When Law Enforcement Raids a Crypto Exchange: Insights from Canada’s TradeOgre Shutdown

Cryptocurrency exchanges are frequently praised for their potential for decentralization, pseudonymity, and ability to resist censorship. However, for numerous regulators and law enforcement bodies, they also attract misuse: money laundering, illegal financing, and untraceable asset transfers. In 2025, Canada embarked on a new phase in this narrative with the shutdown of TradeOgre, signifying what seems …