Asked by: Salesa Quintavalleasked in category: General Last Updated: 8th June, 2020
Why did the Winklevoss twins sue Mark?
Beside this, how much did the Winklevoss twins settle for?
Tyler and Cameron Winklevoss, who famously won a $65 million settlement from a lawsuit against Facebook in 2011, later used some of that money to purchase what they said was $11 million worth of bitcoin in 2013. That was about 1% of all bitcoin in circulation at the time.
Secondly, do the Winklevoss twins still own Bitcoin? In April 2013, the Winklevoss twins together held $11 million in bitcoin priced at $120 a coin. That month, The New York Times reported the twins' bitcoin holdings were worth about $1.3 billion and that they held an additional $350 million in other cryptocurrencies like Ethereum.
Subsequently, one may also ask, did The Winklevoss Twins win the lawsuit?
Cameron and Tyler Winklevoss won $65 million from the Facebook lawsuit, and invested $11 million of their payout into Bitcoin in 2013, amassing one of the largest portfolios of Bitcoin in the world — 1 percent of the entire currency's dollar value equivalent, said the twins at the time.
Why did the Winklevoss twins sue Facebook?
Winklevoss twins. In 2008, the Winklevoss brothers settled for $65 million in a case where they sued Facebook founder Mark Zuckerberg for stealing their ConnectU idea to create Facebook back in 2004. The Winklevoss twins are venture capitalists and led a seed-funding round for Bitcoin payment processor BitInstant.