies has dismantled a cryptocurrency investment fraud ring that defrauded over 100 victims of €100 million ($118 million). The operation, coordinated by Eurojust and supported by Europol, involved authorities from Spain, Portugal, Bulgaria, Italy, Lithuania, and Romania. The ring operated since at least 2018, targeting investors across 23 countries, including France, Germany, Italy, and Spain. The fraudsters used professionally designed online platforms to promise high returns on cryptocurrency investments. Funds were funneled into bank accounts in Lithuania, and victims were charged additional fees to recover their assets. The fraudulent websites eventually went offline, leaving investors with significant losses. Five suspects were arrested, and bank accounts and financial assets were frozen during the operation. The main perpetrator has been accused of large-scale fraud and money laundering.

Open in new tab