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Canadian authorities seize $56 million in cryptocurrencies, including bitcoin and XRP, and move to shutter the TradeOgre exchange, marking a significant enforcement action affecting a venue serving digital asset traders. The action targets holdings across multiple coins and accompanies steps to wind down operations, highlighting the coordination needed to freeze assets, secure custody, and handle customer impacts during a forced closure, while underscoring the heightened compliance stakes for platforms exposed to Canadian jurisdiction and the potential disruption to users’ access and liquidity.