Replies to post #2286 on Grayscale Bitcoin Trust (GBTC)

[ApollyonZ]

The settlement with the SEC noted that BIT/SecondMarket acted on advice provided by counsel but apparently the legal team pushed things a bit too far.

Barry SilbertIn the settlement, SecondMarket must pay disgorgement of $51,650.11 plus prejudgment interest of $2105.68 for a total penalty of $53,755.79.

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GBTC was placed on time out for bad behavior.