Court Orders Winklevoss Twins to Pay Out $45,000 in Legal Fees to Charlie Shrem

Charlie Shrem, the founder of the Bitcoin Foundation, will receive around $45,000 in legal costs from Tyler and Cameron Winklevoss as part of an ongoing lawsuit. According to an official document from the U.S. District Court of the Southern District of New York, Judge Jed S. Rakoff ruled that Charlie Shrem should be reimbursed for his legal fees.

The ruling is the latest development in the lengthy legal process between the Charlie Shrem and Tyler and Cameron Winklevoss. The two have accused Shrem of stealing 5,000 Bitcoin from them in 2012.

The Winklevoss twins had instigated an investigation and asset freeze on Shrem in 2013 after they accused him of spending the funds on luxury properties and exotic cars. Shortly before the accusations arose, Shrem was released from prison after serving a year for his role in the dark web marketplace Silk Road.

Shrem’s lawyer, Brian Klein, said that they are glad that the judge ruled for Charlie and ordered Winklevoss Capital to reimburse him for the legal fees he incurred during the process of overturning the $30 million attachment order from the Winklevosses.

The case, however, is still not over, as an official trial by jury is scheduled for April 8, 2019.

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