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Crypto World News reports that, according to Kyodo News, Osaka Prefectural Police in Japan have arrested three men on suspicion of violating the Organized Crime Punishment Law.
These three individuals are part of an investment scam gang suspected of laundering criminal proceeds.
They exchanged approximately 14 million yen from six prefectures and ten victims into stablecoins and other cryptocurrencies, and participated in money laundering activities totaling billions of yen.