Hyogo Man Loses Approximately 826 Million Yen in Crypto Scam

A 65-year-old man in Ashiya, Hyogo Prefecture, Japan, was defrauded of approximately 826 million yen in crypto assets by individuals posing as police officers from Aichi Prefecture. The suspects convinced the victim to convert his savings and securities into crypto assets under the guise of an investigation. The victim transferred the assets to specified addresses in ten installments between September 7 and 17. The incident was discovered after the victim became suspicious when the suspects demanded additional bail money.