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Does your ex have Bitcoin wallets?

On Behalf of | May 6, 2022 | Divorce

Bitcoin is certainly not the only type of cryptocurrency out there. There are hundreds of different coins to choose from, and cryptocurrency in general has become very popular over the last few years. Millions of dollars move through different wallets and exchanges every day.

One problem that this has created is that people have begun to see this as a way to hide their assets. They know that Bitcoin and other types of cryptocurrency are not traditionally regulated. They’re also very difficult to track down, and they’re a type of digital asset that many people don’t have a great understanding of to begin with. This makes them the ideal place to stash assets that they don’t want to be discovered during the divorce.

One of the key things that you want to do is simply to know whether or not your spouse has invested in Bitcoin. It may be difficult to find out if they have any wallets digital wallets or not, but you should be able to see any transfers from your bank account into a Bitcoin trading platform.

What if they are hiding assets?

Your spouse is supposed to disclose all the assets they have in the divorce proceedings, and that means telling the court – and you – about the cryptocurrency that they’ve purchased. If you find evidence that they have been neglecting to do so or willfully keeping this information to themselves, then you need to know about all of the legal options that you have at your disposal. There are steps that you can take to get the assets you’re entitled to, no matter what form they’ve been converted into by your ex.