Around $500,000 worth of Bitcoin will now be split as part of a divorce.
Pedestrians walk past a display of cryptocurrency Bitcoin on February 15, 2022 in Hong Kong, China. Cryptocurrencies are gaining popularity worldwide as investors seek to diversify into the new asset class despite wild swings in the valuations of assets like Bitcoin and Ethereum in the first weeks of the year.
The man tried to hide his cryptocurrencies. Sadly, his wife, with the help of her forensic accountant, was able to track down his cryptocurrencies.
Sarita (not the woman's real name) and her husband have been married for around 10 years. Unfortunately, they decided to divorce.
Now, Sarita claims that her husband, who allegedly earns $3 million per year, doesn't reveal all his assets.
With her efforts, she was able to confirm that her man is actually hiding his Bitcoin stash.
$500,000 Worth of Bitcoin Will Now Be Split as Part of Divorce!
According to Coin Telegraph's latest report, Sarita and her forensic accountant discovered that the man has 12 undeclared Bitcoin.
A visual representation of the digital Cryptocurrency, Bitcoin on December 07, 2017 in London, England. Cryptocurrencies including Bitcoin, Ethereum, and Lightcoin have seen unprecedented growth in 2017, despite remaining extremely volatile. While digital currencies across the board have divided opinion between financial institutions.
These cryptocurrencies are stored in an undisclosed crypto wallet.
Sarita said that although she is familiar with Bitcoin and other cryptocurrencies, she doesn't have a deep understanding of them.
"It was never even a thought in my mind, because it's not like we were discussing it or making investments together," said the housewife via CNBC.
Since she and her husband are not really talking about investing in cryptocurrencies, Sarita was shocked to discover that her man actually has $500,000 worth of Bitcoin.
The man's Bitcoin stash is expected to be split as he and his wife part ways.
Is Crypto Easier To Track Than Fiat Money?
Financial experts said that tracking cryptocurrencies are easier compared to tracking down fiat money.
This is because crypto offers more transparency; digital coin transaction records are put on a public ledger.
One of the reasons why cryptocurrencies offer better transparency is to prevent money laundering, fraud, and other similar crimes.
Since crypto is very easy to track, forensic investigators are now offering services to people who are having a divorce.
Here are other stories we recently wrote about cryptocurrencies:
Recently, an investigation into money-laundering crypto schemes was confirmed by India.
Meanwhile, security experts warned that hackers are stealing cryptocurrencies from AT&T emails.
For more news updates about cryptocurrencies, always keep your tabs open here at TechTimes.
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