Tradeogre is down right now is it hacked or is it seized ?

[RumFwllow]

Okay Tradeogre was Seized. https://ca.finance.yahoo.com/news/rcmp-56-million-cryptocurrency-seizure-171217479.html

This is nothing less than state theft because the "criminals" are not the ones sticking around to trade; they are in and out as fast as they can. The only people they're stealing from are miners and traders maintaining buy/sell positions.

I expect most of this money will go to the state which it seems is little more mob organisation these days.

[dkbit98]

Okay Tradeogre was Seized. https://ca.finance.yahoo.com/news/rcmp-56-million-cryptocurrency-seizure-171217479.html

RIP Tradeogre.
This was a good little exchange and I am glad it turned out in the end they didn't scam anyone.
Question now is what is government going to do with $56 million worth seized coins, return them to Tradeogre customers or not.

[RumFwllow]

I agree, I'm also glad the people running Tradeogre turned out to be honourable.

As for getting money back I won't hold my breath. TBH I wouldn't be surprised if they didn't try going after the sites users in order to extract even more money.

[BayAreaCoins]

I would imagine that they marketed specifically to or participated in some dark shit.

If the "majority" of their traffic was criminal, it would almost have to mean they were involved and used their own exchange.

They worked well for me... I honestly can't remember if I had any coins on there or not.  

I'm probably going to chalk that one up as a donation to Canada.  That's the way she goes.

Did they get the opp or just the servers?  I didn't see any mentions of arrests. Maybe with $56 million bucks in crypto, they aren't worried about any arrests.

[mmgen-py]

I agree, I'm also glad the people running Tradeogre turned out to be honourable.

Knew from the beginning this wasn't an exit scam. Used this exchange for many years, never had a single incident, and always recommended it to others. A rock-solid reliable exchange. RIP TradeOgre, and best wishes for its owners/operators in their future endeavours -- if they manage to escape prosecution.

Did they get the opp or just the servers?  I didn't see any mentions of arrests. Maybe with $56 million bucks in crypto, they aren't worried about any arrests.

The operators' arrest would be a far greater prize for LE than a paltry $56 million. Its absence would indicate they had truly excellent OpSec.

The long delay between the exchange's closure/seizure and the official announcement is also curious. Could it be that the authorities were hoping to apprehend the miscreants and show them being led away in handcuffs but finally had to give up on that idea?

[RumFwllow]

Knew from the beginning this wasn't an exit scam. Used this exchange for many years, never had a single incident, and always recommended it to others. A rock-solid reliable exchange. RIP TradeOgre, and best wishes for its owners/operators in their future endeavours -- if they manage to escape prosecution.

I agree, although I would have replaced escape prosecution with escape persecution, because that seems to be where we're at these days.

[RumFwllow]

Questions remain about the fate of the cryptocurrency assets.

Sgt. Lagarde said police are considering whether to file an asset-forfeiture application to have the $56-million in cryptocurrency declared as proceeds of crime. “It’s seized but it’s not forfeited yet,” he said.

https://www.theglobeandmail.com/canada/article-rcmp-cryptocurrency-tradeogre-quebec/

Doesn't take much to become a criminal these days. I expect the "recovered" money will go straight into government coffers regardless of whether or not their victims are miners or small traders!

[Z-tight]

Did they get the opp or just the servers?  I didn't see any mentions of arrests. Maybe with $56 million bucks in crypto, they aren't worried about any arrests.

They didn't make any mention of arrests. However, they said their investigation is still ongoing, so there would probably be charges once they are done analysing the transaction data from the exchange.

I cannot say this is comforting news for TradeOgre customers who had funds in the exchange, but at least they now have one less thing to worry about, which was what happened to the exchange. Now we know it was seized and the government would probably 'steal' people's funds that they have confiscated, calling it all criminal proceeds.

[mmgen-py]

According to the Globe and Mail, “TradeOgre was being run by a man in the United States who recently died.”

https://x.com/cryptonator1337/status/1969251097802912024

https://www.theglobeandmail.com/canada/article-rcmp-cryptocurrency-tradeogre-quebec/

[NotATether]

According to the Globe and Mail, “TradeOgre was being run by a man in the United States who recently died.”

https://x.com/cryptonator1337/status/1969251097802912024

I would have wrote something on X, but the dude seems to have me blocked. Oh well.

So what I was trying to say was, why would they be going after Tradeogre only after its owner passed away? Could it be because people with customer support issues reported the website?

And if the man was from the USA, why was Canada involved in this?

[OmegaStarScream]

I would have wrote something on X, but the dude seems to have me blocked. Oh well.

So what I was trying to say was, why would they be going after Tradeogre only after its owner passed away? Could it be because people with customer support issues reported the website?

I highly doubt it. If this was about "customers" you would think they would announce plans to return user's funds.

I'm actually very surprised, I see a lot of people talking about TradeOgre on X (and how they want to get their money back). Not something you usually see with non-KYC privacy focused exchanges. At least I didn't when eXch was seized.

[BitMaxz]

According to the Globe and Mail, “TradeOgre was being run by a man in the United States who recently died.”

https://x.com/cryptonator1337/status/1969251097802912024

https://www.theglobeandmail.com/canada/article-rcmp-cryptocurrency-tradeogre-quebec/

I don't know which one is true, this one or the seizure.

I think if this man died, some staff should update their Twitter page about him, but there are no updates.

I've been contacting their X account since July, but no response.

After checking the site again, it seems it was seized by federal police.

[mmgen-py]

I think if this man died, some staff should update their Twitter page about him, but there are no updates.

The exchange could have been a one-man operation. That would explain all activity coming to a halt all at once.

[Lind]

According to the Globe and Mail, “TradeOgre was being run by a man in the United States who recently died.”

https://x.com/cryptonator1337/status/1969251097802912024

I would have wrote something on X, but the dude seems to have me blocked. Oh well.

So what I was trying to say was, why would they be going after Tradeogre only after its owner passed away? Could it be because people with customer support issues reported the website?

And if the man was from the USA, why was Canada involved in this?

europol gave them a tip man, which probably means someone from Europe snitched in exchange for a plea deal or something so this seems to be an international investigation. so europol will get the data regarding EU citizens my expectation, btw TO owner could be witness protection and this is just the official story which is "he is dead", ye de jure only