Benzinga - Financial infidelity has taken center stage in a recent divorce case, where a New York-based housewife discovered her spouse had hidden a significant amount of Bitcoin (CRYPTO: BTC), raising eyebrows in legal and financial circles.
What Happened: According to CNBC, the wife was surprised to learn that her husband, who earned $3 million annually, didn’t have any crypto assets.
It took her half a year to find the 12 Bitcoins (worth over half a million dollars) her husband had stashed away, with the help of investigators.
See More:The Art Of The Future: Lisa Ray’s TheUpsideSpace Bring NFTs To Center Stage
Why It Matters: Tracking digital assets poses a daunting task for legal professionals and financial advisors. This is because digital assets exist largely outside the reach of centralized intermediaries like banks.
This has fueled the growth of a new niche for forensic investigators specializing in cryptocurrencies.
Nick Himonidis, a forensic investigator based in New York, told CNBC that 25% of his divorce-related cases involve some element of cryptocurrency.
Some cases, such as those involving trading platforms like Coinbase, are relatively simple to deal with. But other forms of cryptocurrency, like Monero, are more difficult to trace and investigate due to their anonymous nature.
Price Action: At the time of writing, BTC was trading at $26,762.98, down 1.26% in the last 24 hours, according to Benzinga Pro.
Read More: Bitcoin, Ethereum, Dogecoin Drop After Powell’s Dovish Comments: Trader Predicts King Crypto Soaring To $300,000
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.