Judge Lifts Order to Freeze Charlie Shrem’s Assets in Winklevoss Case

Cryptocurrency

Judge Lifts Order to Freeze Charlie Shrem’s Assets in Winklevoss Case

Judge Lifts Order to Freeze Charlie Shrem’s Assets in Winklevoss Case

Early bitcoin supporter and entrepreneur Charlie Shrem has won his first battle in an ongoing lawsuit filed against him by Tyler and Cameron Winklevoss and their firm, Winklevoss Capital Fund.

According to a court document filed Thursday by federal Judge Jed Rakoff, of the U.S. District Court for the Southern District of New York, a $30 million attachment initially granted against Shrem was lifted after a hearing earlier in the day.

The attachment order, which was granted on Oct. 2 but remained under seal until Oct. 26, allowed the U.S. Marshal for the Southern District to freeze assets belonging to Shrem.

The order included instructions for Xapo, Coinbase, Poloniex, Bittrex and other exchanges and financial institutions to freeze any assets up to 5,000 bitcoin or their equivalent value that they had in their possession which belonged to Shrem.

Not that there would have been much to freeze from those companies. Coinbase, Xapo, Digital Asset Holdings, Branch Banking and Trust Company, Noble Markets and ItBit all submitted statements saying they did not have any funds belonging to Shrem, while Poloniex (part of Circle Internet Financial) said it held $0.41 in bitcoin in an account belonging to Shrem, and Bittrex held roughly $4.44 combined in bitcoin and a fork currency called bitcoin gold.

“After careful consideration, the Court denies plaintiff’s motion to confirm the order of attachment and therefore lifts the attachment currently in place, effective immediately,” Judge Rakoff wrote Thursday.

“An opinion explaining the reasons for this ruling will issue in due course,” he added, though he did not provide a timeline for when that opinion may be issued. No further documents were publicly available as of press time.

Brian Klein, an attorney representing Shrem, told CoinDesk via email that the ruling “is an important first step towards [Shrem’s] complete vindication.”

“We are very pleased the judge ruled in [Shrem’s] favor, dissolving the $30 million-plus attachment order after he heard extensive argument from both sides earlier today,” he wrote.

Going to trial

The matter is not ending, however: a separate filing indicates that the case will proceed to a jury trial on April 8, 2019.

A case management plan notes that the parties to the case have until Nov. 15 to amend any pleadings, request documents and file any questions they may have.

The plan further notes that expert witnesses must submit any legally mandated disclosures by February or March, depending on whether they intend to support a claim or oppose a claim, respectively.

Cameron and Tyler Winklevoss, as well as the Winklevoss Capital Fund, did not immediately respond to a request for comment.

The Winklevoss Capital Fund sued Shrem in September, alleging he withheld 5,000 bitcoin he was supposed to purchase on behalf of the Winklevoss brothers. This suit was unsealed in late October.

Winklevoss brothers image via JStone / Shutterstock

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Source link

Have any Question or Comment?

Leave a Reply

Categories

Judge Lifts Order to Freeze Charlie Shrem’s Assets in Winklevoss Case
Judge Lifts Order to Freeze Charlie Shrem’s Assets in Winklevoss Case
Judge Lifts Order to Freeze Charlie Shrem’s Assets in Winklevoss Case
Judge Lifts Order to Freeze Charlie Shrem’s Assets in Winklevoss Case
Judge Lifts Order to Freeze Charlie Shrem’s Assets in Winklevoss Case
Judge Lifts Order to Freeze Charlie Shrem’s Assets in Winklevoss Case
Judge Lifts Order to Freeze Charlie Shrem’s Assets in Winklevoss Case
Judge Lifts Order to Freeze Charlie Shrem’s Assets in Winklevoss Case
Judge Lifts Order to Freeze Charlie Shrem’s Assets in Winklevoss Case
Judge Lifts Order to Freeze Charlie Shrem’s Assets in Winklevoss Case
Judge Lifts Order to Freeze Charlie Shrem’s Assets in Winklevoss Case
Judge Lifts Order to Freeze Charlie Shrem’s Assets in Winklevoss Case
Judge Lifts Order to Freeze Charlie Shrem’s Assets in Winklevoss Case
Judge Lifts Order to Freeze Charlie Shrem’s Assets in Winklevoss Case
Judge Lifts Order to Freeze Charlie Shrem’s Assets in Winklevoss Case
Judge Lifts Order to Freeze Charlie Shrem’s Assets in Winklevoss Case
Judge Lifts Order to Freeze Charlie Shrem’s Assets in Winklevoss Case
Judge Lifts Order to Freeze Charlie Shrem’s Assets in Winklevoss Case
Judge Lifts Order to Freeze Charlie Shrem’s Assets in Winklevoss Case
Judge Lifts Order to Freeze Charlie Shrem’s Assets in Winklevoss Case
Judge Lifts Order to Freeze Charlie Shrem’s Assets in Winklevoss Case
Judge Lifts Order to Freeze Charlie Shrem’s Assets in Winklevoss Case
Judge Lifts Order to Freeze Charlie Shrem’s Assets in Winklevoss Case
Judge Lifts Order to Freeze Charlie Shrem’s Assets in Winklevoss Case
Judge Lifts Order to Freeze Charlie Shrem’s Assets in Winklevoss Case

