• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
TechEngage®

TechEngage®

Technology news and opinions

  • Tech News
  • Reviews
  • How-to
  • Roundups
  • Science
    • Energy
    • Environment
    • Health
    • Space
  • Apps
  • More
    • Opinion
    • Noteworthy
    • Culture
    • Blockchain
      • Cryptocurrency
    • Events
    • Deals
    • Startups
      • Startup Submissions
  • Videos
TechEngage » News » World of Tech

Bitcoins of worth $32 million Robbed!

Avatar Of Areen Zahra Areen Zahra Updated: December 28, 2019

Bitcoin
Photo by Andre on Unsplash

Winklevoss twins once again jumped into the affairs of cryptocurrency realm. But, this time they are not here to reveal their achievements.

Winklevoss twins have acknowledged the report by New York Times that the sued crypto investor and an ex-convict Charles Shrem , is alleged of stealing 5,000 bitcoins in 2012.

Current worth of 5,000 bitcoins is roughly around $32 billion. The twin brothers elaborated that the Winklevoss Capital Fund spent $250,000 in 2012 to buy bitcoins from Shrem BitInstant. But, the Winklevoss Capital received Bitcoins of worth $189,000 only. The amount difference is huge.

Cameron Winklevoss quoted the lawsuit that was incited against Shrem for selling bitcoins to Road Drug buyers.

It is further reported that, in the previous year, Shrem bought a Florida house of worth $2 million, two power boats and two Maserati. According to the lawsuit, he made these purchases with the amount from stolen bitcoins. The lawsuit further emphasized that Shrem did not stand by the terms of services of the cryptocurrency business. However, Shrem’s post-prison acts did not make to the limelight or got any hype until now.

The investigator supported the twin’s case after validating the proofs against Shrem. Further, the investigation results revealed that 5,000 bitcoins were transferred to a bitcoin wallet that belonged to Shrem.

Shrem’s attorney has strongly denied all the allegations stated in the lawsuit. He claimed that “nothing could be further from the truth.” He said that Shrem would “vigorously” defend himself in this matter.

Both the parties are firm and expecting the lawsuit decision in their favor. However, the twin brothers Winklevoss seem to be more confident than the opponent party. Winklevoss’s proofs and strong arguments have frozen some of the Shrem’s funds. Also, they are determined to provide solid proofs against Shrem in the future proceedings too.

What do you think, will Bitcoins retain its position in the market? Share your views and stay tuned for more updates!

This post was orginally published on: November 5, 2018 and was updated on: December 28, 2019.

Related Tags: Bitcoins Cryptocurrency

Related Stories

  • Mit’S Health Sensor Will Show Even The Tiniest Of Anomalies!

    MIT’s health sensor will show even the tiniest of anomalies!

  • We Still Lack Adequate Evidence About The Usefulness Of Police Body Cameras

    We still lack adequate evidence about the usefulness of police body cameras

  • Two Examples Of Assistive Tech And Devices For People With Disabilities

    Two examples of assistive tech and devices for people with disabilities

Avatar Of Areen Zahra

Areen Zahra

Former Technology Writer

IT professional and a passionate writer who enjoys putting my love of technology into words for a general audience.

Reader Interactions

Share Your Thoughts Cancel reply

Please read our comment policy before submitting your comment. Your email address will not be used or publish anywhere. You will only receive comment notifications if you opt to subscribe below.

Primary Sidebar

Become a contributor

We are accepting contributor applications. All applications will be decided in 3 days after applying. To learn more click here.
TechEngage-Apple-News
TechEngage-Google-News
An Image of a Best Wi-Fi Hotspot on Amazon

Best mobile Wi-Fi hotspots on Amazon for 2023

Roadtrip gadgets on Amazon

Tech gadgets and essentials for a road trip

Recent Stories

  • Apple strengthens account security with hardware keys support
  • 10 Best Messenger Apps in 2023
  • Essential Netflix tips and tricks 2023
  • How to lock Netflix profiles in 2023
  • Best laptop cooling pads to buy on Amazon in 2023

Footer

Discover

  • About us
  • Newsroom
  • Staff
  • Advertise
  • Send us a tip
  • Startup Submission Questionnaire
  • Brand Kit
  • Contact us

Legal pages

  • Reviews Guarantee
  • Community Guidelines
  • Corrections Policy and Practice
  • Cookies Policy
  • Our Ethics
  • Disclaimer
  • GDPR Compliance
  • Privacy Policy
  • Terms and Conditions

Must reads

  • Best AirPods alternatives on Amazon
  • Best PC monitors for gaming on Amazon
  • Best family board games
  • Best Graphics Cards (GPUs) for gaming
  • Best video doorbells without subscription
  • Best handheld video game consoles
  • Best all-season tires for snow
  • Best mobile Wi-Fi hotspots
  • Best treadmills on Amazon
  • Best AM radios for long-distance reception

Download our apps

TechEngage-app-google-play-store

Copyright © 2023 · All Rights Reserved · TechEngage® is a Project of TechAbout LLC.
TechEngage® is a registered trademark in United Kingdom under Trademark Number UK00003417167 and is ISSN protected under the ISSN 2690-3776 and OCLC Number 1139335774.

Go to mobile version