Charlie Shrem Wins Latest Battle in Winklevoss Twins $32M Lawsuit

Neutral Charlie Shrem Wins Latest Battle in Winklevoss Twins $32M Lawsuit

Charlie Shrem scored an important first goal in his ongoing legal match against the Winklevoss twins. A judge has lifted a previous order which froze Shrem's assets, in the $32 million case.

The Mighty Thaw

As Bitcoinist reported last week, the Winklevii are pursuing Shrem for $32 million dollars over an alleged 5,000 stolen bitcoin. The dispute dates back to 2012 when the twins gave Shrem $250,000 to buy bitcoin for them.

The lawsuit alleges that Shrem only delivered $189,000 worth of bitcoin, and retained the other $61,000 worth. This equates to 5000 or so bitcoin, valued at over $32 million at today's prices.

A judge (the same one who presided over his 'Silk Road' trial), last month froze some of Shrem's financial assets. This order has now been lifted, and Shrem can start buying expensive things again.

$32 Million Dollar Man

Shrem has recently been on quite a spending spree, acquiring Maseratis, power boats, and a $2 million Florida property. This raised the twins suspicions and pre-empted the lawsuit, which noted that:

Either Shrem has been incredibly lucky and successful since leaving prison, or - more likely - he 'acquired' his... holdings with the appreciated value of the 5,000 Bitcoin he stole...

The brothers hired an investigator who allegedly found 5000 bitcoin, transferred in 2013 through wallets associated with Shrem. The transfers went to Xapo and Coinbase, and it was these funds Shrem held with these companies, which were previously frozen.

Charlie Shrem: First Step to Complete Vindication

Shrem and his lawyer vehemently deny the claims made in the lawsuit and called this latest ruling the first step to complete vindication.

Shrem claimed that he never owned the 5,000 bitcoin, and asked for the case to be thrown out. He said that the bitcoin belonged to a prominent industry figure who he did not name.

Despite requests to 30 institutions for information, the twins' lawyers have so far only identified assets valuing $10. They said, "We do not have to show that he is actually hiding assets, although we believe he is."

Shrem's lawyer said that the lawsuit is a dispute over $61,000, which he agreed to hold in escrow pending the trial. The trial date is set for June 17.

Who do you believe in this case between the Winklevoss twins and Shrem? Share your thoughts below! Images courtesy of Shutterstock, Bitcoinist archives

11/09/2018 / 14:00:55 Source: bitcoinist

Bitcoin | News | News teaser | | BTC|Regulation
BTC
1 BTC=$4,567.32
XRP
1 XRP=$0.4448
ETH
1 ETH=$136.37
XUC
1 XUC=$3.29
BCH
1 BCH=$264.98
EOS
1 EOS=$3.87

