The group of scammers has been under investigation by Japan’s newly formed cybercrime unit since August.
For the first time in crypto history, Japanese authorities arrested a gang of 18 scammers by analyzing Monero transactions.
Japanese authorities analyzed approximately 900 Monero (XMR)-based money laundering transactions from the gang of scammers, which caused approximately 100 million yen ($670,000) worth of damage during their criminal activity.
Japanese authorities told local media outlet Nikkei that this marks the first time in history that the country’s law enforcement agencies have used Monero transactions to identify a group of criminals.
