$ 40 million seized, trust destroyed? Canada’s largest crypto performance allows users to make it furious

The Royal Canadian Mounted Police (RCMP) Federal Policing – Eastern Region has announced the largest cryptocurrency input in Canadian history, after more than 56 million Canadian dollars (around $ 40 million) of the Platform Tradeogre.

The operation was performed by researchers who specialize in financial crime, cyber crime and cryptocurrencies. It is also the first time that Canadian law enforcement has dismantled a cryptocurrency exchange.

Historical crypto -bust

In the latest press release, the RCMP said That the case was started in June 2024 after a Tupo tip led to the Money Launning Investigative Team (MLIT) investigating the activities of the platform.

Authorities discovered that Tradeogre has broken the Canadian financial laws, in particular for not registering the financial transactions and reports Analysis Center of Canada (Fintrac) as a company for money services and for failing the identities of its customers.

Researchers are of the opinion that the majority of the funds passing by the platform were connected to criminal activities and noted that privacy -driven trade fairs are often used by organized crime groups to launch illegal money. Transaction data collected from the stock exchange will be undergone further analysis and officials have indicated that costs can follow because the investigation is underway.

“Direct theft”?

The attack led to heated reactions within the community, because many users expressed anger and concern about the fate of legitimate funds. Reuben Yap, co-founder of Firo (formerly Zcoin), undercommon Whether the Canadian authorities intend to confiscate balances that come from legal sources. He argued that punishing all account holders simply because the exchange has not maintained knowledge of the Know-Your-Customer (KYC), the cover of innocent users would be.

YAP further compared the situation with the notorious BTC-E case, in which the claimants were confronted with a burdening process that requires extensive evidence to reclaim funds, and warned that Tradeogre users can do it even worse, because reports needed to support Claims are no longer accessible.

Other community votes echoed this indignation. For example, prominent influencer capphanpto called The move “damn crazy” and emphasized that users who have not had misconduct, now that there are the risk of losing their assets. He argued that such general attacks undermine the confidence in the financial system and framed it as “straight theft”, in which he encouraged the wider crypto community to unite against what he regards as an other reach of law enforcement body.

In the meantime, the security protection of Metamask Taylor Monahan leads tweeted”

“Sorry that I contradict you” beliefs “, but the last time I have checked my friends and I am not criminals. I am really looking forward to seeing the evidence, and for you to rely on all the innocent parties that you have stolen from money without notification and without appropriate process.”