Charlie Shrem Allowed Out of House Arrest for Bitcoin Documentary Premiere

Arrested bitcoin exchange pioneer Charlie Shrem is to be allowed to attend a film premiere in New York.

Apr 23, 2014 at 3:03 a.m. UTC
Updated Sep 11, 2021 at 10:42 a.m. UTC

Bitcoin entrepreneur Charlie Shrem will gain temporary reprieve from months of house arrest this week as he attends a premiere at New York City's Tribeca Film Festival.

Although he wasn't able to provide specific details surrounding his release or attendance at the event, Shrem confirmed to CoinDesk that he would attend the launch of the documentary 'The Rise and Rise of Bitcoin', in which he appears.

over money laundering allegations in January, Shrem has protested his treatment, saying he had been cooperating with authorities in their investigations into bitcoin's shadier uses.

Since then, Shrem has been under house arrest at his parents' property in Brooklyn. Although free to talk to the media, he has not been allowed out to attend or speak at events – including the New York Department of Financial Services (NYDFS) hearings into digital currencies at which he was due to testify on the day after his arrest.

Exchange pioneer

In 2013, Shrem ran BitInstant, an early bitcoin exchange that raised $1.5m in seed funding led by Winklevoss Capital in May that year, before it ceased online operations two months later. BitInstant was not mentioned in Shrem's initial indictment in January.

He has been accused of facilitating purchases on the now-defunct Silk Road marketplace for advising customers on how to exchange currency for bitcoins, and was indicted on federal money laundering charges on 15th April.

"The Rise and Rise of Bitcoin" by programmer and filmmaker Nicholas Mross follows bitcoin's progress over its short history, and features interviews with various bitcoin personalities from the period, including Mt. Gox's Mark Karpeles.

The film's first screening will take place at the SVA Theater on Manhattan's W 23rd St at 5.30pm (Eastern time) on Wednesday 23rd April.

The Festival for the Decentralized World
Thursday - Sunday, June 9-12, 2022
Austin, Texas
Save a Seat Now

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Trending

1
Breaking Barriers to the Web 3 Creator Economy

The latest innovations in blockchain technology are enabling creators to earn more from their work and achieve an unprecedented level of autonomy.

The latest innovations in blockchain technology are enabling creators to earn more from their work and achieve an unprecedented level of autonomy.

2
How Not to Run a Cryptocurrency Exchange

At Japan's Liquid exchange, recently acquired by FTX, warnings were ignored, breaches unreported and employees berated and cursed at, insiders say.

At Japan's Liquid exchange, recently acquired by FTX, warnings were ignored, breaches unreported and employees berated and cursed at, insiders say.

3
Morgan Stanley Warns NFTs Next to Watch After UST Collapse, Bukele Announces Mega Banks Meeting in El Salvador

The most valuable crypto stories for Monday, May 16, 2022.

The most valuable crypto stories for Monday, May 16, 2022.

4
First Mover Asia: Metaverse ETFs Are Underperforming Gaming ETFs; Cryptos Return to the Red

Public interest continues to grow about the metaverse, but not as much in metaverse ETFs. Does crypto belong in everything?

Public interest continues to grow about the metaverse, but not as much in metaverse ETFs. Does crypto belong in everything?