Japan arrests 6 over $580K crypto laundering case

Japanese police have arrested six people over an alleged cryptocurrency money laundering operation involving approximately 91 million yen ($580,000) in suspected fraud proceeds, with investigators examining transactions connected to around 30 victims across the country. Japanese police arrested six suspects accused of laundering proceeds from investment fraud through cryptocurrency transactions overseas. Investigators suspect approximately 91 million yen passed through the operation during February and March 2024. Police linked the suspected funds to around 30 fraud victims living across fifteen Japanese prefectures. Weather company president Keisuke Tanaka and suspected intermediary Yusuke Shibuya were among those arrested Thursday.

Source: crypto.news