๐จ RCMP Seizes $56 Million in Cryptocurrency – Largest in Canadian History ๐จ
Big news from Canada’s financial watchdogs: the RCMP have seized $56 million worth of cryptocurrency in what they’re calling the largest crypto seizure in Canadian history.
The money was taken from TradeOgre, a cryptocurrency exchange platform that the RCMP say:
- ❌ Was not registered with FinTRAC (Canada’s anti–money laundering regulator).
- ❌ Did not verify the identity of clients using the platform.
- ๐ธ Became a major hub for criminal money laundering.
This case began when Europol tipped off the RCMP in summer 2024. Investigators say much of the crypto moving through TradeOgre appears to come from criminal sources.
๐ฐ To put it simply: criminals were using this shady platform to clean dirty money, and Canadian authorities just dropped the hammer.
๐ Why This Matters
For years, cryptocurrency billionaires and shady platforms have gotten away with bending — or outright ignoring — financial laws. Meanwhile, everyday Canadians are:
- ๐ Struggling to pay rent.
- ๐ Watching housing prices explode due to speculation and laundered money.
- ๐ต Paying taxes honestly, while billionaires and organized crime groups hide funds in crypto wallets.
This seizure shows that authorities can act when they want to. But it also begs the question: why did it take this long?
๐ The Bigger Picture
- ๐จ๐ฆ This is the first time in Canadian history law enforcement has completely dismantled a crypto exchange.
- ๐ต️♂️ TradeOgre was especially popular with privacy-focused coins like Monero, which are harder to trace.
- ⚖️ Charges against those involved may still follow as the RCMP digs through transaction records.
๐ฅ My Take
It’s about time.
Canada has been bleeding money for years through real estate speculation, casinos, shell companies, and now crypto platforms. All while families, students, and seniors struggle with skyrocketing costs of living.
Enough is enough.
If we can seize $56 million from one shady crypto exchange, imagine how much more dirty money is still floating through this system.
This is not just about crypto. It’s about fairness. It’s about making sure billionaires, scammers, and criminals don’t get to play by different rules than the rest of us.
✨ What do you think? Should Canada push harder to regulate crypto platforms and seize dirty money — or is this just the tip of the iceberg?
๐ Source: Global News
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