Wife discovers husband's hidden Bitcoin during divorce proceeding - page 5.

beerlover

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Quote from: irhact on May 23, 2023, 04:11:26 AM

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.

Marriage has lost its value in our society ever since divorce was introduced into marriages, now woman just get married so they can divorce and get half of the mans wealth and go to spend it with some undeserving lazy man that didn't work and hustle when his fellow men were hustling to get their wealth. I don't blame the man for hiding his Bitcoin, he was keeping it to help him recover.

The man shouldn't give up his Bitcoin, the wife can take half of every other thing but his Bitcoin should be his investment for the future and not to be destroyed by the wife. If the wife takes the Bitcoin, she'll just sell them and waste the money as most divorce wifes do.

This is such a terrible and disgusting thought, I can't believe that someone could ever even consider this let alone outright talk about it. You are saying that WOMEN, as in you are saying an ENTIRE gender, marries men and then divorces them just for their money.

You are basically putting a blame on an entire gender for doing something wrong, this isn't about men or women, it's all about the person and individual. Plus, if the law states that people need to share half and half whatever they earned together when they were married, and him hiding it to not pay up, and you think that woman in this situation is the wrongful one? I am sorry but anyone who doesn't this man to pay up, doesn't know what marriage means, the moment you decide you want to marry someone, you agree that 50% of whatever you earn while together, belongs to her, if you disagree, don't marry, if you do marry, you already accepted this deal.

tjtonmoy

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Rules are the rules. If you marry someone and the law says that you have to split all your assets during the divorce process, then it's not surprising to see that the spouse wanted the half of it. But if you really want to hide your holdings, then do it the right way. How can someone know for sure that you own Bitcoin? It's decentralized and should be out of other's reach if you can keep it safe in a private wallet.
However, that's just simple knowledge on how you should keep your bitcoins. But if legally she deserves the half of it, then that man is bound to give it to her.

South Park

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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?

In a way it is natural that under those circumstances the spouse which is bound to lose more from the divorce to try to hide some of their assets, this is nothing new, the only difference is that now bitcoin is being used to try to achieve that goal, however unless the person which wants to do this can hide their interest in this market completely from their other spouse then sooner or later their stash will be found out and they will get in a lot of trouble.

passwordnow

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Quote from: Queentoshi on May 22, 2023, 07:43:39 AM

Quote from: passwordnow on May 22, 2023, 07:29:12 AM

There's the intention of this guy not to declare it and thought that his ex-wife wouldn't find it out.

Being that she has found out, the law in her country may demand she gets half of it as well. It will really be hurtful to the man Because he must have been very disciplined in investing and keeping his Bitcoins to have that amount of bitcoins stashed somewhere. That is a habit he has already developed fully unlike his wife who may have little idea about bitcoins and will most predictable end up using it all. The man will be able to get more bitcoins and grow his wallet status back, but for the woman, she will not.

That's right but he has got no choice since they've been married before and he's married to the woman while he's getting and accumulating those Bitcoins. And probably that as per the law says, they're still conjugal with any investment that man is taking.
Thus, he has to split that into two half-half for both of them and the woman for sure will just have no sense of giving importance to it and might just spend that as soon as she receives it, while the man who patiently saved those Bitcoins might get more because of his discipline.

bluebit25

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People often say that after marriage, husband and wife should trust each other and be transparent about their assets, but I think there will be a lot of couples who will not follow that. We all have our own secrets that we do not want to reveal, even when husband and wife are together. Some people will say that you are not respectful, but maybe everyone's situation is different and you don't understand anything. So it's best not to comment at all. As for this incident, I see that the decision on whether or not the property is divided depends on whether the husband has it before or after. And it is not wrong for the wife to want to divide the property in half because this is a citizen's right after marriage.

Litzki1990

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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.

Ojima-ojo

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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.

CryptoHeadlineNews

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Quote from: demonica on May 23, 2023, 03:30:54 AM

I'm not an expert in this field but can she really get the half of it? The husband can deny that he owns it. There's no proof to prove that he's the owner of it unlike other assets where it has their name on it.

I don't think there is any way he could have denied ownership of those 12 bitcoins that was traced by the forensic expert, because from what stated in the article, the husband's credit card was traced to have been buying Bitcoin on "Coinbass", which is a centralized exchange which keep record of all transactions, of which I think they may have consulted "Coinbase" with a court order for investigation, and it was granted, of which they got to realised the sum total of bitcoin that was involved. Which is why it's not advisable keeping your funds on an exchange wallet, but a non-custodial wallet such as "Bluewallet or Electrum"

terencio

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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

imamusma

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Quote from: puloweh555 on May 23, 2023, 12:13:27 PM

Quote from: Z390 on May 22, 2023, 02:37:07 PM

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In their country, they implement a civil law system known as "separation of property" where each husband and wife can retain their own property that they owned before marriage and whatever they acquire during marriage remains their personal property. In this system, not all property has to be divided equally. I think her husband kept the bitcoins with his own assets, his wife knew what the husband kept so he hired a forensic expert.

There are also countries such as mine which implement a civil law system called "sharing of joint property", where property acquired during marriage is considered joint property and must be divided equally between spouses upon divorce.

I think it's important for her husband to find relevant information about the civil law that applies in his country. so that during an incident like that he can take back his bitcoin which is 12 BTC without having to divide it in half.

The point is there are differences in law and provisions related to this case. However, cases like this may not be new even though the assets owned are different (bitcoin). There have been many divorces before where the wife would get 50% of the property from the husband including digital assets like stocks or others. Bitcoin is also a digital asset that has high selling value, so it is also a property that the husband's side should not hide.

