News release

RCMP executes record seizure of more than 56 million dollars in cryptocurrency

September 18, 2025 - Montréal, Quebec
From: Federal Policing Eastern Region

Content

RCMP Federal Policing – Eastern Region has carried out the largest cryptocurrency seizure in Canadian history. Thanks to the work of investigators specialized in financial crime, cybercrime and cryptocurrencies, an estimated sum of over 56 million dollars was recovered from the platform TradeOgre. This also marks the first time that a cryptocurrency exchange platform has been dismantled by Canadian law enforcement.

The Money Laundering Investigative Team (MLIT) opened the file in June 2024, following a tip from Europol. The investigation found that the platform contravened Canadian laws and regulations. Specifically, it failed to register with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) as a money services business and did not identify its clients.

Investigators have reason to believe that the majority of funds transacted on TradeOgre came from criminal sources. The main attraction of this type of platform, which doesn’t 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.

The transaction data obtained from the platform will be analyzed and charges may follow. The investigation is ongoing.

Appeal to the public

Do you have information on the illegal activities of individuals or groups of individuals? Contact the RCMP at 514-939-8300/1-800-771-5401 or your local police department.

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