CyberHappenings logo
☰
🏠 Home 📂 Browse ℹ️ About

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

TradeOgre cryptocurrency exchange dismantled by Canadian authorities

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. This action marks the first time a crypto exchange has been shut down by Canadian law enforcement and the largest asset seizure in the country's history. TradeOgre was known for its privacy-focused operations and lack of Know Your Customer (KYC) policies, which allowed users to remain anonymous. The investigation began in June 2024 following a tip from Europol, and the platform was taken offline in July, initially raising suspicions of an exit scam. The RCMP confirmed that the platform was operating illegally due to its failure to register with FINTRAC and its lack of client identification. The RCMP has not confirmed the specific types of criminal activities facilitated by TradeOgre but acknowledged that its anonymity features made it attractive for money laundering.

Timeline

  1. 20.09.2025 20:11 📰 1 articles · ⏱ 1d ago

    TradeOgre cryptocurrency exchange dismantled by Canadian authorities

    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 operations and lack of KYC policies, which allowed users to remain anonymous. The investigation began in June 2024 following a tip from Europol, and the platform was taken offline in July, initially raising suspicions of an exit scam. The RCMP confirmed that the platform was operating illegally due to its failure to register with FINTRAC and its lack of client identification. The RCMP has not confirmed the specific types of criminal activities facilitated by TradeOgre but acknowledged that its anonymity features made it attractive for money laundering.

    Show sources
    Open in new tab

Information Snippets