Police in Japan used analysis of Monero (XMR) transactions to arrest 18 individuals suspected of fraud, according to reports.

Japanese authorities, including the National Police Agency and a joint task force from nine prefectural police departments, have arrested 18 individuals involved in a scam using Monero (XMR).

According to multiple reports, the suspects allegedly used stolen credit card details to make fraudulent purchases, primarily on the flea market app Mercari.

Over the span of June to July 2021, the accused reportedly managed 42 fraudulent transactions, defrauding Mercari of approximately 2.7 million yen. In total, the group is thought to have carried out…