21 May 2023

A husband was caught hiding 12 bitcoins from his ex wife during divorce proceedings

A photo representation of the Bitcoin event, A husband was caught hiding 12 bitcoins from his ex wife during divorce proceedings

In May 2023, a remarkable case unfolded in New York, where a woman named Sarita, engaged in divorce proceedings, uncovered her husband’s clandestine financial activities involving Bitcoin. Sarita, who had been married for a decade, grew suspicious of her husband’s asset declarations, considering his annual income of $3 million. Her instincts led her to initiate a meticulous investigation that spanned half a year, during which she employed a forensic accountant to delve into the matter.
 

The investigation revealed that her husband had concealed a substantial amount of wealth in the form of 12 bitcoins, valued at approximately $500,000, in an undisclosed wallet. This discovery was not only shocking due to the amount but also because it highlighted the sophisticated methods individuals might employ to hide assets during legal disputes following the creation of this new technology.


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