How to add Cryptocurrency to financial discovery

The majority of cases we find aren’t hugely sophisticated money laundering schemes or frauds perpetuated by highly technical computer hackers. The majority of cases we find are spouses that moved money from a cryptocurrency exchange to a private wallet, hand over their exchange balance sheet, and wait to see what’s added to the marital assets.

But the balance sheet doesn’t tell the whole story. It only shows what cryptocurrency is currently being held in the exchange.

See our blog post here about how to look for withdrawals in transactions and find cryptocurrency. You’ll see that our first step is “Ask." But with something as new and technical as cryptocurrency, it can be difficult to ask using the right terminology.

We’ve even seen cases where a spouse is asked if he has any cryptocurrency accounts, to which he replies, “no.” Then, later, we find out he has a wallet with lots of assets in it, at which point he claims ignorance because our attorney had asked about an “account,” not a “wallet.” In this particular case, the judge actually chose to not punish the husband and accepted the excuse that it was a genuine mistake.

We don’t want this to happen to you, so we made a comprehensive handout to help you add cryptocurrency to your financial discovery process with a complete list of terms and items to request. It’s a fool proof way to prevent a person from using technical jargon to interrupt the discovery process in your divorce case.

Click HERE to go to our Resources page to see all of our handouts and templates.

As always, we’re here for a free consultation if you have questions or concerns about cryptocurrency in your divorce or civil case.