{"id":46062,"date":"2021-07-14T12:20:10","date_gmt":"2021-07-14T09:20:10","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=46062"},"modified":"2025-09-01T14:28:09","modified_gmt":"2025-09-01T11:28:09","slug":"four-suspects-arrested-in-japan-over-54-million-crypto-scam","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/four-suspects-arrested-in-japan-over-54-million-crypto-scam\/","title":{"rendered":"Four suspects arrested in Japan over $54 million crypto scam"},"content":{"rendered":"<p>The Aichi Prefectural Police (Japan) arrested four suspects in connection with a cryptocurrency fraud scheme called Oz Project, which caused losses of up to 6 billion yen (about $54.3 million). Asahi Shimbun Digital reports.<\/p>\n<p>The creators of the scheme offered algorithmic trading based on artificial intelligence on behalf of users on the project&#8217;s platform. More than 20,000 individuals were victims.<\/p>\n<p>Seiji Ishida, Yukihiro Yamashita, Takuya Hashiada and Masamichi Tosima promised to multiply the initial amount by 2.5 times within a four-month period. They counted on recruiting the participants&#8217; friends and acquaintances.<\/p>\n<p>Investors who were deceived filed civil lawsuits in Nagoya and Tokyo, seeking compensation for losses.<\/p>\n<p>Earlier in Brazil, the Federal Police <a href=\"https:\/\/u1f987.com\/en\/news\/brazilian-police-arrest-local-bitcoin-king-on-300-million-fraud-charges\">liquidated<\/a> Bitcoin Banco Group, with losses from its actions exceeding $300 million for more than 7,000 people.<\/p>\n<p>Follow ForkLog news on <a href=\"https:\/\/twitter.com\/ForkLog\" target=\"_blank\" rel=\"nofollow noopener\">Twitter<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Aichi Prefectural Police (Japan) arrested four suspects in organizing the Oz Project cryptocurrency fraud scheme, which affected more than 20,000 people with losses of up to 6 billion yen (about $54.3 million). Asahi Shimbun Digital reports.<\/p>\n","protected":false},"author":1,"featured_media":46063,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1154,135,1444,1163],"class_list":["post-46062","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-crimes","tag-japan","tag-law-enforcement","tag-ponzi-schemes"],"aioseo_notices":[],"amp_enabled":true,"views":"13","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/46062","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=46062"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/46062\/revisions"}],"predecessor-version":[{"id":46064,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/46062\/revisions\/46064"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/46063"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=46062"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=46062"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=46062"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}