Arts & Entertainment


Architecture
Art
Body Art
Dance
Fashion
Film & Television
General
Humor
Magic Tricks
Music
Photography
Radio
Theater

Business / Investing


Careers, Industries & Professions
Commodities
Debt
Derivatives
Economics
Equities & Stocks
Foreign Exchange
General
International Business
Management & Leadership
Marketing & Sales
Outsourcing
Personal Finance
Real Estate
Small Biz / Entrepreneurship

Computers / Internet


Databases
Email Services
General
Graphics
Hardware
Networking
Operating Systems
Programming
Software
System Administration
System Analysis & Design
Web Hosting
Web Site Design

Cooking, Food & Wine


Baking
BBQ
Cooking
Drinks & Beverages
General
Recipes
Regional & Intl.
Special Diet
Special Occasions
Vegetables / Vegetarian
Wine Making

E-business & E-marketing


Affiliate Marketing
Article Marketing
Auctions
Banners
Blog Marketing
Classified Advertising
Consulting
Copywriting
Domains
E-commerce Operations
E-zine Strategies
Email Marketing
General
Market Research
Marketing
Niche Marketing
Paid Surveys
Pay Per Click Advertising
Promotion
SEM & SEO
Social Media Marketing
Submitters
Video Marketing

Employment & Jobs


Cover Letter & Resume Guides
General
Job Listings
Job Search Guides
Job Skills / Training

Fiction


General

Games


Console Guides & Repairs
General
Strategy Guides

Green Products


Alternative Energy
Conservation & Efficiency
General

Health & Fitness


Addiction
Beauty
Dental Health
Diets & Weight Loss
Exercise & Fitness
General
Meditation
Men's Health
Mental Health
Nutrition
Remedies
Sleep and Dreams
Spiritual Health
Strength Training
Women's Health
Yoga
Dietary Supplements

Education


Admissions
Educational Materials
Higher Education
K-12
Student Loans
Test Prep & Study Guides

Home & Garden


Animal Care & Pets
Crafts & Hobbies
Entertaining
Gardening & Horticulture
General
Homebuying
How-to & Home Improvements
Interior Design
Sewing
Weddings

Languages


Arabic
Chinese
English
French
German
Hebrew
Hindi
Italian
Japanese
Other
Russian
Sign Language
Spanish
Thai

Mobile


Apps
Developer Tools
General
Ringtones
Security
Video

Parenting & Families


Divorce
Education
Genealogy
General
Marriage
Parenting
Pregnancy & Childbirth
Special Needs

Politics / Current Events


General

Reference


Automotive
Catalogs & Directories
Consumer Guides
Education
Etiquette
Gay / Lesbian
General
Law & Legal Issues
The Sciences
Writing

Self-Help


Abuse
Dating Guides
Eating Disorders
General
Male Dating Guides
Marriage & Relationships
Motivational / Transformational
Personal Finance
Public Speaking
Self Defense
Self-Esteem
Stress Management
Success
Time Management
Survival

Software & Services


Anti Adware / Spyware
Background Investigations
Communications
Dating
Developer Tools
Digital Photos
Drivers
Education
Email
Foreign Exchange Investing
General
Graphic Design
Hosting
Internet Tools
MP3 & Audio
Networking
Operating Systems
Other Investment Software
Personal Finance
Productivity
Registry Cleaners
Reverse Phone Lookup
Screensavers & Wallpaper
Security
System Optimization
Utilities
Video
Web Design
3D Printing

Newsletter

Enter your email to receive news and updates from this blog
X
%d bloggers like this: