RCMP Crypto Seizure 2025: Canada’s Biggest Crackdown On Digital Assets

The year 2025 thus became a watershed moment in crypto regulation in Canada. The Royal Canadian Mounted Police (RCMP) carried out the first-ever seizure of digital assets worth more than C$56 million. This resulted in the shutdown of the TradeOgre exchange, which for years had been operating without registration. This 2025 RCMP crypto seizure thus puts into focus the greater regulatory stranglehold being placed on crypto operators in Canada.TradeOgre was targeted after being found to have never registered as a money services business with FINTRAC. Canadian law requires all exchanges to comply with stringent financial compliance requirements. TradeOgre is alleged to have not carried out customer identity checks, opening the door to money laundering and other illegal financial activities.The RCMP’s Money Laundering Investigative Team (MLIT) took the lead after Europol alerted it in June 2024. During the investigations, they found out there were huge flows of transactions through Bitcoin, XRP, Ethereum, Litecoin, and Tron. Disregarding those safeguards, millions went through the exchange unchecked.More than just placing a regulatory warning on it, this Canadian crypto exchange closure was a direct attack on platforms that plainly ignored Canadian financial laws.The investigation, carried out over a number of months, placed international cooperation at its centre. Europol first alerted the Canadian police about TradeOgre’s suspicious activities, after which the RCMP initiated a domestic inquiry under the supervision of MLIT.

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