So in a different thread I asked about the risks of moving large amounts of crypto through the exchanges, like if you wanted to cash out and get back to fiat. Would you be vulnerable or discoverable?
The response came back that I had no idea how the mechanics of crypto worked. I wonder how you explain something like this.
Then again, it's Coinbase, so <<internet shrug emoji>>
What is there to explain? User fell for phishing attack and granted attacker access to their Coinbase acount.
Your question was whether you could liquidate thousands of bitcoin without being noticed. The answer to that depends on who you're worried about noticing you. If you want to cash out hundreds of millions without the US government noticing you, then that's going to be difficult. It's also difficult to not be noticed by the exchange you'll be trading on, because the legit ones require KYC because, again, governments are interested in how money moves. If you just want privacy from randos, sell on Coinbase and nobody will know unless Coinbase screws up really bad.
The article is not heavy on details, but it sounds like they spoofed a Coinbase notification while the victim was on the legit Coinbase website, so the most likely possibility is that the machine was compromised.
The response came back that I had no idea how the mechanics of crypto worked. I wonder how you explain something like this.
Then again, it's Coinbase, so <<internet shrug emoji>>