Claims Charlie Shrem Stole 5000 BTC in 2012

Winklevoss Lawsuit Claims Charlie Shrem ‘Stole 5000 BTC’ in 2012, Shrem’s Lawyer Denies

An attorney for Bitcoin Foundation founder Charlie Shrem has denied claims by Tyler and Cameron Winklevoss that he”stole” 5000 bitcoins (now $31.7 million) from them in 2012, the New York Times (NYT) reported Nov. 2.

In lawsuit unsealed Thursday, Nov. 1, the Winklevoss twins, with whom Shrem worked on a previous project before serving one year in prison for alleged facilitation of medication buying using Bitcoin (BTC), said that the problem goes back to 2012.

“Either Shrem has been incredibly blessed and successful since leaving jail, or — more likely — he’obtained’ his six properties, two Maseratis, two powerboats and other holdings with the appreciated value of their 5,000 Bitcoin he stole,” that the NYT quotes the suit as claiming.

The judge overseeing the criticism — the same involved with Shrem’s prior instance — has”agreed to suspend” a number of his resources, a request which originally surfaced in September, while also considering a further claim that he owes $950,000 at restitution out of when he pleaded guilty in 2014.

The debacle goes back to alleged capital Shrem failed to repay the Winklevosses as a portion of the investment in his eponymous project BitInstant.

Against a payment of $250,000, Shrem allegedly only gave the twins $189,000 in Bitcoin, which at the time traded around $12.50.

A falling out over direction saw the spouses sever contact with one another, while Shrem then pleaded guilty to activities involving BitInstant prior to the Winklevosses arrived on board.

In the meantime, a private investigator hired by the Winklevoss twins reportedly tracked the missing 5000 BTC funds, Resulting in the present lawsuit and asset freeze decisio

While Shrem has not officially responded to the fresh legal struggle, a lawyer representing him criticized that the lawsuit’s content.

“The litigation wrongly realised that about six years back Charlie essentially misappropriated thousands of Bitcoins,” he explained in a statement, including:

“Nothing could be further from the truth. Charlie plans to vigorously defend himself and quickly clear his name.”

Shrem hasn’t reacted to BMI’s petition for comment by press time, and this guide will be updated as additional information is made accessible.

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