The case of the Winklevoss Twins and Charlie Shrem which we have covered many times in our crypto news achieved another twist when the New Your District Court decided that the twins should pay Shrem $45,000 in legal fees as part of the still ongoing lawsuit.
The court ruled in favor of Shrem after he filed a motion to retrace his legal fees. However, the twins asked from the court not to grant the motion for Shrem saying that he was only charged a minimum amount. The court rejected the claims and the ruling further reads:
“…plaintiff is liable ‘for all costs and damages, including reasonable attorneys’ fees’ where the plaintiff is granted an attachment and later found unentitled to that attachment.”
Shrem was jailed for money laundering after he laundered more than $1 million in Bitcoin through the now inoperative bank Silk Road and was sued by the twins who accused him of stealing about 5,000 bitcoin in 2012. They claimed that Shrem has spent the tokens which now would have achieved a price of $17 million.
Winklevoss noticed that after the partnership with Shrem, he had not delivered the cryptocurrencies as he promised. This is why they decided to try and recover the missing funds and bury the hatchet and even ended up investing in Shrem’s crypto exchange Bitinstant. However, a few months later, Shrem’s exchange fell apart and he went to prison but when he came out, he was insanely rich.
This is when the twins started their legal proceeding and tried to get the tokens that Shrem owned them. The battle started in 2012 and has ended just a few days ago. Shrem, of course, denied all allegations.
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The Real Satoshi Nakamoto To Be Revealed By John McAfee
‘’I protected the identity of Satoshi. It's time, though, that this be put to bed. Imposters claim to be him, we are spending time and energy in search of him - It's a waste. Every day I will narrow down the identity of Satoshi until he reveals himself, or I reveal him.’’One of the reasons why the bitcoin price was fluctuating and got so many people interested in it’s because of the anonymity of the real Satoshi Nakamoto. The creator of the cryptocurrency is still unknown despite many traders, analysts or businessmen claim to be him. It appears that Craig Wright is claiming to be the creator of BTC for quite some time now. McAfee is getting frustrated as we can see so he wants the truth to come out. People around the world are wondering if McAfee does really know the identity of the real Satoshi Nakamoto because of his background. Many are concerned that this kind of news could affect the price of the cryptocurrency to tumble down. This can also be one of the conspiracy theories as we have previously reported in our altcoin news. The reason why this story is important is that the success of Bitcoin cannot be attributed to a single person yet. The story about the identity of the real Satoshi Nakamoto was centered on his/hers wallet. There are thousands of BTC coins still untouched and if we get to see some action in the wallet, this could be one of the solid proofs for the founder to communicate with the rest of the crypto community. This, of course, has not happened yet. John McAfee is known to stir a lot of attention around him. He got the attention once when he said he would run for a president. However, he has now launched a countdown so we are yet to see if he was serious or just playing.
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Ex Mt.Gox CEO Mark Karpeles Refuses Brock Pierce’s Claims Of Rebooting The Exchange
“As far as I know no agreement was reached within 45 days, nor did the court and the trustee approve such an agreement. We were working with our lawyers at the time in good faith to follow the terms defined there but failed to hear back from Sunlot after they assured they were working on this, including assisting in getting approval from the court.”Another problem appeared when Pierce claimed that his initiative could start the creditor recovery after he claimed that the entire problem could be settled within a year rather than the 5 years it would take under the wing of the Tokyo attorney Nobuaki Kobayashi. Karpeles continued:
“As to distributing assets faster than the trustee, I haven't heard at this point anything that would make this possible from Gox Rising [sic]. The published plans seem to imply reviving Mt. Gox and creating a lot of complex legal structures which may take time to happen.”Karpeles pleaded not guilty in his trial but was eventually charged for embezzlement of $3 million from Mt.Gox.
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