The Winklevoss twins have filed a lawsuit against infamous BitInstant founder Charlie Shrem. They claim the Bitcoin (available on Coinbase) investor stole 5,000 Bitcoin (available on Coinbase)s from them in 2012.

Winklevoss Twins Lawsuit

According to the New York Times, Shrem made several lavish purchases in 2018 that caught the attention of the Winklevoss twins. They filed a civil suit against him, convinced that Shrem made these purchases—which include a $2 million house and luxury cars—using the Bitcoin (available on Coinbase)s he had stolen from them in 2012.

Shrem Worked for the Winklevoss Twins Before Lawsuit

The twins hired Shrem in 2012. Tasked with building up a cryptocurrency stockpile, he had access to thousands of dollars to purchase Bitcoin (available on Coinbase).

At this point in time, Bitcoin (available on Coinbase) was worth around $12 per coin.

The Winklevoss twins’ lawsuit claims that around $60,000 worth of Bitcoin (available on Coinbase) was never accounted for. At approx $12 per coin, this value meant around 5,000 Bitcoin (available on Coinbase)s. However, 5,000 Bitcoin (available on Coinbase)s in today’s market is worth roughly $30 million.

At that value, the Winklevoss twins have decided to push forward on the matter even though it has been a contentious issue between the parties for several years.