Okay, the husband may be dishonest by saying that the bitcoins he has have run out for whatever reason, but as long as the wife still believes that the bitcoins still exist and can be proven, of course, 50:50 split will be demanded. This is not an uncommon case, but something can be learned.

puloweh555

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Quote from: Z390 on May 22, 2023, 02:37:07 PM

I'm wondering how the woman know about the Bitcoin? Maybe the man told her woman and he forget ever telling her? Men needs to wise up because women are not playing around, whatever brings money into a man's life, women are going to be very attentively about it, all women knows is money, they don't joke with money. Cheesy

The same. I also think like you, maybe my husband once told his wife about bitcoin. so when the divorce his wife also wanted to get a share of the bitcoin.

Quote

I don't want to know how hard you work hard to obtain your Bitcoin, if you are in a country where the law is in support of splitting husband properties into half when divorce comes you have no choice but to do it, men, be wise.

In their country, they implement a civil law system known as "separation of property" where each husband and wife can retain their own property that they owned before marriage and whatever they acquire during marriage remains their personal property. In this system, not all property has to be divided equally. I think her husband kept the bitcoins with his own assets, his wife knew what the husband kept so he hired a forensic expert.

There are also countries such as mine which implement a civil law system called "sharing of joint property", where property acquired during marriage is considered joint property and must be divided equally between spouses upon divorce.

I think it's important for her husband to find relevant information about the civil law that applies in his country. so that during an incident like that he can take back his bitcoin which is 12 BTC without having to divide it in half.

Reid

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I wish my wife will never learn about cryptocurrencies. JK. But I do sense she is reading something about it although she never asked me about it yet. I always say: "You have your gold accessories, I have my cryptoccurencies." Whatever happens to us, it will go to the kids. Never ever that we argue about our possession, and I don't think we will be on the point of divorce like on the example or for whatever reason to be on court.
For the rich people who love jumping from one woman to another, this must be done. Grin

coolcoinz

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Quote from: memeyrich on May 23, 2023, 11:48:07 AM

Prenup, guys. No matter how nice she seems, no matter how much you're crazy about her, no matter how supportive and good she seems, ask for a prenup to be signed if you're situated individual.

If she is with you because she loves YOU for you, she wont have any issues with prenup. If she isn't, she'll give you shit and make you feel bad about it. Stay safe, gents

It doesn't change anything in their case because he didn't have these bitcoins before marriage. He bought them later, when he was earning his 3 million a year.
AFAIK a prenup only makes it clear as to what they had as their own assets and assets that belonged to their families, but income earned during marriage is split.
The law even separates the property into personal property (protected by the prenup) and joint property (that gets divided).
BTC was bough with the money the husband earned during marriage, which is why she had the right to pursue it.

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Quote from: memeyrich on May 23, 2023, 11:48:07 AM

Prenup, guys. No matter how nice she seems, no matter how much you're crazy about her, no matter how supportive and good she seems, ask for a prenup to be signed if you're situated individual.

If she is with you because she loves YOU for you, she wont have any issues with prenup. If she isn't, she'll give you shit and make you feel bad about it. Stay safe, gents

It becomes too unforgiving when you got kids. Just giver her what she deserves, split it after all you can earn it all soon after the bull run and you can double your holdings again.

Does anybody thinks of working as a Cryptocurrency forensic expert already? Seem a new job that is in demand soon for many of the users who knows how to investigate and follow that chain. It would sound good to introduce yourself as Crypto Forensic Expert Cheesy

Eternad

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

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?

This is why prenup is important if you have some undisclosed assets to your partner that you save when you are single. This kind of asset like Bitcoin is supposed to be not split if earned it long time ago.

But on this narrative, The husband use Bitcoin to save some of his assets that supposedly split since it’s considered as both party property because pf the money being use. He is trying to cheat on assets split since he know that the marriage is already cold. Actually, tracking crypto assets now are very easy especially on country like US that crypto are needed to be tax and track for the IRS report.

The husband deserves that bust since he wants to take away the money that earned within the marriage span.

memeyrich

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Prenup, guys. No matter how nice she seems, no matter how much you're crazy about her, no matter how supportive and good she seems, ask for a prenup to be signed if you're situated individual.

If she is with you because she loves YOU for you, she wont have any issues with prenup. If she isn't, she'll give you shit and make you feel bad about it. Stay safe, gents

xSkylarx

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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.

Obari

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Funny story and I think most of these women are now taking marriage as an investment scheme and I pity for men for fall into these mess of a thing.
The man was smart but not enough and I think he might at the end if proven to be in possession of such be asked to split his hodlings which isn't right 🤔

Just like the case of the footballer, hakimi was way too smart and acted so fast and I also believe that most men must have learnt one or two lessons from the entire incidence and acted upon it.
People should learn how to protect what they own and also learn how to protect their marriages rather than seeking a divorce and I think the law should make it fair that splitting wealth should be a very concrete bases and not just for the sake of marriage.

Rockstarguy

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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.

JayTrain

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It's not uncommon for financial assets to become a contentious issue during divorce proceedings, and cryptocurrency is no exception. The case you mentioned highlights the importance of transparency and disclosure in financial matters, especially when it comes to shared assets like Bitcoin. This situation serves as a reminder that trust and communication are key in any relationship, and it's wise to plan for the unexpected by considering how to handle cryptocurrency and other assets in case of unforeseen circumstances.

Topic: Wife discovers husband's hidden Bitcoin during divorce proceeding - page 5. (Read 1050 times)