Winklevoss brothers accuse Charlie Shrem of stealing 5,000 bitcoins

Home » BLOCKCHAIN » Winklevoss brothers accuse Charlie Shrem of stealing 5,000 bitcoins
Winklevoss brothers accuse Charlie Shrem of stealing 5,000 bitcoins
2018-11-02 in BLOCKCHAIN

The founders of the Bitcoin exchange Gemini, brothers Cameron and Tyler Winklevoss, filed a lawsuit against entrepreneur and early cryptocurrency investor Charlie Shrem, accusing him of stealing 5000 BTC. It was reported by the New York Times.

According to the publication, the events described in the lawsuit took place in 2012. Then the brothers gave Shrem a total of $ 1 million to buy bitcoins for them. Later Winklevoss brothers realized that they did not receive bitcoins in the full amount.

The brothers claim that they turned to Shrem asking to return the missing Bitcoins, but it was not satisfied.

Now they demand the return of about 5,000 bitcoins (almost $ 32 million at the current exchange rate) through the courts. It should be noted that at the time of the transaction in 2012, Bitcoin was worth about $ 12.5.

In addition, Cameron and Tyler Winklevoss were interested in buying Charlie Shrem, which he made immediately after leaving prison, where he was serving a sentence for money laundering and providing financial services without a license through the BitInstant stock exchange he owned.

“Either Shrem was extremely successful after being released from prison, or, more likely, he acquired six properties in Florida worth $ 2 million, two Maserati sports cars, two boats and other property for the 5,000 bitcoins that he stole,” – said in the statement of claim.

At the same time, Shrem’s lawyers argue that part of Shrem’s assets were frozen during legal proceedings.

“The lawsuit mistakenly claims that Charlie, in fact, appropriated several thousand Bitcoins six years ago. There is no share of truth. Charlie plans to defend himself and restore his good name, ” – said Shrem’s lawyer Brian Klein.

Charlie Schrem has not yet commented on the situation.

  • bitcoinBitcoin$3,887.86
  • ethereumEthereum$137.24
  • rippleXRP$0.314484
  • tetherTether$1.00
  • eosEOS$3.76
  • stellarStellar$0.084970
  • litecoinLitecoin$57.67
  • cardanoCardano$0.042856
  • tronTRON$0.023023
  • moneroMonero$50.11
  • iotaIOTA$0.278749
  • nemNEM$0.042050
  • dashDash$80.58
  • neoNEO$8.78
What is Blockchain?
“Giving users easy access to many different kinds of digital assets on the blockchain and, particularly, tokens that are linked to assets in the real world, is crucial to seeing blockchain adoption reach the next level, and I applaud Digix Global’s initiative in being the first of many such projects to successfully launch” – Vitalik […]
2019-03-06 0 39
What is Bitcoin?
The cryptocurrency industry is becoming more and more popular all around the world. Despite the fact that there are more than 1000 different cryptocurrencies and the number keeps growing, cryptocurrency is often associated with Bitcoin. Bitcoin is the first modern cryptocurrency in the world; it attracts thousands of users and investors from different countries. Millions […]
2019-03-05 0 36
Anton Vokrug, the CEO of DataTrading, about the financial markets and cryptocurrencies
The topic of cryptocurrency regulation will be actual for several more years in Ukraine. The Government of Ukraine has already taken steps towards the adoption of relevant cryptocurrency-related laws. In particular, the Ukrainian officials work on the legalization of the project “The Concept of State Policy in the Field of Virtual Assets”. However, what does the regulation really mean […]
2019-02-27 0 136
IBM used blockchain to ship 28 tons of citrus fruits from China to Singapore
On the eve of the Chinese New Year celebration, the technological giant IBM delivered 28 tons of oranges and tangerines from China to Singapore. When issuing a bill of lading confirming the contract of shipment, the blockchain technology was used, reports CoinDesk. IBM experts note that the electronic bill of lading (e-BL) has accelerated administrative […]
2019-02-19 0 20
© 2017–2018