Tag:

Seizes

RCMP Seizes $56M in Crypto, Dismantles Canada’s TradeOgre Platform

by admin September 19, 2025

Canada’s Royal Canadian Mounted Police (RCMP) have made the country’s largest-ever cryptocurrency bust, seizing more than $56 million CAD in digital assets tied to the exchange TradeOgre. It marks not only a record seizure but also the first time Canadian police have shut down a crypto trading platform running outside the law.

The investigation was handled by the RCMP’s Federal Policing division in Eastern Canada, led by the Money Laundering Investigative Team (MLIT). Police said the case began in June 2024 after Europol passed along intelligence that raised red flags about TradeOgre’s activities and possible violations of Canadian financial regulations.

Investigators discovered that TradeOgre was operating outside Canadian law. The exchange hadn’t registered with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) as required for money services businesses. On top of that, it skipped the basic obligation of verifying customer identities — a safeguard designed to stop money from being laundered through the system.

The RCMP said this lack of oversight turned TradeOgre into an easy tool for organized crime groups. Police believe most of the money that moved through the exchange came from criminal activity, with its anonymous accounts giving users a way to hide where the funds really came from.

“The main attraction of this type of platform is its ability to hide the source of funds,” investigators explained, describing the setup as a textbook tool for laundering illicit proceeds.

What Comes Next?

In addition to seizing the assets, investigators secured transaction data from the platform, which is now being analyzed. This information could lead to criminal charges against individuals or groups linked to the exchange.

“The transaction data obtained from the platform will be analyzed and charges may follow. The investigation is ongoing,” the RCMP confirmed in their statement.

This case not only underscores Canada’s growing efforts to clamp down on unregulated crypto exchanges but also highlights the importance of international cooperation in financial crime investigations. With TradeOgre dismantled, authorities say the operation sends a clear signal to platforms attempting to bypass regulatory oversight.

Also Read: US DOJ Moves to Seize $5M Bitcoin Stolen in SIM Swap Attacks

Source link

September 19, 2025 0 comments

Crypto Trends

Canada Seizes $56M in Bitcoin, XRP and Other Crypto as It Shutters Exchange TradeOgre

by admin September 19, 2025

In brief

Crypto exchange TradeOgre stopped working months ago.
Canadian police said they shut down the exchange and seized $56 million CAD ($40.5 million USD) in crypto from the platform.
The Royal Canadian Mounted Police said it was the country’s biggest crypto seizure.

Canadian police have confiscated $56 million CAD ($40.5 million USD) in digital assets after shuttering an exchange in the country’s largest crypto seizure yet, according to a statement by the Royal Canadian Mounted Police (RCMP) on Thursday.

The RCMP said that they took down the crypto exchange TradeOgre after a tip from European authorities, and that the platform failed to comply with money laundering regulations.

TradeOgre’s website no longer works, instead showing a message that it has been seized by Canadian police. RCMP told Decrypt that it had seized Bitcoin, Ethereum, XRP, Litecoin, Tron, and Qubic so far in the operation.

“Investigators have reason to believe that the majority of funds transacted on TradeOgre came from criminal sources,” the RCMP statement said.

“The main attraction of this type of platform, which doesn’t require users to identify themselves to make an account, is that it hides the source of funds. This is a common tactic used by criminal organizations that launder money.”

It added: “The transaction data obtained from the platform will be analyzed and charges may follow. The investigation is ongoing.”

Posts on Reddit show people asking why the exchange had stopped responding and working for users two months ago.

One user wrote: “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?”

TradeOgre did not respond to Decrypt’s request for comment.

Blockchain data firm Arkham Intelligence said in a blog post that it had been following TradeOgre transactions as millions of dollars in crypto left the exchange.

It added that the exchange allowed users to trade in privacy coins—cryptocurrecnies whose transaction data is largely hidden to allow for anonymous money movements.

Bitcoin was recently trading at $116,670, up 1.8% over the past 24 hours and nearly 3% over the past week.

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.

