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Crypto Cops Go Full Metal Jacket: Japan Cracks Down on Dark Web Money Laundering Ring, 18 Caught Red-Handed in Shockingly Simple Monero Heist

A dark alleyway filled with Japanese police officers surrounding an individual holding Monero coins and laptops, while another figure is seen being dragged away by handcuffs; a cityscape blurred out behind them.

When it comes to cryptocurrency’s dark side, let’s face it – Japan is just trying to keep up with the west when it comes to crypto-related crimes. A recent arrest of 18 alleged scammers by tracing Monero transactions for $670K laundering case is a stark reminder that this ‘innocent’ tech has been hijacked by bad actors.

Source: cointelegraph

Japanese authorities arrested a gang of 18 alleged scammers by analyzing Monero transactions for the first time in crypto history. Japanese authorities said they analyzed about 900 of the group’s Monero (XMR)-based money-laundering transactions, which totaled about 100 million yen ($670,000). Japanese authorities told local media outlet Nikkei that this marked the first time the country’s law enforcement agencies had used Monero transactions to identify criminals. The criminal group and […]

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