Four company representatives arrested for allegedly soliciting crypto assets without registration; 9.4 billion yen was collected. Four people, including the representative of a Tokyo-based company involved in asset management, were arrested on suspicion of violating the Financial Instruments and Exchange Act.
Police are investigating the matter in detail, believing that they collected more than 1,000 people in 38 prefectures over the two-year period up to January. The four people called themselves ``Arcus Trade'' and solicited people by saying things like, ''If you invest in crypto assets for 1 million yen per unit, you will increase the amount back five times in one year.''