Skip to Primary Navigation

Skip to main content

Canada seizes $56m in crypto from TradeOgre exchange

Image of a single bitcoin on top of a computer keyboard.
Photo: Peter Dazeley/Getty Images

Julie DiMauro

1 min read
 Click to share on Facebook (Opens in new window/tab) Click to share on Twitter (Opens in new window/tab) Click to share on LinkedIn (Opens in new window/tab) Click to share on WhatsApp (Opens in new window/tab)

The seizure underscores the risks of using unregulated exchanges and why KYC compliance is an essential component of managing such platforms.

The Royal Canadian Mounted Police (RCMP) recently seized more than $56m in cryptocurrency, marking the largest operation in Canadian history.

The money was recovered from the platform TradeOgre, marking the first time that a cryptocurrency exchange platform has been dismantled by Canadian law enforcement, the RCMP’s Eastern Region federal policing

, , , , , ,