@Zer0hedge..bro How many minutes did it take to notify the exchanges?
The coins had already been traded by then.
Once it becomes fiat, it is easy to hide.

I often wonder how many dark crypto pools there are.
Stolen art is easily traded amongst immoral collectors and kept in private museums.
CIA could use them to buy weapons on the black market.
Stolen coins could easily be used as collateral for loans since they would not be checked.
There are lots of ways around this problem for the thieves. Most exchanges require you to verify to make trades and the more verification you do entitles you to more money you can transfer deposit/withdraw so if all the sudden 400 million dollars worth of XEM shows up in your account some red flags are going to go up. Once the XEM is in there and you convert it to BTC -> XMR(Monero) and withdraw, your verification (how much ID info you've given them for tax purposes) means you can only withdraw $10K worth of XMR (per day/week). If you kept it as BTC and you send it over to say GDAX to turn into fiat, your have to verify with them as well. So now you $10K turns to fiat and gets deposited into your bank which of course gets flagged by IRS...thank you for sharing with us..