Winklevoss Twins Lose First Round Against Shrem in Court

The plot thickens between the Winklevoss/Shrem saga. In the latest chapter, the twins have ended up in last place during the first round in court.

Assets Unfrozen

In an update to the case, the twins have lost the first round against Shrem in court. In a report from Bloomberg, it seems that a judge has put an end to Shrem’s asset freeze, which was in place last month before Shrem found out about the lawsuit.

Earlier this month, it was reported that the Winklevoss twins were suing Charlie Shrem, former CEO of BitInstant, for allegedly stealing 5,000 bitcoins. At the time, in 2012, they were worth around $61,000. At today’s valuation, those bitcoins are valued around $32 million.

Charlie Shrem's assets were unfrozen by the court.

Shrem, who spent a year in prison for helping people purchase drugs on Silk Road with Bitcoin, has denied he stole anything. Prior to going to prison, Shrem claimed that he had no money in his pocket. However, according to unsealed court documents, the current lawsuit states:

…he ‘acquired’ his six…

Read Full Story : Live Bitcoin News

2018-11-09 16:00:47

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