Bitcoin entrepreneur Charlie Shrem will gain temporary reprieve from months of house arrest this week as he attends a premiere at New York Cityâs Tribeca Film Festival.
Although he wasnât 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 âThe Rise and Rise of Bitcoinâ, in which he appears.
Arrested publicly over money laundering allegations in January, Shrem has protested his treatment, saying he had been cooperating with authorities in their investigations into bitcoinâs shadier uses.
Since then, Shrem has been under house arrest at his parentsâ property in Brooklyn. Although free to talk to the media, he has not been allowed out to attend or speak at events â 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.
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 Shremâs 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.
âThe Rise and Rise of Bitcoinâ by programmer and filmmaker Nicholas Mross follows bitcoinâs progress over its short history, and features interviews with various bitcoin personalities from the period, including Mt. Goxâs Mark Karpeles.
The filmâs first screening will take place at the SVA Theater on Manhattanâs W 23rd St at 5.30pm (Eastern time) on Wednesday 23rd April.