Wife discovers husband's hidden Bitcoin during divorce proceeding - page 4.

tokentitan

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Quote from: dothebeats on May 22, 2023, 04:50:18 AM

This is why you do not disclose your crypto stash to someone else, not even your spouse unless you trust them with your life or you believe that they aren't with you just for the money. The last one is very difficult to prove especially nowadays that a lot of people only want to exist and be showered with affection and pampered with material things. That is why I do not really agree to speed dating up to a marriage, not unless you know your soon-to-be spouse since childhood and you are sure that they won't flip the switch if it ever comes to that.

Hopefully though, the husband gets to keep whatever crypto he has for himself. It's bullshit that your spouse get to keep half of what you built way even before you guys met while the other doesn't really help add any value to your life in case you get separated.

100% agree there is nothing as a perfect love and soul mate, so be wiser and do not disclose everything especially your mobile and finances. Show some extra affection and they want to control your life itself. Money is power it should be in your pocket not your wifes pocket.
When it comes to personal gains even childhood buddies are known to hoodwink you. Do not believe me? Just browse Google News.
Else one learns the harder way. So better stay safe stay single.

Xampeuu

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Quote from: YUriy1991 on May 23, 2023, 11:24:54 PM

Very interesting to follow regarding the distribution of assets, including crypto assets such as Bitcoin. I think this can be a complex issue as well. If an asset is not disclosed during the divorce process and is discovered later it can affect the process of sharing the property together.

My point of view, in seeing this, I see more about the next journey after which if they have family members, in this case they have children. I think this step is right in the context even though the wife is from among those who are proficient or not familiar with crypto and it is worth fighting for and done fairly because it will help meet the needs of their children. they also have rights, for example the smallest right to get a proper education up to university.

during this process, of course, there will be a distribution of assets, but currently many countries have not legalized bitcoin, so if you still use cryptocurrency, the law will be weak. but before entering into that realm of course there will be mediation between husband and wife, moreover if you have children, of course both parents will still love their children, and this can be useful for their children's future. it is difficult in such a situation, but of course all problems will have a way out, so both of them have to lower their respective egos

Victorik

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Quote from: terencio on May 23, 2023, 12:55:16 PM

Wow, that’s a fascinating story. I think hiding crypto assets from one’s spouse is dishonest and unfair, especially during a divorce. I also think that spouses should have some knowledge of each other’s crypto dealings and seed phrases, in case of emergencies or inheritance issues. Wink

A very fascinating story indeed. But I don't think hiding crypto currency from one's spouse is dishonesty.
You can't just go about announcing to your wife or husband that I just bought this or that coin. sometimes, you might not even consider it necessary to relate such information to them, not because you want to cheat them.

Victorik

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Quote from: Rockstarguy on May 23, 2023, 11:09:10 AM

Quote from: Victorik on May 22, 2023, 04:23:03 AM

Personally, I find this story very interesting and I would appreciate if you can keep us posted.
However, I think this will be a very tough but for the judge to crack. What if the man deny ownership of this BTC.
Bottom line is that this case can go either way.

The case is very complicated one , bitcoin and blockchain is so different from from fiat and the banking system that has people's full details and identity in the system. Blockchain can only give details of transactions but can't give full identity of anyone,. The man can actually deny ownership of the wallet because their is no evidence to prove that the wallet belongs to him.

So in this case it will be difficult for the woman to claim a share from it. She can only share physical properties of her husband own by his name.
From this case I can see another benefit of bitcoin which the law do not have power or judgment over it. Their is no evidence that the husband own the wallet. She can only share his money that is in the bank or other investment with prove that is backed with the court of law.

My thoughts exactly. There's no evidence to prove that the Bitcoin belongs to the man because unlike a bank account that carry you name, I am sure the wallet doesn't bear the man's name and as such you can't really pin it to him.
She can't really win this. But I wonder why people just want to be greedy.

YUriy1991

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Very interesting to follow regarding the distribution of assets, including crypto assets such as Bitcoin. I think this can be a complex issue as well. If an asset is not disclosed during the divorce process and is discovered later it can affect the process of sharing the property together.

My point of view, in seeing this, I see more about the next journey after which if they have family members, in this case they have children. I think this step is right in the context even though the wife is from among those who are proficient or not familiar with crypto and it is worth fighting for and done fairly because it will help meet the needs of their children. they also have rights, for example the smallest right to get a proper education up to university.

