• Kyodo


Seven men in Hyogo Prefecture have been arrested on suspicion of swindling a man out of bitcoins worth around ¥190 million ($1.8 million), police said Wednesday.

The police believe the men, all in their 20s, conned a Tokyo marketing firm president in his 40s into transferring his bitcoins last year to an account from which they exchanged the virtual currency into cash.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.