Divorcing Couples Fight Over the Kids, the House and Now the Crypto

“Francis is less than clear with his ever-changing stories,” Ms. D’Souza’s lawyers sued in a filing.

No secret has ever been realized. Shri’s spokesperson. D’Souza said he disclosed his entire cryptocurrency holdings at the start of the divorce. “As soon as Francis found out that Bitcoin was caught in the mount. Gox bankruptcy, he told his ex-wife,” the spokesman said. “Mt. Gox would not have gone bankrupt, the split of BTC would have been completely controversial.

Ms. D’Souza declined to comment through his lawyer.

But the appellate court found that Mr. D’Souza, 51, who is now the chief executive of the biotech company Illumina, violated the rules of the divorce process by failing to keep his wife fully informed about his cryptocurrency investments.

Ms. them. D’Souza had about half the total number of bitcoins he owned before Mount. Gox bankruptcy, left him with 57 Bitcoins, valued at about $ 2.5 million at today’s prices. Ms. D’Souza’s bitcoins are now valued at more than 23 million.

Not all cryptocurrencies involve such a large sum. A few years ago, forensic investigator Nick Hymonidis in New York worked on a divorce case in which a woman accused her husband of underestimating her cryptocurrency holdings. With the authorization of the court, Shri. Himonides went to her husband’s house and found his laptop. He found a digital wallet containing about $ 700,000 in cryptocurrency Monero.

“It was like: ‘Oh, that wallet? I didn’t think I had it,'” Mr. Homonides recalled. “I was, ‘Seriously, dude?'”

In another case, Mr. Hemonidis said he discovered that a husband moved $ 2 million of cryptocurrencies from his account on the Coinbase Exchange, a platform where people buy, sell and store digital currency. One week after his wife filed for divorce, the man transferred the funds to a digital wallet, and then left the United States.

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