LittleBitFunny

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Quote from: kotajikikox on May 23, 2023, 11:03:06 PM

Quote from: sokani on May 22, 2023, 01:29:04 AM

Hi guys!
I have come across a topic here that emphasized on the need to disclose one's Bitcoin dealings and seed phrase to his/her spouse incase something bad and unexpected like death comes knocking on the door, the husband or wife can have access to the funds and claim it.

Well... This story is quite different. A husband hid his crypto assets from his wife amid divorce saga, the wife had her suspicion, then hired a forensic expert who found out that during the splitting of the property, the husband failed to declared his 12 BTC stashed somewhere in an undisclosed wallet. She's now asking that the Bitcoin be splitted into two.

https://www.cnbc.com/amp/2023/05/20/bitcoin-in-divorce-how-spouses-hide-assets-crypto-hunters-find-them.html

Looks like some of the married folks are getting smarter... They don't want to be left in the dark, but are going out to get it themselves through crypto hunters. What's your thoughts on this?

even How smarter he is , still he did not managed to Hid everything from His wife lol .

Bitcoin is the best place to hide everything from another party even if this is our wife/husband but the way I see this? it looks like they are having a problem long ago this is why hiding happens .

because if they are not facing issues , i see no reason why they need to come across this case.

Me and my wife has no problem about me holding bitcoin and this saves us from any money issues because she knew that everything in my holding is for Her and our children .

It's terrible to have decided to get married, but we live in suspicion, hiding from each other. For those who are supporting this guy and if you are not married, you should carefully consider what your purpose of marriage is because when you are married, you will always trust and share everything with each other. Greed and lies have no place in marriage, and that will make your marriage soon break up.

I also hold a lot of bitcoin, but it's not something I value more than my wife and kids. If I lose them, I will never find them, but with bitcoin, as long as I keep working hard, owning bitcoins is too easy.

Poker Player

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Quote from: kotajikikox on May 23, 2023, 11:03:06 PM

Me and my wife has no problem about me holding bitcoin and this saves us from any money issues because she knew that everything in my holding is for Her and our children .

That is the logical decision, especially if bitcoin has a clear legal origin. For people who can't prove the origin because for example they mined it in the past and don't have the logs, or bought it P2P paying in hand, or saved it from signature campaigns without declaring them, the issue is a bit more complicated.

In those cases there are people who choose to hide it from his wife because it is something that can be turned against him in a potential divorce case.

kotajikikox

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Quote from: sokani on May 22, 2023, 01:29:04 AM

Hi guys!
I have come across a topic here that emphasized on the need to disclose one's Bitcoin dealings and seed phrase to his/her spouse incase something bad and unexpected like death comes knocking on the door, the husband or wife can have access to the funds and claim it.

Well... This story is quite different. A husband hid his crypto assets from his wife amid divorce saga, the wife had her suspicion, then hired a forensic expert who found out that during the splitting of the property, the husband failed to declared his 12 BTC stashed somewhere in an undisclosed wallet. She's now asking that the Bitcoin be splitted into two.

https://www.cnbc.com/amp/2023/05/20/bitcoin-in-divorce-how-spouses-hide-assets-crypto-hunters-find-them.html

Looks like some of the married folks are getting smarter... They don't want to be left in the dark, but are going out to get it themselves through crypto hunters. What's your thoughts on this?

even How smarter he is , still he did not managed to Hid everything from His wife lol .

Bitcoin is the best place to hide everything from another party even if this is our wife/husband but the way I see this? it looks like they are having a problem long ago this is why hiding happens .

because if they are not facing issues , i see no reason why they need to come across this case.

Me and my wife has no problem about me holding bitcoin and this saves us from any money issues because she knew that everything in my holding is for Her and our children .

spectre71

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The take away is that marriage is bullshit these days (In America) don't ever get married unless she is worth more than you and if you do heavy on the prenup. The law and courts are heavily hell bent for the female, always.

You are just a safe point as they look for the next best thing, with your kids and you paying for it.

xSkylarx

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Quote from: Ojima-ojo on May 23, 2023, 01:24:48 PM

Quote from: xSkylarx on May 23, 2023, 11:37:43 AM

Divorce is a sensitive topic here in our country, and there are only a few here who do it, unlike in other countries where it is almost universal. My thought on this is that your ex-wife is not your true love, as both of you are going through this, and I think this is really the case if you go to annulment. You will need to give all of your assets or keep them in half, and this is really in the law. Though hiding it through Bitcoin is a good idea, there is a chance that they wouldn't see it if you didn't leave traces.

I don't think bitcoin holding is part of assets to be considered as divorce property if the government doesn't legalize its ownership unless in some countries where bitcoin is a legal asset and covered in government policy regulations otherwise, the man has the legal right over those BTC if and when it is purchase and hold in his private wallets.

