Cryptocurrency has grown from a niche product to a fully developed financial investment many stores and banks recognize as real currency. As the interest in crypto grew, so did its value, allowing many early investors to profit from their foresight.
During a divorce, spouses likely have to divide their marital assets. Your spouse’s crypto could be just one of several digital assets that may need to be settled in a marital asset division. Your spouse, however, may not be willing to reveal their investments.
Here’s what you should know when uncovering your spouse’s digital assets:
Check your bank statements
One of the many selling factors of crypto is its nearly anonymous workings. Each crypto is encrypted with a key that protects unauthorized parties from gaining access to other people’s assets. Because of this, investors in crypto are generally able to make transactions without leaving behind a trace.
However, cryptocurrency does leave behind a tiny bit of a paper trail, despite what investors want others to believe. Crypto isn’t made out of thin air and must come from someplace. Investors use real money when investing in crypto – this money, typically, has to go through banks to make valid crypto purchases.
In other words, if you’re looking to find your spouse’s digital investments, you may be able to find some evidence in bank statements.
Many people who seek high-asset divorce often find their spouse hiding other assets that should be discussed and divided. You may need to reach out for legal help when approaching your divorce.