TradeOgre: $30 million of assets have been removed from the exchange

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Centralized exchange, TradeOgre, has had $30 million of its assets removed in the last few days, according to on-chain data.

TradeOgre’s X account has been inactive since May 2025 and the website has been down since 30th July. 

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One reddit user posted this two months ago: 

“Guys, what the hell is happening at TradeOgre? They’ve been radio silent and offline for like 24 hours now, I had around 25k USDT in order deposited on the platform, is it an exit scam? what's the latest news?”

Customers had been speculating whether the radio silence from TradeOgre was an exit scam or if their assets had been seized. Recent transfers claim TradeOgre’s assets may have been seized by Canadian police. 

Messages encoded in the Bitcoin transfers indicate that the Canadian police have claimed ownership of the seized assets. However, the Royal Canadian Mounted Police (RCMP) have, as of now, not issued a public statement or officially announced the seizure of the assets from the exchange.

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TradeOgre is a centralized cryptocurrency exchange that has carved out a niche for itself by focusing on lesser-known altcoins and privacy-centric digital assets. 

Known for its minimalist interface the platform appealed to a specific subset of cryptocurrency traders who prioritize anonymity and access to emerging or obscure projects.

Although messaging encoded in the Bitcoin transfers claims to be from the RCMP, some users claim that this is an exit scam manufactured by TradeOgre insiders and the encoded messages are a red herring. 

You can track the TradeOgre entity, along with connected wallets and transactions, on the Arkham Intel platform.