Winklevoss Twin’s Lawyer Fined $15,000 Because of “Improper Behaviour” in Shrem Court Case

Back in 2018, the Winklevoss twins, Tyler and Cameron, decided to sue the founder of the cryptocurrency exchange BitInstant. According to them, they have paid to him $750,000 to purchase Bitcoin, but they received 5,000 BTC less.

At that time, the funds lost were equivalent to $61,000, nonetheless, this could have been worth more than $30 million.

Winklevoss Twin’s Layer Has to Pay $15,000

Tayler and Cameron Winklevoss are recognized entrepreneurs in the crypto and blockchain space. They are also the owners of the crypto exchange Gemini. According to Fast Company, the twins had to pay $45,000 to recoup Shrem’s legal fees for defending a motion that was rolled back. This time, Tyler Meade, the lawyer of the twins, have to pay $15,000 in fees due to “improper behaviour:”

As per the report, the lawyer made legal missteps during a deposition in February. According to Shrem’s lawyers, Meade had “obstructive behaviour” when he made objections to questions and when said to his clients not to answer several things. Thus, he now has to pay $15,000 for the wasted time of the last deposition.

Meadetoldthe judge:

“I clearly made some determinations that were incorrect, and I’m sorry for that, profoundly sorry for that.”

At the moment, it is difficult to understand how this behaviour will affect the case related to the Winklevoss twins. They have been trying to solve this issue for a long period of time, but things seem to be getting difficult for them.

Gemini is currently the 66th largest digital asset exchange in the market. In the last 24 hours, the platform handled $13.99 million in trading volume.

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