Bitcoin is a complicated object in thos situation since divorce property sharing only covers what is legally owned by both parties.

So this is the way to, like, evade some of your money from being fully received by your ex-wife, right? It is a really complicated topic right now as we don't have any laws or regulations about it. We know that bitcoin was new when it was made, and I think as long as you don't declare it, no one will notice it unless it is the same with the OP. They will hire someone just to investigate you and find out if you have another account.

rat03gopoh

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Quote from: Litzki1990 on May 23, 2023, 01:35:05 PM

Because giving away half of one's hard-earned wealth is a very bad thing for anyone.

Yeah, but that's not a problem if there's no fighting going on, even the husband is willing to give all out of love.
However, you get that wealth when you live together and definitely plan to spend it together. In the process of collecting them, husband and wife clearly play a role in each other even though people sometimes judge it as unbalanced. But a man isn't gonna bother to at least earn some stable grades when he has no family responsibilities because in fact he can even live on his own for a fraction of the cost of living.

ElmedoRator

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As a funny story that shows how the legitimacy of bitcoin or some cryptocurrencies can outperform the control of the law, sometimes we come across really tricky situations in life to realize that sometimes when the constraints in the physical world are complicated. Through this story helped me realize the superiority of bitcoin more, although not knowing the truth of the story or the complexity of the marriage story, it reminded me of some social media jokes. It is common knowledge that some people are willing to break the law and hide their assets into bitcoin after serving a sentence of many years in prison, they will become millionaires when they get out of prison.

someone703

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The husband failed to disclose his holdings of bitcoin assets, so the wife has the right to request the division of the property because it is a right and an obligation under marriage law. However, if the person's assets are inherited from his parents before marriage, the wife will not receive anything from the bitcoins that the husband holds. In general, the direction of property settlement is still in the husband's control; if he is wise, he can find a way to defend his legal assets.

panganib999

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Quote from: sokani on May 22, 2023, 01:29:04 AM

Hi guys!
I have come across a topic here that emphasized on the need to disclose one's Bitcoin dealings and seed phrase to his/her spouse incase something bad and unexpected like death comes knocking on the door, the husband or wife can have access to the funds and claim it.

Well... This story is quite different. A husband hid his crypto assets from his wife amid divorce saga, the wife had her suspicion, then hired a forensic expert who found out that during the splitting of the property, the husband failed to declared his 12 BTC stashed somewhere in an undisclosed wallet. She's now asking that the Bitcoin be splitted into two.

https://www.cnbc.com/amp/2023/05/20/bitcoin-in-divorce-how-spouses-hide-assets-crypto-hunters-find-them.html

Looks like some of the married folks are getting smarter... They don't want to be left in the dark, but are going out to get it themselves through crypto hunters. What's your thoughts on this?

Eesh... And this is why you should sign up for a prenup.

Too stupid of him though, you always must diversify lmao. So at least the slightest suspicions could be diverted by a good stray asset, and your stash of bitcoins remain untouched and secure. If all else fails just file for a prenup for god's sake. Also, too funny to see the term "financial infidelity" written by CNBC, like what the hell you hiding your money for? Plus I think this kind of problem only happens in the US lmao, so I think every peeps in this forum, besides the ones in the US should be fine and dandy soon as things between their spouses get rocky, in the Philippines for instance, we have prenup but we don't even have divorce, so all separation of assets and valuables are done in good faith only.

Anyways, that's a long read, I couldn't bother myself reading the entirety of it.

Smartvirus

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Quote from: sokani on May 22, 2023, 01:29:04 AM

Well... This story is quite different. A husband hid his crypto assets from his wife amid divorce saga, the wife had her suspicion, then hired a forensic expert who found out that during the splitting of the property, the husband failed to declared his 12 BTC stashed somewhere in an undisclosed wallet. She's now asking that the Bitcoin be splitted into two.

https://www.cnbc.com/amp/2023/05/20/bitcoin-in-divorce-how-spouses-hide-assets-crypto-hunters-find-them.html

It makes such a long read. I couldn't devote my time to reading all its proceedings but, read most of it to establish an idea on the matter.

As much as divorces isn't very popular in Africa and with most of it still living like in the medieval times when tradition serves as the law and mainly favours the men, this is one reason why you would find African men not having to disclose there finances with there spouse. The responsible once do there best to provide what's needed within the household but, never discloses what they earn. Not because they anticipate a divorce but, as a means to keep their spouse's eyes off their earnings.

