Osaka Scam Suspects Arrested Over ¥81 Million Crypto Theft

Japanese authorities have arrested two individuals in connection with an alleged cryptocurrency theft scheme.

The suspects allegedly impersonated Osaka prefectural police and demanded that a woman transfer her crypto assets, claiming her bank card was linked to a massive fraud case.

The victim, a 40-year-old woman, reportedly transferred about ¥81 million in crypto assets before realizing the scam.

Preliminary investigations suggest the operation may have been based in Cambodia, with one of the suspects possibly being a Chinese national.