• 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
  • Login
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

  • Neutrogena Will 3D Print Personalized Face Masks

    Neutrogena will 3D print personalized face masks

  • Youtube Is Testing A Cheaper Premium Lite Subscription Tier

    YouTube is testing a cheaper Premium Lite subscription tier

  • Jeff Bezos Steps Down As Amazon Ceo After 27 Years

    Jeff Bezos steps down as Amazon CEO after 27 years

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

Join The Discussion: 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

Recent Stories

  • How to Watch Nvidia, Microsoft, and AMD’s Computex 2022 keynotes
  • YouTube Music App Now Lets You Play the Music on Wear OS
  • Netflix’s Long-term Subscribers are Canceling the Netflix Subscription
  • Google Announces New Features of Google Maps at Google I/O
  • Apple Releases iOS 15.5 Ahead of Annual Developer Conference
best chair covers

Best chair covers on Amazon for 2022

A photo of Samsung smartphones

The best smartphones to look out for post lockdown

Screenshot of How to open classic control panel system of Windows 10

How to open the classic System Control Panel screen on Windows 10

how to save battery android

Complete Guide to Save Battery on Android (2022)

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 © 2022 · 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