Charlie Shrem Contests Winklevoss Lawsuit

Charlie Shrem Contests Winklevoss Lawsuit

According to Shrem, he did not steal 5,000 BTC from the twins

In referencing the accusation, Shrem’s lawyer, Brian E. Klein, remarked that his client ‘committed no misconduct’. And Shrem claims the money he has came from roughly 6 months working at a Pennsylvania restaurant.

After I was released from prison, I had a net worth of less than $100,000 and worked for approximately six months at a restaurant in Pennsylvania.

Charlie Shrem

Documentation Submitted by Shrem

Shrem and his lawyer submitted documents regarding the 5,000 BTC supposedly stolen from the Winklevosses. Shrem states in one of the documents (an affidavit) that the wallet holding the coins is owned by another individual. Shrem said he helped this person, in 2012, transfer the coins to a cold storage. He maintains after that he did not have access to the said coins.

Shrem provided two other documents to show the movement of the transaction as recorded by Blockchain. According to the transaction record, in 31 December 2012, the 5,000 BTC was transferred twice, in and out of a wallet linked to Shrem.

The Lawsuit

The lawsuit was filed by Tyler and Cameron Winklevoss in September but was unsealed only last October. The suit alleged that Shrem failed to return the full $750,000 entrusted to him by the twins to buy BTC.

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