In brief
- Crypto exchange TradeOgre stopped working months ago.
- Canadian police said they shut down the exchange and seized $56 million CAD ($40.5 million USD) in crypto from the platform.
- The Royal Canadian Mounted Police said it was the country’s biggest crypto seizure.
Canadian police have confiscated $56 million CAD ($40.5 million USD) in digital assets after shuttering an exchange in the country’s largest crypto seizure yet, according to a statement by the Royal Canadian Mounted Police (RCMP) on Thursday.
The RCMP said that they took down the crypto exchange TradeOgre after a tip from European authorities, and that the platform failed to comply with money laundering regulations.
TradeOgre’s website no longer works, instead showing a message that it has been seized by Canadian police.
RCMP told Decrypt that it had seized Bitcoin, Ethereum, XRP<
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Author: Mathew Di Salvo
