Japan police arrest two over $515K crypto scam posing as officers
- —Known losses tied to the group total about ¥240 million ($1.53 million)
- —Suspects posed as Osaka prefectural police officers
- —Investigators believe the group was based in Cambodia
- —Masterminds may be Chinese nationals, police said
Why it matters: The case highlights the rise of cross-border crypto fraud impersonating authorities and adds pressure on Asian regulators to tighten oversight.
Source: PANews