Lawyers say they are having to grapple with divorcing spouses hiding their crypto holdings when a court tries to divide up their assets. Lawyers say divorcing spouses are concealing cryptocurrency holdings as courts divide marital assets. The opaque nature of digital currencies can complicate disclosure and valuation compared with traditional property.
Forensic tracing of wallets, exchanges, and balances often becomes necessary, requiring expert evaluation and timely cooperation from both parties. This process can extend timelines and raise costs for litigants.
As asset divisions hinge on accurate reporting, practitioners urge courts to provide clearer guidance on crypto disclosures and enforce robust disclosure standards to deter hiding tactics. Industry experts say standardized procedures could help reduce disputes and ensure fair outcomes.
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