Canada’s Biggest Crypto Bust: RCMP Shuts Down TradeOgre, Seizes $40M in Digital Booty!
The RCMP made headlines by shutting down TradeOgre, seizing $40 million and setting a Canadian record for crypto asset seizure. This marks the first time a cryptocurrency exchange has been dismantled by Canadian authorities. TradeOgre was known for its niche, privacy-centric coins and minimalist trading features sans identity checks.
Hot Take:
Well, folks, it looks like the Mounties have traded in their horses for crypto wallets! In a plot twist worthy of a blockbuster heist movie, Canada’s RCMP has lassoed in a crypto exchange and snagged a whopping $40M in the country’s biggest digital dollar delight. Move over, maple syrup – there’s a new stickiness in town, and it’s called crypto crime busting!
Key Points:
- The Royal Canadian Mounted Police (RCMP) seized $40M worth of crypto assets from TradeOgre.
- This is the first time a cryptocurrency exchange has been shut down by Canadian law enforcement.
- TradeOgre was known for its lack of Know Your Customer (KYC) requirements.
- The Canadian Money Laundering Investigative Team (MLIT) initiated the probe in June 2024.
- It’s still unclear if the seized assets were strictly from illegal activities.
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