Police in Ashiya, Hyogo Prefecture, said on Sept. 30 that a 65-year-old man was defrauded of about 826 million yen, or roughly $5.26 million, in crypto assets after being targeted by someone posing as a police officer. According to the notice cited by Techub News, the scammer told the victim that his bank account had been linked to multiple complaints and that his assets needed to be checked to prove his innocence. The man then followed instructions to convert his deposits and securities holdings into cryptocurrency and place the funds into a personal wallet. Between Sept. 7 and Sept. 17, the assets were transferred in 10 transactions to addresses controlled by the scammer. Police are investigating the case as computer fraud. The item was also attributed to Wu Blockchain in the source text.
Techub News reported that police in Ashiya, Hyogo Prefecture, said on Sept. 30 that a 65-year-old man lost about 826 million yen, or roughly $5.26 million, in crypto assets after being scammed by a person posing as a police officer.
The scammer allegedly told the man that his bank account was tied to multiple complaints and said his assets needed to be checked to prove his innocence. The victim then followed the instructions, converted his deposits and securities assets into cryptocurrency, and placed them into a personal wallet.
From Sept. 7 to Sept. 17, the assets were sent in 10 transactions to addresses controlled by the scammer. Police are investigating the case as computer fraud.
The source text also credited Wu Blockchain.
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