Authorities in Japan have arrested two suspects over their alleged role in helping a fake police fraud group steal cryptocurrency worth 81 million yen ($515,000) from a woman in her 40s.

Police believe the group operated out of Cambodia and is part of a larger operation.

Police Arrest Two In Crypto Scam

According to a report by FNN, Japanese authorities arrested Saki Okayama and Mitsuki Minamisawa in connection with the scam. Group members impersonated police officers and used intimidation tactics to pressure their targets into transferring their crypto assets. The group’s latest target, a woman in her 40s, was told her bank card was linked to a money laundering investigation.

The group claimed that 400 accounts were used to launder funds…