re: Man in SF has 2 password tries left before he loses forever 220 million dollars

Well I could transfer 220 million in btc to coinbase easily. Hell 10,000,000 in bitcoin was literally transferred from an unknown hard wallet to binance exchange 37 min ago.

Now selling off 220 million instantly would make the market crash and the market price you would get would not be good. So you sell a million at a time and with bitcoin having a volume of over 61k btc bought and sold daily...well selling 28 btc is not going to be shite. Hell you could do 10x that, selling in 10 million dollar increments every 12 hours and it prolly wouldn't affect the market much.

As far as transferring to your own bank....are you suggesting a government regulated industry would not let you do that? Because you realize this is happening daily.

Go look at whale alert on Twitter. Hell someone transferred 3000 btc, about 104 million worth from a hard wallet to coinbase about an hour ago.