Cryptocurrency, Digital Assets, and Divorce
When separating, two parties will traditionally split assets, including investments. While investments in real estate or traditional stocks are substantively traceable, cryptocurrency is a whole new ball game. Divorce lawyers report that spouses often withhold the accurate amount of their holdings; other times they may transfer the funds to online wallets. While funds traded on apps such as Coinbase and Robinhood can be investigated and ordered by courts to be turned over, online wallets have an extra layer of security with a password. In such situations, forensic investigators can search for exchanges that show holdings locked in software and hardware. When working with clients of higher net-worth, divorce lawyers may need to rely on blockchain investigators such as Cipher Blade to track the digital paper trail.