Japanese police arrested Saki Okayama, 31, and Koki Minamizawa, 38, for allegedly operating a fraud ring that impersonated Osaka Prefectural Police to steal cryptocurrency. The suspects told a woman in her 40s that her bank card was linked to a 600 billion yen money laundering scheme and demanded she transfer crypto assets to prove her innocence, resulting in the theft of approximately 81 million yen ($515,000). Authorities suspect the fraud ring operates from a base in Cambodia with a Chinese national as the alleged mastermind. Known losses tied to these two suspects total approximately 240 million yen ($1.526 million) across multiple cases involving similar impersonation tactics targeting cryptocurrency holders.