Japan arrests two suspect over 81M yen crypto police scam
Japanese police arrested two suspects over an alleged 81 million-yen cryptocurrency theft tied to a fake police scheme. The suspects allegedly posed as Osaka prefectural police and told a woman to transfer crypto assets as part of a fraud investigation.
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This affects the woman at the center of the case, who was told to transfer crypto assets in an alleged fraud investigation and is tied to the reported 81 million-yen loss. It also affects people who handle crypto in Japan, since the case shows a police-style scam that was directed at a holder of crypto assets.
Before this, the impersonation step and the request to move crypto assets were part of the alleged scheme; after the arrests, the suspects are in custody and the case is now in a police process. What stays the same is that the reported theft amount remains 81 million yen and the scheme is still described as alleged.
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Has this happened before?
Nothing comparable yet.