News Feed 50

Cryptoinsider Neutral - Airdrops reconsidered: free XLM on Blockchain’s Wallet read more.
11/21/2018 / 15:41:49
Livebitcoinnews Neutral - IBM and Columbia University Launch Blockchain Accelerator Programs read more.
11/21/2018 / 15:30:49
Cryptoglobe Negative - #Ethereum (ETH) Price Analysis – November 21 read more.
11/21/2018 / 15:30:00
Blokt Neutral - Coinbase Reopens Bitcoin Cash [BCH] Trading With Prices Sharply Lower read more.
11/21/2018 / 15:19:48
Coindesk Neutral - In First Since 2015, Bitcoin’s Price Is Testing a 200-Week Average read more.
11/21/2018 / 15:15:16
Financemagnates Neutral - Manhattan Rich Kid Steals Cryptocurrency from Silicon Valley Executive read more.
11/21/2018 / 15:14:32
Cointelegraph Neutral - Crypto Mining Firm Giga Watt Files for Bankruptcy, Faces Eviction in Washington County read more.
11/21/2018 / 15:05:00
Blokt Neutral - Brief Respite from Bitcoins Bearish Price Movements read more.
11/21/2018 / 15:04:26
Themerkle Negative - Coinbase Officially Declares BCHABC to be the Only Bitcoin Cash read more.
11/21/2018 / 15:00:01
Cryptoglobe Neutral - BitPay's Merchants Can Now Settle Transactions With Paxos Standard Token (PAX) read more.
11/21/2018 / 15:00:00
Themerkle Neutral - Dogecoin Price Rally Postponed as all Markets Face Another Slump read more.
11/21/2018 / 14:50:28
Cryptopotato Neutral - Crypto Technical Analysis: Head and Shoulders Pattern, Triangles and Wedges read more.
11/21/2018 / 14:46:54
Trustnodes Neutral - There’s No “Let’s Be Evil” Button on the Blockchain Says Edward Snowden read more.
11/21/2018 / 14:42:48
Ccn Neutral - ‘Crypto Bubble Went Bust for Good’: Bitcoin-Bashing NYU Prof. Nouriel Roubini read more.
11/21/2018 / 14:38:04
Bitcoin.Com Negative - Bitcoin Isn’t Volatile – the World Is read more.
11/21/2018 / 14:30:29
Cryptoglobe Negative - #XRP Price Analysis – November 21 read more.
11/21/2018 / 14:30:00
Blokt Neutral - Paxos and BitPay Partner to Add PAX Support for Global Bitcoin Payment Service read more.
11/21/2018 / 14:29:10
Cointelegraph Neutral - Blockchain Capital Exec: Bear Markets ‘Do Bear Things,’ but BTC Has ‘Gigantic’ Potential read more.
11/21/2018 / 14:15:00
Cointelegraph Neutral - 21-Year Old American Purported SIM Swapper Arrested for Alleged Theft of $1 Mln in Crypto read more.
11/21/2018 / 14:05:00
Coindesk Neutral - Four More ICOs Hit with Cease-and-Desists by Colorado Securities Regulator read more.
11/21/2018 / 14:00:57
Cryptoglobe Neutral - XRP Struggles to Keep up With Big Gainers as Crypto Market Adds $6 Billion read more.
11/21/2018 / 14:00:39
Bitcoinist Neutral - Bitcoin Price Bounces as Cryptocurrency Market Sees Relief Rally read more.
11/21/2018 / 14:00:39
Newsbtc Neutral - What Could Have Caused The Year’s Biggest Crypto Crash? read more.
11/21/2018 / 14:00:14
Blokt Neutral - TransferWise Currently Not Interested in Blockchain Technology Until More Banks Use Ripple read more.
11/21/2018 / 13:59:08
Ccn Neutral - Bitcoin Price Rises From $4,050 to $4,560 Amid Extreme Volatility Following Bakkt Delay read more.
11/21/2018 / 13:42:22
Livebitcoinnews Neutral - VanEck Subsidiary Launches Bitcoin US OTC Spot Index read more.
11/21/2018 / 13:30:00
Cryptoglobe Neutral - #Bitcoin (BTC) Price Analysis – November 21 read more.
11/21/2018 / 13:30:00
Blokt Neutral - Regulators Investigate Last Year’s Record Highs for Bitcoin, Did Tether Prop up the Market? read more.
11/21/2018 / 13:29:52
Cointelegraph Neutral - Japanese Banking Giant, Others Donate $800K for Blockchain Course at University of Tokyo read more.
11/21/2018 / 13:20:00
Financemagnates Neutral - Singapore Sees First Bitcoin Trial: Were Bitcoin Trades Reversed? read more.
11/21/2018 / 13:16:26
Newsbtc Neutral - “Crypto King”: Bear Market Aside, Bitcoin (BTC) Still Has Inherent Value read more.
11/21/2018 / 13:00:56
Coindesk Neutral - Bitcoin Mining Firm Giga Watt Declares Bankruptcy Owing Millions read more.
11/21/2018 / 13:00:30
Ccn Neutral - Singapore’s First Legal Trial Over Bitcoin Trading Disputes Began Today read more.
11/21/2018 / 13:00:18
Blokt Neutral - Coinbase Announces It’s Attending the AWS re:Invent Conference in Las Vegas Next Week read more.
11/21/2018 / 12:59:46
Cointelegraph Neutral - South Korea Science, Food Ministries to Use Blockchain for Tracing Beef Supply Chain read more.
11/21/2018 / 12:56:00
Bitcoin.Com Neutral - SEC Investigates Salt Lending’s ICO, Huobi Advises Russian Bank on DLT read more.
11/21/2018 / 12:30:38
Cryptoglobe Neutral - Head of Digital Asset at Susquehanna on Bitcoin: 'Every Great Idea Is Volatile' read more.
11/21/2018 / 12:30:00
Blokt Neutral - Bitcoin Inches Back up After Falling 23.8% in 2 Days; Sets New Record Low for 2018 read more.
11/21/2018 / 12:29:43
Coinspeaker Neutral - Paxos Standard Stablecoin Wins a Spot at BitPay on Its Way Towards Broader Usage read more.
11/21/2018 / 12:25:36
Cryptonewsreview Neutral - CoinGeek boss proposes truce in Bitcoin Cash war that would see the end of BCH read more.
11/21/2018 / 12:08:54
Coinspeaker Neutral - Amid Crypto Market Sharp Downturn, Traditional Stock Markets Seem to Collapse as Well read more.
11/21/2018 / 12:05:23
Cointelegraph Neutral - Ex-SEC Commissioner and Investment Banking Veteran Join Bitfury Team read more.
11/21/2018 / 12:02:00
Coindesk Negative - The Crypto Insurance Market May Total $6 Billion. That’s Nowhere Near Enough read more.
11/21/2018 / 12:00:35
Newsbtc Neutral - ICOs Yet to Liquidate All of Their Ethereum, Could Another Drop be Imminent? read more.
11/21/2018 / 12:00:19
Livebitcoinnews Neutral - VeChain Based eSports Start-up Plair Raises $22 Million in ICO read more.
11/21/2018 / 12:00:13
Cryptoglobe Neutral - Spain's Authorities Aim to Collect Taxes from 15,000 Cryptocurrency-related Businesses read more.
11/21/2018 / 12:00:00
Financemagnates Neutral - Cryptology Launches Margin Trading & P2P Lending Services read more.
11/21/2018 / 11:44:03
Ccn Neutral - Singapore Exchange Reveals Expectations For Listed Companies Conducting ICOs read more.
11/21/2018 / 11:42:57
Cointelegraph Neutral - South Korea: Messaging Giant Kakao to Attract Crypto Investments in Singapore read more.
11/21/2018 / 11:31:00
Blokt Neutral - Make-A-Wish Website Infected With Cryptojacking Malware CoinImp Via Dupalgeddon 2 Vulnerability read more.
11/21/2018 / 11:29:35
Negative
3.9%
Neutral
94.8%
Positive
1.2%
Mixed
0.1%

Latest comments:

4 min
Hey Sam, how is it going? But I must explain to you how all this mistaken idea of denouncing of a pleasure and praising pain was born
3 min
Pretty good. Doing my homework.. No one rejects, dislikes, or avoids pleasure itself, because it is pleasure, but because
2 min
Any chance to go out? To take a trivial example, which of us ever undertakes laborious physical exercise, except to obtain some advantage
2 min
.. Maybe 40-50 mins. I don't know exactly. On the other hand, we denounce with righteous indignation and dislike men who are so beguiled
1 min
Anyway sounds great! These cases are perfectly simple and easy to distinguish.