{"id":1820,"date":"2025-09-18T18:06:14","date_gmt":"2025-09-18T18:06:14","guid":{"rendered":"https:\/\/www.worldpumpnews.com\/?p=1820"},"modified":"2025-09-18T18:06:14","modified_gmt":"2025-09-18T18:06:14","slug":"rcmp-claim-record-cryptocurrency-seizure-of-56m-in-money-laundering-probe","status":"publish","type":"post","link":"https:\/\/www.worldpumpnews.com\/?p=1820","title":{"rendered":"RCMP claim record cryptocurrency seizure of $56M in money laundering probe"},"content":{"rendered":"<p><\/p>\n<div id=\"\">\n<p>The RCMP on Thursday said it seized more than $56 million from a cryptocurrency exchange platform authorities accuse of facilitating money laundering, calling it the largest crypto seizure in Canadian history.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/d21y75miwcfqoq.cloudfront.net\/70c8fc80\" alt=\"\" style=\"position:absolute;width:1px;height:1px\" referrerpolicy=\"no-referrer-when-downgrade\"\/><\/p>\n<p>\u201cThis also marks the first time that a cryptocurrency exchange platform has been dismantled by Canadian law enforcement,\u201d the RCMP\u2019s Eastern Region federal policing division, based in Montreal, said in a statement.<\/p>\n<p>The Canadian investigation into TradeOgre began in June 2024, following a tip from the European Union\u2019s policing agency Europol to the RCMP\u2019s money laundering division.<\/p>\n<p>According to the RCMP, investigators found TradeOgre violated Canadian laws and regulations by not registering with Fintrac as a money services business and did not identify its clients.<\/p>\n<p>\u201cInvestigators have reason to believe that the majority of funds transacted on TradeOgre came from criminal sources,\u201d the RCMP statement said.<\/p>\n<div class=\"c-ad c-ad--bigbox l-article__ad\">\n<p>Story continues below advertisement<\/p>\n<\/p><\/div>\n<p>\u201cThe main attraction of this type of platform, which doesn\u2019t require users to identify themselves to make an account, is that it hides the source of funds. This is a common tactic used by criminal organizations that launder money.\u201d<\/p>\n<div class=\"c-inlineSignup\" data-newsletter-inline=\"\">\n<div class=\"c-inlineSignup__image\">\n\t\t\t\t\t<img decoding=\"async\" width=\"170\" height=\"225\" loading=\"lazy\" src=\"https:\/\/globalnews.ca\/wp-content\/themes\/shaw-globalnews\/images\/skyline\/money123.jpg\" alt=\"Get expert insights, Q&amp;A on markets, housing, inflation, and personal finance information delivered to you every Saturday.\"\/>\n\t\t\t\t<\/div>\n<div class=\"c-inlineSignup__content\">\n<h2 class=\"c-inlineSignup__title\">Get weekly money news<\/h2>\n<p>Get expert insights, Q&amp;A on markets, housing, inflation, and personal finance information delivered to you every Saturday.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<p>Police added \u201ccharges may follow\u201d after the transaction data obtained from the platform is analyzed.<\/p>\n<div class=\"l-article__part\" data-shortcode=\"tp_video\">\n<div class=\"c-video c-videoPlay \" data-iframe-receiver=\"\" data-autoplay=\"\" data-displayinline-featured=\"false\" data-displayinline-type=\"video\" data-displayinline-player-id=\"miniplayer_11107884_68cc4522273ab\" data-displayinline-video-id=\"11107884\" data-displayinline-ratio=\"16:9\" data-displayinline=\"https:\/\/globalnews.ca\/video\/embed\/11107884\/#autoplay&amp;stickyiframe=miniplayer_11107884_68cc4522273ab\" data-displayinline-sticky=\"true\">\n<div class=\"c-video__inner \">\n\t\t\t\t\t<span class=\"c-video__placeholder\"><br \/>\n\t\t\t\t\t\t<img class=\"c-video__image\" alt=\"Click to play video: 'Consumer Matters: Tips to avoid crypto currency investment fraud'\" width=\"640\" height=\"360\" data-src=\"https:\/\/i1.wp.com\/media.globalnews.ca\/videostatic\/news\/lh84rilu3r-sm4qe7mj6w\/CM.png?w=1040&amp;quality=70&amp;strip=all\" loading=\"lazy\" srcset=\"\" sizes=\"auto, \" data-srcset=\"https:\/\/i1.wp.com\/media.globalnews.ca\/videostatic\/news\/lh84rilu3r-sm4qe7mj6w\/CM.png?w=450#038;quality=70&amp;strip=all 450w,https:\/\/i1.wp.com\/media.globalnews.ca\/videostatic\/news\/lh84rilu3r-sm4qe7mj6w\/CM.png?w=720#038;quality=70&amp;strip=all 720w,https:\/\/i1.wp.com\/media.globalnews.ca\/videostatic\/news\/lh84rilu3r-sm4qe7mj6w\/CM.png?w=1040#038;quality=70&amp;strip=all 1040w,\" data-sizes=\"(min-width: 1040px) 1040px,(min-width: 720px) 720px,450px\"\/><br \/>\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"c-video__overlay\"><\/p>\n<p>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<time class=\"c-video__duration\">3:00<\/time><br \/>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"c-video__title\">Consumer Matters: Tips to avoid crypto currency investment fraud<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n<p>\t\t\t\t\t\t<\/span><br \/>\n\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<section id=\"content-dynamic-trending-stories\" class=\"l-inlineStories l-inlineStories--tile u-hide-tablet-landscape\" aria-label=\"Dynamic trending stories