This makes a lot of sense. There was a time when Bittrex, binance, cryptopia, and other big exchanges had their doors closed for new members simply because their servers couldn't deal with the influx of crypto hype. So many people wanted to get into "trading crypto" and these exchanges just couldn't handle it.

So people resorted to buying accounts.

But it looks like these people he sold the accounts to where using them for "illicit trading" :/