Judge Ends Freeze on Charlie Shrem’s Assets in Winklevoss Lawsuit

Judge Ends Freeze on Charlie Shrem’s Assets in Winklevoss Lawsuit

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November 9, 2018 by Sandra Onyeiwu
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Early bitcoin supporter and entrepreneur Charlie Shrem has won his first battle in an ongoing lawsuit filed against him by Tyler and Cameron Winklevoss and their firm, Winklevoss Capital Fund. The Winkelvoss twins- Cameron and Tyler- had filed a lawsuit against Shrem for allegedly stealing 5000 Bitcoin from against them, back in 2012. Although the
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Early bitcoin supporter and entrepreneur Charlie Shrem has won his first battle in an ongoing lawsuit filed against him by Tyler and Cameron Winklevoss and their firm, Winklevoss Capital Fund.

The Winkelvoss twins- Cameron and Tyler- had filed a lawsuit against Shrem for allegedly stealing 5000 Bitcoin from against them, back in 2012. Although the Winklevoss brothers sued Shrem in September, the matter was under a seal until October this year when the documents were made public.

The Winklevosses argue that Shrem used the Bitcoin he acquired with their money to furnish a lavish lifestyle after having served a year in prison for helping users of the now-defunct Silk Road marketplace make illegal purchases.

Shrem purportedly argues that he by no means owned the bitcoins and that they’re the valuables of an unnamed trade member.

According to Bloomberg, the Winklevoss’ attorney Tyler Meade argued that the freeze on Shrem’s property must proceed, claiming that he possessed $12 million greenbacks in cryptocurrencies, real estate holdings, and different property.

However, this is not the end of the story. Bloomberg quotes Klein as saying that the recent ruling on Shrem’s assets is the first step toward his client’s “complete vindication.” A trial has reportedly been scheduled for June 17, 2019.

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