Earlier this month, the NY Times reported that the crypto-famous Winklevoss twins have accused Bitcoin (available on Coinbase) Foundation founder Charlie Shrem of Bitcoin (available on Coinbase) fraud. The Winklevoss lawsuit has now turned into a heated battle between both parties.

Winklevoss Lawsuit

According to the report by the NT Times, Shrem made several lavish purchases in 2018, that caught the attention of the Olympian twins. The pair filed a civil lawsuit against Shrem accusing him of stealing thousands of Bitcoin (available on Coinbase) from them in 2012.

“Either Shrem has been incredibly lucky and successful since leaving prison, or—more likely—he ‘acquired’ his six properties, two Maseratis, two powerboats and other holdings with the appreciated value of the 5,000 Bitcoin (available on Coinbase) he stole from” the Winklevoss twins in 2012, the lawsuit states.

The lawsuit claims the Winklevoss twins worked with Shrem on a previous project before he served one year in jail for purchasing drugs with Bitcoin (available on Coinbase). The filing claims that Shrem stole 5000 Bitcoin (available on Coinbase)s from the twins in 2012, that were worth $13 at the time. Now, the coins are valued at around $32 million.