Japanese police arrested 6 suspects in a cryptocurrency money laundering case: the involved funds amount to approximately 580,000 US dollars

According to reports from Japan's Jiji Press and TBS, Japanese police have arrested six individuals suspected of laundering money for a fraud group through cryptocurrency assets. Police investigations indicate that the group allegedly handled approximately 91 million yen (about 580,000 USD) in fraudulent funds between February and March 2024, involving around 30 victims.

The funds first entered the company's bank account, then were exchanged for BTC, converted to USDT through overseas channels, and returned to the fraud group. The individuals involved reportedly received a commission of about 1%.