Source link

September 19, 2025 0 comments

Esports

Third-string QB Ryan Staub seizes chance, lifts Colorado to win

by admin September 7, 2025

Max OlsonSep 6, 2025, 09:08 PM ET
Close
- Covers the Big 12
- Joined ESPN in 2012
- Graduate of the University of Nebraska

Colorado’s quarterback situation went in an unexpected direction Saturday with coach Deion Sanders turning to third-string QB Ryan Staub to power the Buffaloes’ 31-7 win over Delaware.

Staub, a redshirt sophomore, stepped in after Kaidon Salter and Julian Lewis played against the Blue Hens, and he made the most of his opportunity. He completed seven of 10 passes for 157 yards and two touchdowns, making his case to be the Buffaloes’ starter moving forward.

Sanders said he prayed about his quarterback room after a 27-20 loss to Georgia Tech in the season opener and decided the best move was giving two series each to Salter, Lewis and Staub and letting their performances “tell its own story” and dictate who deserved to play.

But after Staub threw touchdown passes on each of his two drives, he stayed in for two more and helped turn a 10-7 game into a 31-7 rout. Afterward, Sanders presented Staub with a game ball.

Editor’s Picks

1 Related

“He’s just been waiting for his opportunity,” Sanders said. “Never jumped in the portal, he had every right to think that way. But he’s just been a great human being and a great young man, like a leader amongst that room. All he needed was the opportunity, and I thought it was time.”

Sanders wasn’t ready to say who will start in Colorado’s Big 12 opener next week at Houston, but he got the clarity he was seeking on Saturday.

“I know exactly how I’m going to handle the quarterback situation,” he said. “I’m not going to say it, but yeah, I’m not lost for direction.”

Staub earned one start for Colorado in 2023 during Sanders’ debut season, replacing an injured Shedeur Sanders and throwing for 195 yards and one score in a 23-17 loss to Utah in the regular-season finale. He played a total of 20 snaps over four appearances last season but does possess more experience running offensive coordinator Pat Shurmur’s system than Colorado’s two newcomer QBs.

Against Delaware, Staub got his chance with 45 seconds left in the first half and engineered a 75-yard touchdown drive with a 31-yard pass to receiver Joseph Williams followed by a 21-yard touchdown pass to running back Dekalon Taylor.

He opened the second half with a 71-yard touchdown throw to receiver Sincere Brown and stayed in as the Buffaloes’ QB for the rest of the third quarter.

Redshirt sophomore Ryan Staub went 7-of-10 for 157 yards and two touchdowns in Colorado’s 31-7 win over Delaware. Ron Chenoy-Imagn Images

“To be honest, this whole week, I wasn’t really expecting to play,” Staub said. “Friday, I kinda got the call and, OK, I might be playing. I was just waiting on an opportunity. Didn’t know it would be a two-minute drill, and kind of the rest is history.”

Salter, a transfer from Liberty, earned his second start with the Buffaloes and led the team to a 10-0 lead before Sanders gave Lewis, the No. 12 overall recruit in the 2025 ESPN 300, a chance to play his two drives in the second quarter. After both drives ended in punts and Delaware cut the deficit to 10-7, Staub took over.

Salter later reentered the game in the fourth quarter for two drives, both of which ended in punts, and finished with 127 total yards of offense. Lewis went in for victory formation on Colorado’s final drive.

Sanders planned to give Lewis, their five-star freshman, more snaps against Delaware after he didn’t play in the opener. Lewis threw for 8 yards on 2-of-4 passing and took one sack against the Blue Hens. Sanders said Lewis’ youth showed in his performance and is trying to be careful about the situations Lewis is being put in early in his college career.

“Some guys want you to just throw them in there, and I’m too protective,” Sanders said. “I love the kid and I want the kid to be successful, so we’re very protective on what we do with him and what we can do with him, how we call things with him. We want him to be in a situation to excel.”

Staub said he never considered transferring out of Colorado during his two years backing up Shedeur Sanders or when the Buffaloes brought in Lewis and Salter this offseason. He said he fell in love with the process and the program and preferred to put his head down and keep working until he got a chance.

“It’s kind of crazy,” Staub said. “I mean, yeah, there’s been a lot of days of a lot of work and some self-doubt and, you know, kind of my own battles. It’s crazy to be rewarded this way. It doesn’t really feel real. But I’m also looking forward to next week. We need to get back to work.”

Source link

September 7, 2025 0 comments