Wife Finds Husbands Bitcoin Stash During Divorce Case

Wife Finds Husband’s Bitcoin Stash During Divorce Case

A New York couple’s divorce proceedings took a turn after a forensic accountant helped track down the man’s stash of 12 bitcoin (BTC) he was trying to hide from his wife.

The couple in question had been married for ten years, but the man’s wife suspected that her husband did not disclose all of his assets, which would be divided between the two after the divorce. The housewife — addressed by the alias Sarita — revealed to CNBC that her husband was making $3 million a year, which didn’t match his declared net worth.

The woman hired a forensic accountant, who eventually found that her husband had failed to declare 12 BTC — worth about $500,000 — stored in an unnamed crypto wallet. Sarita had no idea about bitcoin investing and explained:

“I never thought of that because it’s not like we’re discussing it or investing together. It was definitely a shock.”

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

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

Related: Australia’s ‘Big 4’ bank begins trial over cryptocurrency payment bans

In contrast, one of the latest crypto innovations, the Metaverse, has become a popular spot for couples around the world to tie the knot.

Since 2021, countless couples have married in Metaverse-based virtual locations, allowing family members and friends to witness the happy events.

Magazine: Moral Responsibility: Can Blockchain Really Boost Trust in AI?