The former chief executive of BitInstant Charlie Shrem called a lawsuit by Tyler and Cameron Winklevoss’s Winklevoss Capital Fund a "scandalous and fantastical story," and urged a U.S. judge to throw it out. The Winklevosses sued Charles Shrem for fraud, alleging that he had used part of their 2012 investment of $750,000 in BitInstant to buy 5,000 bitcoins ($BTC) for himself. The bitcoins would be worth $32 million today.