Four more individuals have been arrested in connection with the investigation into the Japanese crypto exchange JPEX.
The latest arrests bring the total number of those detained in the probe up to 18.
The arrests come after Japanese officials raided the offices of the exchange earlier this month for allegedly making false claims to investors and laundering over $70 million of funds through four accounts.
The individuals are believed to have been key players in the exchange’s operations.
The latest arrests come as investigators continue to delve into the murky workings of the exchange, with more arrests and charges expected to follow soon.
The Japanese Financial Services Agency (FSA) has requested that the exchange suspend its activities while the investigation is ongoing.
