Divorce cryptocurrency

On Behalf of | May 27, 2020 | High Asset Divorce

You’ve probably heard the names: bitcoin, litecoin, Ethereum or Cardano. All of them are some well-known types of cryptocurrency. They may also be where your spouse is stowing a substantial amount of money in preparation for your divorce.

Cryptocurrency used to be considered a type of “fringe” investment that was far too volatile to be useful, but the fact that it is a mostly unregulated market has made it increasingly attractive to investors (and others) who want to keep their assets hidden.

How can you tell if your spouse has been dabbling in cryptocurrency without telling you? Look for these signs:

  • They’re secretive about the banking information. This could be the signal that any number of financial deceits are happening, Be particularly concerned if your spouse suddenly switches to digital account statements (which means no more will come in the mail where you might see them) and “forgets” to tell you that passwords are changed.
  • There are strange withdrawals or purchases on your account that don’t seem to make sense. People find all sorts of creative ways to fund a cryptocurrency account without leaving an obvious trail, including the use of PayPal, among other online vendors. If your spouse seems like they’ve been making some regular online purchases, but items aren’t showing up at the house, it’s time to be concerned.
  • Your spouse’s phone has a cryptocurrency app, or your spouse has been reading a lot online about cryptocurrency. Cryptocurrency isn’t something you can just wade into entirely unprepared when you’re investing a lo. Signs that your spouse is reading up on the subject or tracking an account are bound to be around.

If you suspect that your spouse isn’t going to play fair with the finances in your divorce, talk with an attorney about your suspicions. It takes strategy, skill and perseverance to protect what’s rightfully yours.