[UPDATED] Crypto Pioneer Charlie Shrem Fights Back The Accusations Of Stealing 5,000 Bitcoins

A few days ago in our crypto news, we posted the story of Charlie Shrem who is accused of stealing 5,000 bitcoins from the first bitcoin billionaires Cameron and Tyler Winklevoss.

At that time, Shrem’s lawyer Brian Klein did not provide the public with an answer or a statement but just two days ago he responded that the 5,000 Bitcoins in question belong to a certain ‘’Mr.X’’ and therefore the lawsuit is nonsense.

According to Klein, Shrem made no wrongdoing whatsoever and that this lawsuit is only an ‘’ambush money-grab’’ in order to damage Shrem financially.

As DC Forecasts crypto news site reported, the Gemini founders had given Shrem more than $200,000 to help them invest in Bitcoin. They say that approximately $60,000 of those funds Shrem used to purchase BTC for himself that are now worth about $30 million.

The twins pointed out the lavish lifestyle Shrem was living and noted that he had no money when he went to prison three years ago. Shrem was accused of selling cryptocurrency to people who intended to purchase drugs on the dark web marketplace.

For this reason, the twins hired a private investigator that then discovered that a bitcoin wallet that received 5,000 BTC from an address associated with Shrem.

Klein on the other hand, claims that these funds belong to Mr. X who asked help from Shrem in order to move his coins into cold storage. He then sent the funds to Shrem’s bitcoin address.

 “Nor can WCF prove Shrem engaged in any misconduct. He did not. Shrem can show by verifiable evidence that he did not take the 5,000 bitcoins WCF accuses him of taking and that they belonged to Mr. X. Shrem, therefore, did not breach any duty to WCF, even if one were found to exist.”

Both sides are going to meet in court tomorrow Nov. 8.