Coinbase freezing funds because there's no official documents of betting.

[Adiljutt156]

I don't even know how it got piled up, but he surely didn't put them there at once.

So many zeros to be messing around with on centralized systems. This is something that makes me run away from anything centralized.

I don't even see why I would have such amount of money and want to give control to a site, more worse Coinbase. Now since the money is coming from his gambling they will find more faults to validate their actions and withhold his money from him.

The solution? Avoid giving control of funds to their party.

it never ends well, not for long.

Centralized exchanges always do tricks like this for having money under their control, while Coinbase has a history of things like this. Just because this has never been done in any business at this level, I have my lesson from a few years back: not your keys, not your coins, so I am doing my own safety always, preferably because they are having many rules and regulations to block accounts and freeze funds without giving any exemption.

No doubt it's a big amount, and now chances are high this person is also going to face some issues through agencies as well because they are surely going to be informed, and then their investigation is going to be started about how he did this even though he is a stake client, but they are also not going to stand with him due to the use of VPN, as USA citizens are not allowed to play on this platform.

[promise444c5]

I believe that in regulated casinos, you can ask for all betting data. At least EU citizens have law on their side and casinos are required to give all the data they have about the user activity if they choose to request it. That can take couple of months, but resolving these issues take time anyway.

Yes, they can contact the casino through their support and request for their deposit and withdrawal histories , including the betting histories if needed[regulated or not,  doesn’t really matter for that]

The only problem is they as a gambler could be breaking some rules in their jurisdiction or country by admitting they gambled and made such money on an offshore Casino, especially if there’re tax or gambling restrictions involved [illegal gambling]. which can also lead to legal or tax problems in some jurisdictions .

“Not your keys not your coin”..

[Dogedegen]

Whoa! 900 000$ is a very huge amount of money, it's not a joke actually. There are many questions that come to my mind when I read that, actually. First, why did they put
such a large amount in coinbase?

This is a small amount of money compared to large customers that Coinbase has, and even more compared to institutions. If some amount of money is big for you and me, that does not mean that the amount of money is big. There are people who have tens or even hundreds of millions on Coinbase and they have no problem. The issue is not with the amount of money, the issue is about its suspected origins and the shady person that is behind this transaction. People who are rich or people who have very clean sources of funds and good documents do not have problems depositing even larger amounts and they accounts do not get frozen. For many transactions they are not even asked for source of funds based on their profile and history with the exchange.

I believe that in regulated casinos, you can ask for all betting data. At least EU citizens have law on their side and casinos are required to give all the data they have about the user activity if they choose to request it. That can take couple of months, but resolving these issues take time anyway.

Yes, they can contact the casino through their support and request for their deposit and withdrawal histories , including the betting histories if needed[regulated or not,  doesn’t really matter for that]

The only problem is they as a gambler could be breaking some rules in their jurisdiction or country by admitting they gambled and made such money on an offshore Casino, especially if there’re tax or gambling restrictions involved [illegal gambling]. which can also lead to legal or tax problems in some jurisdictions .

“Not your keys not your coin”..

This will not help them. We have established here that it is very likely the user broke the terms and conditions and possibly even used a fake ID, they have committed several crimes to get this money. The money is fraudulent and Coinbase will not accept it. It would surprise me if they unfreeze it to send it back to him and close his account. The situation is high profile because of the many crimes that are committed and high possibility of money laundering, so it is possible that he will not get any of this money back.

[WhoYouCantKill]

Yes, they can contact the casino through their support and request for their deposit and withdrawal histories , including the betting histories if needed[regulated or not,  doesn’t really matter for that]

The only problem is they as a gambler could be breaking some rules in their jurisdiction or country by admitting they gambled and made such money on an offshore Casino, especially if there’re tax or gambling restrictions involved [illegal gambling]. which can also lead to legal or tax problems in some jurisdictions .

Yeah he could, but simply getting his complete transaction history doesn’t automatically makes the money quite easy to explain you know. Because even if the records manage to explain and prove where the money actually came from, the player would/might still be exposed to certain questions about whether the gambling itself is an activity that’s permitted under the local laws in that jurisdiction or whether the winnings are taxable. So yeah, keeping records is only useful to an extent, but the more important thing is understanding the rules in your jurisdiction.