June 15, 2024

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Wife discovers husband's stash of bitcoin amid divorce proceedings

Wife discovers husband’s stash of bitcoin amid divorce proceedings

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

The couple in question had been married for 10 years, but the man’s wife suspected that her husband had not disclosed all of his assets, which would be split between the two after their divorce. The housewife – addressed by a pseudonym as Sarita – open told CNBC that her husband was making $3 million a year, which doesn’t reflect his stated assets.

The woman hired a forensic accountant, who eventually found her husband had failed to declare 12 bitcoins β€” worth about $500,000 β€” stored in an undisclosed crypto wallet. Sarita stated that he had no clue about investing in bitcoin:

β€œIt was never an idea in my mind because it wasn’t 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 with some of his bitcoin holdings. Tracking cryptocurrency 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 experimenting with banning cryptocurrency payments

By contrast, one of the latest cryptographic innovations, the Metaverse, has become a popular place for couples all over the world to tie the knot.

Since 2021, countless couples have married in virtual settings based on the metaverse, allowing family members and friends to witness the happy occasions.

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The Journal: “Ethical Responsibility”: Can Blockchain Really Improve Trust in AI?