Japanese authorities trace Monero, arrest 18 in $670K laundering case

Japanese authorities trace Monero, arrest 18 in $670K laundering case

Japanese authorities arrested a gang of 18 alleged scammers by analyzing Monero transactions for the first time in crypto history.Japanese authorities said they analyzed about 900 of the group’s Monero (XMR)-based money-laundering transactions, which totaled about 100 million yen ($670,000).Japanese authorities told local media outlet Nikkei that this marked the first time the country’s law enforcement agencies had used Monero transactions to id…