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Breaking News: Bitcoin Price Slips Below $108,000: Peter Schiff Anticipates ‘Brutal’ Bear Market, CZ Responds
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Breaking News: Bitcoin Price Slips Below $108,000: Peter Schiff Anticipates ‘Brutal’ Bear Market, CZ Responds

Divorce Dispute: Couple Fights Over $830K Of Bitcoin

Rick Delafont
Rick Delafont
1 year ago
2 mins read
divorce

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Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Thankfully, the noxious love-a-thon that is Valentine’s Day is now out of the way for another twelve months. The Hallmark holiday once again drummed up suitable trade for restaurants, jewellers, and purveyors of assorted heart-shaped tat across the planet. No doubt after being indoctrinated into making the most flamboyant display of affection possible, countless blokes got down on one knee to ask their nearest and dearest to spend the rest of their life with them. We all know how it’ll end up. A few years of feigned marital bliss shortly followed by an endless messy divorce. He takes the car and the dog. She gets the house and the kids. But what about the crypto?

Quarrelling couples are finding the lack of regulation surrounding Bitcoin and other digital currencies a particular headache when it comes to dividing possessions after a split. UK law firm Royds Withy King reported that are dealing with at least three cases of divorce that involve potential settlements of Bitcoin, Litecoin, or Ethereum. Whilst two of these involve smaller amounts, one is notable in that the figure the pair are disputing is $830,000.

Business Insider report that the husband of the couple had invested £80,000 ($110,000) in cryptocurrency. This has since multiplied in dollar value and since the divorce, the spouse has decided to try and claim a share.

Speaking with the publication, Royds Withy King stated that partners in the cases were:

“… seeking the disclosure and a potential share of cryptocurrency assets.”

Without regulation or legal precedent governing such matters, the firm is at a loss with how to guide their clients. The number of people involved in similar cases is only set to increase as more people make investments in the digital currency market. One of the partners at Royds Withy King told the news source:

“These are the first cases we have seen, and we expect to see many more… We believe that cryptocurrencies will be a significant feature in a large number of divorces. Whilst cryptocurrencies are volatile, they are not going to go away. It is important that if you believe your husband or wife has invested in or purchased cryptocurrencies, such as Bitcoin, and you are separating, you tell your legal adviser.”

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Rick Delafont
Rick Delafont

Rick Delafont

Based in Europe, Rick has written about the cryptocurrency industry since 2016. He was first drawn to Bitcoin as a means of payment but quickly became fascinated by its wider potential implications. His interests lie in the political, economic, and social impact of the unfolding digital asset revolution.

Comments 5

  1. TunaFish says:
    8 years ago

    Damn gold diggers will not let the man have anything. They will take the kids, the dog, the house, the bank account and even the damn Bitcoins. Why do men even marry anymore? It’s a fool’s errand.

    Reply
  2. Pierre says:
    8 years ago

    Rule 1 of Crypto, If you don’t own the keys you don’t own the crypto.

    Reply
    • Julio says:
      8 years ago

      Well that would be great Pierre unfortunately the rule of marriage is what’s yours is hers as well so it won’t matter who has the keys.

      Reply
  3. CrypTiburon says:
    8 years ago

    It’s always cheaper to keep ‘er

    Reply
  4. Blindfolded says:
    8 years ago

    uh…I got hacked and it was stolen prior to our divorce. Sorry I didn’t tell you sooner…I was embarrassed. 😉

    Reply

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Comments 5

  1. TunaFish says:
    8 years ago

    Damn gold diggers will not let the man have anything. They will take the kids, the dog, the house, the bank account and even the damn Bitcoins. Why do men even marry anymore? It’s a fool’s errand.

    Reply
  2. Pierre says:
    8 years ago

    Rule 1 of Crypto, If you don’t own the keys you don’t own the crypto.

    Reply
    • Julio says:
      8 years ago

      Well that would be great Pierre unfortunately the rule of marriage is what’s yours is hers as well so it won’t matter who has the keys.

      Reply
  3. CrypTiburon says:
    8 years ago

    It’s always cheaper to keep ‘er

    Reply
  4. Blindfolded says:
    8 years ago

    uh…I got hacked and it was stolen prior to our divorce. Sorry I didn’t tell you sooner…I was embarrassed. 😉

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

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