A husband hid $500,000 in bitcoin during a divorce.
The husband, who has not been identified, was reportedly worth $3 million and had been married for 10 years.
He had been using the bitcoin to make investments and had not disclosed it to his wife.
The wife discovered the bitcoin when she was going through their financial records during the divorce proceedings.
Here are some of the potential consequences of financial infidelity:
Financial penalties: If you are caught hiding assets from your spouse, you may be ordered to pay
your spouse's legal fees, or you may be required to pay them a portion of the hidden assets.
Jail time: In some cases, financial infidelity can be considered a crime.
If you are convicted of financial infidelity, you could be sentenced to jail time.
Damages: Your spouse may be entitled to damages for the emotional distress caused by your financial infidelity.
Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be
sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries.