Japan-linked crypto fraud network tied to fentanyl precursor case, Nikkei finds

From tradersunion.com

Japanese online infrastructure is emerging as a key element in an alleged cross-border criminal network that spans fentanyl precursor chemicals and cryptocurrency fraud. The case links a Wuhan-based chemical company and a dissolved Nagoya entity to a fake token scheme that allegedly caused more than $1 million in losses. Nikkei reported that a Chinese organization suspected of illegally exporting fentanyl precursor chemicals is also tied to a large-scale cryptocurrency fraud operation run through a base in Japan. The newspaper said the group used Japanese internet domains to target crypto users globally and routed ... (full story)