Quote from: anonymoustroll420 on May 02, 2017, 06:14:29 PM

Quote from: cellard on May 02, 2017, 06:07:55 PM

The bottomline is, it's a lottery, anyone could be holding coins that were once used by some criminal, they end up in a exchange, and then you deposit money on a exchange, do your trading, withdraw and you end up raided.

Thats not what happened here. Most companies are aware that blockchain analysis is not accurate (except for coinbase)

What happened is she sent/received over 10,000euro to her bank account. In the EU, you are required to report bank transactions over 10,000euro to the tax office. Due to a loophole you are not required to report Bitcoin transactions over 10,000euro, only bank/cash transactions. It is supposedly to prevent money laundering and funding terrorism. She didn't report it. She got raided. The initial raid was just to investigate the unreported transaction(s). Who knows if she'll face charges or not, depends on the evidence the police have.

And Coinbase happen to be the biggest one.

Please think, in the future, this will be the norm. All major service providers are going to end up like this, it's only a matter of time the government throws endless resources into blockchain analysis linking it all to all possible gateways like exchanges in order to catch everyone that is unlucky to be holding coins that are traced back to criminal activities.

The *only* way to counteract it is to make it impossible by improving bitcoin privacy at its core.