Wife finds husband’s Bitcoin stash amid divorce proceedings

Blockchain

The divorce proceedings of a New York couple took a turn after a forensic accountant helped track down the husband’s 12 Bitcoin (BTC) stash, which he intended to hide from his wife.

The couple in question were married for 10 years, but the man’s wife suspected that her husband did not reveal all his assets, which would get split between the two following their divorce. The housewife — addressed pseudonymously as Sarita — revealed to CNBC that her husband was earning $3 million annually, which was not reflective of his declared assets.

The woman appointed a forensic accountant, who eventually found that her husband failed to declare 12 BTC — worth roughly $500,000 — stored in an undisclosed crypto wallet. Having no clue about the Bitcoin investment, Sarita stated:

“It was never even a thought in my mind because it’s not like we were discussing it or making investments together. It was definitely a shock.”

As a result, the woman’s husband will have to part ways with some of his BTC holdings. Tracking crypto investments is easier than its fiat counterparts, considering that blockchain technology preserves all transactions and does not allow external factors to modify or delete entries.

Check out Cointelegraph’s article on blockchain to learn more about the underlying technology that makes Bitcoin possible.

Related: Australian ‘Big 4’ bank begins trial for cryptocurrency payment blocks

Contrastingly, one of the latest crypto innovations, the metaverse, has become a popular place for couples worldwide to tie the knot.

Since 2021, countless couples have gotten married in metaverse-based virtual venues, allowing family members and friends to witness the joyous occasions.

Magazine: ‘Moral responsibility’: Can blockchain really improve trust in AI?

Articles You May Like

Sterling Gains Slightly as UK Inflation Accelerates; Euro Struggles Despite Wage Surge
US Dollar goes nowhere while G20 is set to meet on Ukraine this week
Lowe’s beats on earnings and hikes guidance, but still expects sales to fall this year
Learn with ETMarkets: How to trade in crude oil amid market volatility?
UK November CBI trends total orders -19 vs -27 prior

Leave a Reply

Your email address will not be published. Required fields are marked *