SOUCE: http://www.forfeiture.gov/pdf/USSS/OfficialNotification.pdf (page 6)
USSS OFFICIAL NOTIFICATION POSTED ON JULY 29, 2016
NORTHERN DISTRICT OF CALIFORNIA
330-2016-017-0001, $13,138.12 in U.S. Currency in Lieu of 25.0001538 Bitcoins from Coinbase Inc. Account in the Name of Richard P. Underwood valued at $13,138.12 seized on June 03, 2016 in San Francisco, CA from Richard
Paul Underwood
My two cents:
I try to warn every single Crypto user about using Coinbase as a wallet. This is a BAD idea for more reason than one. Coinbase gets away with their pump and dumps because they work directly with questionable federal agents and a large percent of their employees are exfeds. This is an extremely dangerous situation for many n00b crypto users that are looking for a safe place to hold funds and they have blind trust in Coinbase.
Crypto rule #1 He/She who holds the keys... owns the bitcoins ... If you don't have the private keys to the address... those aren't your coins!
If you aren't the ONLY person who has the private key to the cryptocurrency address, then the chances of your coins being confiscated, stolen or something in between are EXTREMELY high!
If you have bought Bitcoins from Coinbase it is very important as well to understand they are tracking their every movement! It is easy enough to lose a Bitcoin "tracker"... but that is for a different post on another day ;)
Be safe out there people!