Chinese executive arrested in Japan for opening cryptocurrency account he sold to criminals
Lin Xiaolin is believed to have opened six cryptocurrency accounts in total, police said
Japan police said Tuesday they arrested a Chinese man in Tokyo for allegedly opening a cryptocurrency account that he later sold to a criminal group.
Lin Xiaolin, 30, a corporate executive living in Tokyo, was arrested on March 15 for allegedly opening the account at a virtual currency exchange in Tokyo by accessing its server from China using the name of a Vietnamese individual, they said.
He has denied the allegation.
The police said the account was then immediately sold to the criminal group for about 100,000 yen (US$945).
Lin is believed to have opened six cryptocurrency accounts in total, with at least three then used in illicit transactions, they said.