Cryptocurrency project, NIX, has announced a new addition to their team in the person of Charlie Shrem. Quoting their tweet, they stated that:

#NIX welcomes Charlie Shrem as a new addition to the team. His experience and business strategies, approach to the communities and associations and presence in many projects are of incredible value to help build the best #privacy platform.

NIX is hoping to tap from Shrem’s experience as a Bitcoin advocate and successful entrepreneur. Shrem was the founder of BitInstant, one of the first Bitcoin exchanges, and at some point, was the chairman of the Bitcoin Foundation.

Shrem on commenting about his involvement with the NIX team said:

Privacy networks are the future of crypto and I’m excited to be working with a grassroots project that built itself up without fundraising. Privacy only works if we all use it.

Mixed reactions have however trailed this announcement by the NIX team. Although some members of the community applaud Shrem’s involvement, others are skeptical about his history.

Earlier in December 2014, Shrem was convicted and sentenced to 2 years in prison for “aiding and abetting the operation of an unlicensed money-transmitting business related to the Silk Road marketplace.” In 2018, Cameron and Tyler Winklevoss sued him for owing them several thousands of Bitcoin from a previous business deal.