Here’s the complaint
https://www.courthousenews.com/wp-content/uploads/2021/12/us...
Some classic social engineering when he calls Citibank and convinces them to change they email address they have on record for approving transactions.
Some classic social engineering when he calls Citibank and convinces them to change they email address they have on record for approving transactions.
I have no idea how this passed Coinbase's KYC limits, there must be much more to the story here. I can't imagine that it was a typical self-serve trade via their web UI, he surely developed some form of OTC relationship with Coinbase to pull off buying this much BTC and successfully withdrawing it.
~$144m of May 2021 BTC turned into ~$221m in December at the time of seizure, if they decide to realize the gains.
He fraudulently opened a Coinbase business account for SA Reinsurance, a Sony Life subsidiary. The SA Reinsurance documents he submitted were legitimate, but he was not authorized to open such an account.