Cryptocurrency News

Wife finds husband’s Bitcoin stash amid divorce proceedings

9a57fcc5 3bdd 4b8b 9e78 4d1fe50a1c97



9a57fcc5 3bdd 4b8b 9e78 4d1fe50a1c97

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.

She appointed a forensic accountant, who eventually found that the 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 husband will have to part ways with some of his Bitcoin holdings. Tracking down crypto investments is easier compared to 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

On the other end of the spectrum, the latest crypto innovations such as the Metaverse has been widely adopted by couples across the world 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?