A friend was forced to sell multiple coins this week on one of the largest tradfi brokerages in the world. The spouse works for the brokerage and the spouse's career was threatened if the coins weren't sold immediately.

Has anyone experienced this or heard of this?

The coins were held in a joint money market account for which my friend was the fiduciary for their elderly grandparent. BTC was the obvious choice because the funds weren't likely to be needed in their lifetime.

The brokerage's upper management threatened the spouse with termination if the coins weren't sold immediately.

My friend sold them at the market to save the spouse's career.

Has anyone heard of anything like this happening?

This doesn't seem right to me...

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Discussion

Old fashioned blackmail.

for what reason though?

No idea, I'm thinking it has something to do with how it was held. Seems like it's not a self custody situation, could be going under and they need to make it seem they are OK. More reason to self custody, not your keys, not your coins.

they aren't going under. it is definitely not a self custody situation.

Just a weird thing to do, it feels illegal and immoral.

yep