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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