TradeOgre: Canadian police complete record $40 million seizure of crypto assets

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Centralized exchange, TradeOgre, had $40 million of its assets removed in the last few days, according to on-chain data. Now, a Canadian federal police body, the RCMP, have claimed ownership of the seizure in what is the largest ever crypto seizure in Canadian history. 

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?”

For months, customers had been speculating whether the radio silence from TradeOgre was an exit scam or an asset seizure. The Royal Canadian Mounted Police (RCMP) today confirmed they seized the assets in a press release on their website, ending the uncertainty.

The confirmation follows earlier messages encoded in Bitcoin transfers which indicated that Canadian police had claimed ownership of the funds.

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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.

Prior to the official announcement, some users had claimed that the situation was an elaborate exit scam manufactured by TradeOgre insiders, suggesting the encoded messages were a red herring. The RCMP's confirmation has now disproven these theories.

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