section\">\n<p>\n\t\t<span class=\"l-inlineStories__title c-heading c-heading--strikethrough\">Trending Now<\/span>\n\t<\/p>\n<ul class=\"l-inlineStories__posts c-posts c-posts--inline \">\n<li class=\"c-posts__item\">\n<div class=\"c-posts__media \">\n\t\t\t\t\t\t<img class=\"c-posts__thumbnail\" data-src=\"https:\/\/globalnews.ca\/wp-content\/uploads\/2025\/09\/d4vd-tesla-body.jpg?quality=65&amp;strip=all&amp;w=336&amp;h=224&amp;crop=1\" loading=\"lazy\" width=\"336\" height=\"224\" alt=\"\"\/>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n<div class=\"c-posts__details\">\n<p>\n\t\t\t\t\t<span class=\"c-posts__headlineText\" title=\"Decomposed body found in singer D4vd\u2019s impounded Tesla IDed as missing teen\" data-title=\"\">Decomposed body found in singer D4vd\u2019s impounded Tesla IDed as missing teen<\/span>\n\t\t\t<\/p>\n<\/p><\/div>\n<\/li>\n<li class=\"c-posts__item\">\n<div class=\"c-posts__media \">\n\t\t\t\t\t\t<img class=\"c-posts__thumbnail\" data-src=\"https:\/\/globalnews.ca\/wp-content\/uploads\/2025\/06\/b7a244ddeaed3e13b616fd4fe5ec502e7707dce15e34c546867c6a8d0a0de0e7.jpg?quality=65&amp;strip=all&amp;w=336&amp;h=224&amp;crop=1\" loading=\"lazy\" width=\"336\" height=\"224\" alt=\"\"\/>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n<div class=\"c-posts__details\">\n<p>\n\t\t\t\t\t<span class=\"c-posts__headlineText\" title=\"Bank of Canada delivers 1st interest rate cut since March\" data-title=\"\">Bank of Canada delivers 1st interest rate cut since March<\/span>\n\t\t\t<\/p>\n<\/p><\/div>\n<\/li>\n<\/ul>\n<\/section>\n<p>Messages seeking comment from TradeOgre were not responded to Thursday.<\/p>\n<p>Concerns about TradeOgre going \u201cradio silent\u201d and offline began circulating on Reddit in late July, with asset holders complaining they could no longer access funds or get in contact with the platform.<\/p>\n<p>Around that time, according to the cryptocurrency analysis publication The Rage, all funds from TradeOgre were transferred to \u201can address allegedly controlled by the Canadian government.\u201d The transaction included the message \u201cCrypto assets controlled by the RCMP,\u201d the post said.<\/p>\n<div class=\"c-ad c-ad--bigbox l-article__ad\">\n<p>Story continues below advertisement<\/p>\n<\/p><\/div>\n<p>TradeOgre appears to have been popular with users of Monero, a blockchain-based cryptocurrency that advertises itself as \u201csecure, private, untraceable.\u201d<\/p>\n<p>According to an analysis by BitDegree, TradeOgre was launched in 2018 with headquarters based in California.<\/p>\n<p>Although it could not share current data on the platform due to \u201cexchange inactivity,\u201d the analysis said it had a trading volume of over US$1.9 billion in the last seven days.<\/p>\n<p>It saw zero dollars of trading in the last 24 hours.<\/p>\n<div class=\"c-tabs\">\n<p>\n\t\t\t<button role=\"tab\" class=\"c-tabs__tab c-tabs__tab--active\" type=\"button\">More on Crime<\/button><br \/>\n\t\t\t<button role=\"tab\" class=\"c-tabs__tab\" type=\"button\">More videos<\/button>\n\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<div>\n<p>\n\t\t&amp;copy 2025 Global News, a division of Corus Entertainment Inc.\t<\/p>\n<\/div>\n<p><script defer src=\"https:\/\/connect.facebook.net\/en_US\/sdk.js#xfbml=1&#038;appId=318812448281278&#038;version=v3.3\"><\/script><br \/>\n<br \/>#RCMP #claim #record #cryptocurrency #seizure #56M #money #laundering #probe<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The RCMP on Thursday said it seized more than $56 million from a cryptocurrency exchange platform authorities accuse of facilitating money laundering, calling it the largest crypto seizure in Canadian history. \u201cThis also marks the first time that a cryptocurrency exchange platform has been dismantled by Canadian law enforcement,\u201d the RCMP\u2019s Eastern Region federal policing [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1821,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[978,60,976,975,282,468,17,972,979,973,284,977,974],"class_list":{"0":"post-1820","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-politics","8":"tag-56m","9":"tag-canada","10":"tag-claim","11":"tag-crime","12":"tag-cryptocurrency","13":"tag-laundering","14":"tag-money","15":"tag-money-laundering","16":"tag-probe","17":"tag-rcmp","18":"tag-record","19":"tag-seizure","20":"tag-tradeogre"},"_links":{"self":[{"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1820","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1820"}],"version-history":[{"count":0,"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1820\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=\/wp\/v2\/media\/1821"}],"wp:attachment":[{"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1820"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1820"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.worldpumpnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1820"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}