Bitcoin News

The Winklevoss Twins Have $1 Billion, Yet They Are Trying To Destroy Charlie Shrem Over A $60,000 Discrepancy

Charlie Shrem was one of the first Bitcoin millionaires, after turning a Bitcoin dealing business into a full-on cryptocurrency exchange called BitInstant. His high-volume transactions painted a target on his back, and the Department of Justice locked him up in prison from 2014-2016. Charlie Shrem lost everything, and was a mere dishwasher after he got out of prison. He managed to get himself back on his feet though, but now the Winklevoss Twins are trying to shoot him down over a $60,000 discrepancy during a Bitcoin deal from 7 years ago.

The Winklevoss Twins are some of the only Bitcoin billionaires in the whole world, and Charlie Shrem played a critical role in turning them into billionaires by getting them interested in Bitcoin, and then selling them $750,000 of Bitcoin way back in 2011 when Bitcoin’s price was around $10.

On one of the payments for $250,000, Charlie Shrem supposedly only sent the Winklevoss Twins $189,000, a $61,000 discrepancy. Due to the volatile nature of Bitcoin’s price, this discrepancy can possibly be explained by daily price movements, especially since it took a month for Charlie Shrem to obtain the Bitcoins.

The Winklevoss Twins assert that Charlie Shrem owes them 5,000 Bitcoins worth $28 million as of 16 November 2018. However, the fact is only $61,000 of fiat currency is in question, something Charlie Shrem could easily afford even if the claim is not valid due to price fluctuations at the time of sale. This is only 11 Bitcoins, versus 5,000 Bitcoins.

It is absurd that the Winklevoss Twins are trying to destroy Charlie Shrem now that his life is back together, after he got locked up due to unfair Bitcoin regulations. The Winklevoss Twins do not need $28 million from Charlie Shrem, they already have $1 billion, and an extra $28 million from Charlie Shrem has no use to them. They are holding a grudge and trying to prove a point over a contentious Bitcoin deal 7 years ago.  If the Bitcoin deal really was a crime, they would have sued him back then.

GenesisBlockNews hopes this case ends up in the trash bin where it belongs. After all Charlie Shrem did for Bitcoin he deserves a second chance, and should not be shot down by a couple of billionaires. This is a microcosm of what is going on in the entire crypto space. The rich are stomping on the little guys, and taking away all of our crypto rights.

 

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