In Japan, a fraudster was caught thanks to the analysis of Monero transaction
For the first time in their practice, police officers were able to identify the defendant by analyzing the transactions of this coin. Previously, the merged video Chainalysis revealed the XMR tracking method
In Japan, a fraudster was caught thanks to the analysis of Monero transaction Japan's police arrested 18 people suspected of fraud with credit cards and laundering money in the amount of 100 million yen (more than $ 666,000) through cryptocurrencies. This is reported by local media.
According to the investigation, from June 2021 to January 2022, the group placed fictitious goods on the Merkari marketplace and received payment for them for previously stolen credit cards. In total, they made about 900 fraudulent transactions.
The alleged head of the gang of the 26-year-old Utu Kobayashi is charged with operations in the amount of 2.7 million yen (~ $ 18,000) in the period from June to July 2021. He hired all the participants in the group on an “illegal part -time job” through social networks.
The accomplices communicated in protected messengers. Fraudsters laundered the received funds through anonymous Monero cryptocurrency.
For the first time in their practice, police officers were able to identify the defendant by analyzing the transactions of this coin. Previously, the merged video Chainalysis revealed the XMR tracking method.
The method is based on the launch of a large number of “malicious” NODs for the capture of transactions and temporary labels. Recall that in January the National Bureau of Investigations of Finland reported that the XMR related to Hacker Julius Kivimyaki was able to track.
