If i would have millions in crypto, frankly i would see Coinbase as excellent centralized option. It would be way safer then anything i could provide, and i wouldn't need to lose any sleep over losing my private key.
So even after this news, do you think that you still see them as an excellent choice for your option?
If i was a criminal or blacklisted by sanctions, then obviously CEXes wouldn't be an option.
I think criminals are aware of this. They're not going to put themselves into trouble by doing so, the identities are there, and even if they're going to use someone else's identity. The funds that they've taken are going to be frozen still and that would be a waste for them.
Having millions would rather make you more worry about the funds you have inside the centralized platform. This isn't a safe place for your money when all of a sudden they will just suspect you of money laundering. So why is the guy in coinbase, there are some other exchanges out there.
Too bad for that guy for being too trust. If they could do this to crypto, how much more for the coming CBDC that Ursula von der Leyen been trying to launch.