Fake emails sent in Japanese language reportedly rose to at least 1,500 by last autumn.
Fake emails in Japanese language sent to steal private information were confirmed last November A report published by the University of Tsukuba and Nomura Asset Management, an investment management company, criticized six government approved crypto exchanges saying they were operating without any solid countermeasures against online fraud and phishing schemes.
The Japanese Anti-phishing Council and the information security company Trend Micro reported that it was in November of last year that fake emails sent in the Japanese language targeting cryptocurrencies were confirmed for the first time.
The two entities confirmed more than 1,500 fake emails sent in Japanese, targeting cryptocurrency exchanges.
After this major Japanese crypto heist, the FSA has been strictly inspecting Japanese crypto exchanges and reported a series of deficiencies in the internal management system, one after another.

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