He opened the Coinbase account under the bank's name, as a business account, with forged documents. A regular Coinbase account would never be able to do this. C

He opened the Coinbase account under the bank's name, as a business account, with forged documents. A regular Coinbase account would never be able to do this. Coinbase was fooled in this scheme, but so were both banks, so this is not a case of Coinbase being uniquely vulnerable. And the Bitcoin shenanigans did not help this guy at all in the end, so this is not a case of crypto being useful for crime either.