The famous Winklevoss twins are back in the headlines for their investment and involvement in the world of Cryptocurrency, however this time, the twins are not likely going to celebrate anything. The New York Time has reportedly learned that the twins have sued an ex-convict and cryptocurrency investor Charlie Shrem for stealing around 5,000 bitcoins back in 2012. Well, 5,000 bitcoins roughly value around $32 million as of today.
The Winklevoss Capital Fund sent $250,000 in 2012 to purchase some bitcoins on its behalf, but Shrem delivered around $189,000 worth of bitcoins according to the price during that time. In time, the figure was lost in a more significant dispute over investment in BitInstant, but as of now, the value of bitcoin has become quite incredibly important.
Cameron Winklevoss had revealed that the lawsuit was initiated when they got aware of the spending spree of Shrem after leaving prison for selling bitcoin to the drug buyers of Silk Road. Last year, Shrem bought a house in Florida which values $2 million along with two Maseratis and two powerboats, given the fact that Shrem went to prison almost broke. According to the lawsuit he purchased the things mentioned above using those bitcoins.
The investigator of the case has reportedly backed up the case of the twins’ by stating that 5,000 bitcoins were apparently transferred to the bitcoin wallets using the cryptocurrency address which is linked to Shrem.
The attorney of Shrem has denied the allegations made in the lawsuit and on the other hand, he claimed that ” nothing could be further from the truth.” Shrem’s attorney has also promised that Shrem will constantly with vigour defend himself. The statement made by Shrem’s attorney will not be deterring the moves taken by Winklevoss twins.
The Winklevoss twins possess around a billion dollars in the cryptocurrency industry.
