The RCMP on Thursday said it seized more than $56 million from a cryptocurrency exchange platform authorities accuse of facilitating money laundering , calling it the largest crypto seizure in Canadian history.

“This also marks the first time that a cryptocurrency exchange platform has been dismantled by Canadian law enforcement,” the RCMP’s Eastern Region federal policing division, based in Montreal, said in a statement.

The Canadian investigation into TradeOgre began in June 2024, following a tip from the European Union’s policing agency Europol to the RCMP’s money laundering division.

According to the RCMP, investigators found TradeOgre violated Canadian laws and regulations by not registering with Fintrac as a money services business and did not identify its clients.

“Inves

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