# Canada Seizes $40M in Crypto from TradeOgre, Dismantles Platform Without Charges

*Author: Bankless*
*Published: Sep 19, 2025*
*Source: https://www.bankless.com/read/canada-seizes-40m-in-crypto-from-tradeogre-dismantles-platform-without-charges*

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In a sweeping move that raises serious questions about financial freedom and due process, the Royal Canadian Mounted Police (RCMP) announced Thursday that it has seized 56 million CAD (~$40 million) worth of crypto from TradeOgre, a privacy-focused exchange that operated without forcing users to reveal their identities.

### **What’s the Scoop?**
- **Record-setting crackdown:** The RCMP is calling it Canada’s largest-ever crypto seizure, proudly announcing the takedown of TradeOgre while offering no evidence of criminal wrongdoing by specific individuals. No charges have been filed.
- **Privacy = suspicion:** According to the RCMP, TradeOgre’s refusal to collect user identity information made it a haven for illicit funds. But [critics](https://x.com/W0wn3r0/status/1968747934243041684) argue that platforms supporting financial privacy are increasingly being treated as inherently criminal by Canadian authorities – regardless of actual proof.
- **Tip-off from Europol:** The investigation reportedly began in June 2024 after a tip from Europol. Authorities allege that TradeOgre was operating as an unlicensed money services business and failed to comply with Canada’s financial surveillance rules.
- **Site taken offline:** Visitors to TradeOgre’s website are now met with an RCMP banner declaring the platform and its assets seized—effectively shutting down the exchange without a trial.