Japanese police arrested 6 suspects involved in cryptocurrency money laundering, with approximately 580,000 US dollars in funds involved

According to reports from Japan's Jiji Press and TBS, Japanese police have arrested 6 individuals suspected of laundering money for a fraud group through cryptocurrency assets. Police investigations indicate that the gang is suspected of handling approximately 91 million yen (about 580,000 USD) in fraud 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 are reportedly charging a commission of about 1%.