You Won’t Believe How Canada Just Grabbed $40 Million in Crypto-No License, No Problem!

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So, here’s the scoop: The Canadian Royal Mounted Police-yeah, the Mounties with the fancy hats-just made what they’re calling the “biggest crypto seizure in Canadian history.” Big deal, right? They snagged digital assets worth 56 million Canadian dollars. That’s 40 million U.S. bucks from some no-name, unlicensed crypto exchange nobody heard of called TradeOgre. Because apparently, if you don’t check IDs, you’re basically running a shady underground casino. Who knew?

Canada’s Mounties Say “Hold My Maple Syrup,” Seize $40 Million in Crypto

Our favorite national police force-because nothing screams “serious” like men on horses-decided to bust the biggest unlicensed crypto exchange ever in Canada. And by bust, I mean they confiscated $40 million in digital assets. Not Monopoly money-real digital cash.

TradeOgre, the exchange in question, was like that friend who shows up to your party and refuses to answer who they are. No KYC, no questions asked, just buckets of shady money moving around like it’s casual Tuesday.

Turns out, Europol tipped off the RCMP’s Money Laundering Investigative Team (because apparently, even cops need help tracking invisible money), and they cracked the case open in June 2024. TradeOgre was breaking Canadian laws, which, honestly, is surprising since nobody reads those anyway.

“Investigators have reason to believe the majority of the funds on TradeOgre came from criminals. The whole point of no ID required is that it hides where the money’s coming from,” the official line goes. Translation: criminals love hiding, and this platform was their cozy little hideout.

Oh, and TradeOgre’s website now proudly displays a big RCMP banner saying “We got you!” It’s like a “Sorry, we’re closed” sign, but for shady crypto dealings. They’re digging through the transaction data now, probably saying, “This is where it all went downhill.” Charges likely to follow-as if this story wasn’t juicy enough.

Crypto Seizures: The World’s Favorite New Game of “Finders Keepers”

Canada’s little crypto haul isn’t exactly new on the global scene. The thing is, crypto’s like the wild west, just with fewer horses and more hackers.

In July 2025, the U.S. Department of Justice showed off its own crypto flex, snagging digital assets worth $225 million linked to “pig butchering” scams. (No, it’s not some barbecue festival-more like a scam that feeds on people’s wallets.)

Then you had the DEA and FBI teaming up to swipe over $10 million in cryptocurrency from the Sinaloa cartel right in Miami. Somewhere, a narco must be thinking, “I should’ve just stuck to regular old cash.”

Over in the UK, they’re playing their own version: selling off $7 billion in confiscated Bitcoin to “help the public budget.” Good luck explaining that to the guy with the missing pension.

Oh! And just recently, the U.S. nabbed $600,000 in USDT from an Iranian dude accused of feeding tech to the regime. Meanwhile, Bitcoin’s chillin’ at around $115,919, down just a little-because even Bitcoin gets a little grumpy sometimes.

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2025-09-20 08:29