Japan man loses ¥826 million in crypto to fake police scam
- —Loss estimated at about ¥826 million (roughly $5.5 million)
- —Ten transfers made between Sept. 7 and Sept. 17
- —Scammers impersonated Aichi prefectural police
- —Case is being investigated as computer fraud
Why it matters: A large social-engineering case highlights risks for retail crypto holders and adds pressure on Japanese regulators.
Source: PANews