Winklevoss twins ordered to pay $45,000 to Charlie Shrem
Winklevoss twins were asked by a New York court to pay back $45,000 to Charlie Shrem for the legal costs he incurred as a part of the ongoing lawsuit against him. This is a part of the new ruling according to a document filed on February 7. Winklevoss twins filed a lawsuit against Shrem, a Bitcoin entrepreneur, on the grounds of stealing Bitcoins that belonged to the Bitcoin billionaire twins.
The lawsuit filed by Winklevoss twins in November alleged that Shrem embezzled over 5000 Bitcoins which rightfully belonged to the twins.
Charlie Shrem’s shady history shows that he has been jailed, in 2014, for illegally helping people to buys drugs off the illegal online marketplace called Silk Road. He claimed that he went to prison with almost no money. He worked as a dishwasher after getting out of jail in 2016.
However, after Shrem got out of prison he amassed a horde of expensive items for himself including two Masseratis and a $2 million house in Florida. When the news got out the twins got suspicious. “Either Shrem has been incredibly lucky and successful since leaving prison, or — more likely — he ‘acquired’ his six properties, two Maseratis, two powerboats and other holdings with the appreciated value of the 5,000 Bitcoin he stole from” the Winklevoss twins, stated the lawsuit.
Charlie Shrem paved the way for the Winklevoss twins to amass their massive share of cryptocurrencies. Shrem got them interested in the cryptocurrency realm and became their first adviser in the crypto industry.
A few months after the collaboration with Shrem the twins accused him of not giving all the Bitcoins that they were supposed to receive. The lawsuit states that the brother gave Shrem $250,000 but he delivered only around $189,000 worth of Bitcoin.
This is the second time in the last three months that the Southern District of New York has ruled in favor of Shrem. Looking at the Winklevoss brothers they built the Gemini exchange which has gained a lot of popularity among the crypto community. They have also launched the Gemini stablecoin [GUSD] and is currently working on getting their Bitcoin ETF application approved by the SEC.
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