Home News Bitcoin Winklevoss Twins Ordered to Pay $45000 as Legal Fees to Charlie Shrem

Winklevoss Twins Ordered to Pay $45000 as Legal Fees to Charlie Shrem

February 08, 2019 11:38
Source: Bitcoin Exchange Guide
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Months after, Charlie Shrem, who is an early bitcoin adopter and is the founder of the Bitcoin Foundation, secured a victory against the Winklevoss twins, a court has ordered the latter to pay $45,000 as Shrem’s legal fees.

If readers may recollect, the Winklevoss twins had accused Shrem of stealing 5000 bitcoins and had taken him to court. Responding to the allegations,  in a document which was filed with the U.S. District Court for the Southern District of New York, the bitcoin entrepreneur had called the twins’ charges of him stealing 5000 bitcoin as “dead wrong” and argued against the prejudgement motion of freezing some of his assets.


At the time, after securing a victory, Shrem’s lawyer, Brian Klein,  had said most of his client’s holdings are in real estate and the value of his cryptocurrency investments has “shrunk dramatically” since he made those statements about his assets. He said the lawsuit is a dispute over $61,000, which he agreed to place in escrow should his client lose the case. Klein called Thursday’s ruling an important first step toward Shrem’s “complete vindication.”

Now, new court documents state that the Winklevoss twins have been ordered to pay back $45,000 in legal fees incurred by entrepreneur Charlie Shrem as part of an ongoing lawsuit that alleges he failed to broker a series of promised cryptocurrency purchases on their behalf.

The court said, “On October 2, 2018, the Court granted the ex parte motion of plaintiff Winklevaus Capital Fund, LLC ( WCF ) for pre-judgment attachment of assets belonging to
defendant Charles Shrem. Dkt. 30. On November 8, 2018, after receiving full briefing and
oral argument from both sides, the Court denied WCF’s motion to confirm the order of
attachment and lifted the attachment already in place. Dkt. 52. Now before the Court is Shrem’s motion pursuant to Rule 6212(e) of the New York Civil Practice Law and Rules
(N.Y.C.P.L.R.) for attorneys fees and costs that he incurred in opposing WCF’s motion for confirmation of the attachment. For the reasons stated below, Shrem will be awarded attorneys fees in the amount of 44,986.80, and costs in the amount of $1,053.

Citing the CoinDesk article, Shrem tweeted about it saying, “Winklevoss Ordered to Pay $45K Worth of Charlie Shrem’s Legal Fees”

We’ll keep you updated once there is more news on the matter.

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