It's always amazing how two persons that once professed loved to themselves in the presence of others seek divorce with such greed without contended on whatever is split.

Texac

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Quote from: Litzki1990 on May 23, 2023, 01:35:05 PM

This incident is really interesting to me and in reality if there was such a rule in my country and if the husband would have known this news just before the divorce, he would have withdrawn all his bank balance and converted it to Bitcoin. Because giving away half of one's hard-earned wealth is a very bad thing for anyone.

After spending 27 years together, Bill Gates and Melinda separated from each other in 2021. They got divorced. And in that divorce Bill Gates gave half of his net worth to his wife. I think Bill Gates would have refused to give his wife half of his net worth if he were anyone else.

You can't do it even before the divorce, the court will never accept it, and even you will be fined if there is such greed. when not officially divorced, all assets will be considered common property, and we are responsible for dividing them equally when deciding to get married.
In the case of Bill Gates and Melinda, I don't think they would hesitate to divide their assets between their spouses. they are very rich and have lived together near the end of their lives, they will not be so greedy or selfish with their spouse because, in the future, that money will also belong to their children no matter who holds it.

Finestream

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Quote from: kryptqnick on May 23, 2023, 10:03:32 AM

I think a lot depends on the kind of relationship and marriage people have. Some marriages are simply unstable, full of conflict. Some work out of convenience, mutual comfort but not mutual love or trust. So, of course, if total trust isn't a part of one's marriage, then disclosing one's BTC funds probably isn't a good idea.
From the article, it seems that what happens now depends on the state legislation, as some states have the policy of 50% of assets acquired during marriage going to a spouse, but others may not. Bitcoin is considered a digital asset (at least, by the IRS), so the court might actually oblige him to share 6 BTC.

In this case, the woman has clearly taken advantage on his soon to be ex-husband, but that’s how law works in most of the state. What the husband gets, the wife also can take half of it. So in order for this case to be closed, I think it’s a good idea for the husband to send to his wife half of his bitcoin asset. After all, he can start all over again acquiring btc even if that move will really hurt his ego.

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Quote from: Aikidoka on May 22, 2023, 06:25:19 AM

This is the first time I've heard a story like that, it appears that the wife is quite smart for hiring someone to investigate whether her husband has bitcoin or not. However it also seems that she's being greedy by wanting to split his bitcoin investment in half which amounts to a significant sum of money around 6 BTC for each of them. I think the husband should have considered sending his Bitcoin to a family member such as his mother or father in order to avoid falling into this situation. He could have learned from the case of Ahref Hakimi who faced a similar predicament with his ex-wife.

That should be the best idea I guess. If he can’t benefit the most of his bitcoin, then he should make a quick move to send his bitcoins to his loved ones or to his trusted family or friend. That way, his greedy wife will have nothing to gain from him. And talking about crypto hunter, no matter how professional he is, as long as the evidence has gone completely, then he can’t do nothing about it.

Falconer

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I'm just wondering why the husband doesn't move his bitcoin to other wallet to obscure his tracks if he wants to hide them from his wife? But he really doesn't need to because 6 bitcoin isn't that bad either.

If the wife has children, then the 6 bitcoins allocated to the wife can help her make ends meet after the divorce. Also useful for their children, so apart from the husband's responsibilities towards his children. But I don't mind the law there, it's a provision that needs to be obeyed. Even if those 12 bitcoin have to be divided in half, I think the man can also build it up better after a divorce.

Kasabus

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Quote from: dothebeats on May 22, 2023, 04:50:18 AM

This is why you do not disclose your crypto stash to someone else, not even your spouse unless you trust them with your life or you believe that they aren't with you just for the money. The last one is very difficult to prove especially nowadays that a lot of people only want to exist and be showered with affection and pampered with material things. That is why I do not really agree to speed dating up to a marriage, not unless you know your soon-to-be spouse since childhood and you are sure that they won't flip the switch if it ever comes to that.

Hopefully though, the husband gets to keep whatever crypto he has for himself. It's bullshit that your spouse get to keep half of what you built way even before you guys met while the other doesn't really help add any value to your life in case you get separated.

We all know that once you are married, those assets that you have acquired at that stage of your life will be automatically become a conjugal property between you and your wife. So whatever you have, your wife will also have half of it. However, in this story, I think it’s quite unfair for a man to share his fruit of hardwork especially if he has gained it already even before he met his wife. That’s the reason to never trust anyone easily, even your wife as you can be taken advantage by it in the future.

Topic: Wife discovers husband's hidden Bitcoin during divorce proceeding - page 4. (Read 1027 times)