According to CoinMeta, as reported by the Japan Times and TBS, Japanese police have arrested 6 individuals suspected of laundering money for a fraud syndicate through cryptocurrency. The police investigation revealed that the gang was involved in handling approximately 91 million yen (about $580,000) in fraudulent funds between February and March 2024, involving around 30 victims. The funds first entered the company's bank accounts, were then exchanged for BTC, and after being converted into USDT through overseas channels, they were transferred back to the fraud syndicate. It is alleged that the individuals involved took a commission of about 1%.