The divorce proceedings of a New York couple took a turn after a forensic accountant helped track down the husband’s 12 Bitcoin (BTC) stash, which he intended to hide from his wife. The couple in question were married for 10 years, but the man’s wife suspected that her husband did not reveal all his assets, which would get split between the two following their divorce. The housewife — addressed pseudonymously as Sarita — revealed to CNBC that her husband was earning $3 million annually, which was not reflective of his declared assets.
Sarita appointed a forensic accountant, who eventually found that her husband failed to declare 12 BTC — worth roughly $500,000 — stored in an undisclosed crypto wallet. Having no clue about the Bitcoin investment, Sarita stated: “It was never even a thought in my mind because it’s not like we were discussing it or making investments together. It was definitely a shock.”
As a result, the woman’s husband will have to part ways with some of his BTC holdings. Tracking crypto investments is easier than its fiat counterparts, considering that blockchain technology preserves all transactions and does not allow external factors to modify or delete entries. This makes it easier for forensic accountants to track down hidden assets in divorce cases.
However, not all crypto-related news is negative. One of the latest crypto innovations, the metaverse, has become a popular place for couples worldwide to tie the knot. Since 2021, countless couples have gotten married in metaverse-based virtual venues, allowing family members and friends to witness the joyous occasions. This has become a trend among tech-savvy couples who want to make their wedding unique and memorable.
Blockchain technology has been hailed for its ability to improve trust in various industries, including artificial intelligence (AI). According to a magazine article, blockchain technology can help improve trust in AI by providing transparency and accountability in decision-making processes. This is because blockchain technology preserves all transactions and data, which can be audited and verified by multiple parties. This can help prevent bias and discrimination in AI decision-making processes, which have been a concern for many.
In conclusion, the case of the New York couple highlights the importance of transparency and honesty in marriages. It also shows how blockchain technology can be used to track down hidden assets in divorce cases. On the other hand, the use of blockchain technology in the metaverse and AI industries shows its potential to revolutionize various industries and improve trust among users.