Cryptocurrency Assets Complicate Divorce Proceedings

Divorce lawyers are increasingly encountering cryptocurrency assets in divorce cases, according to an expert. In one scenario described, a spouse reviewing financial disclosures in a divorce discovers that hundreds of thousands of dollars have been withdrawn from their bank accounts over several years.

The withdrawals appear on credit card statements, electronic transfers, and payment applications, making them difficult to track. This raises questions about how digital assets are treated in divorce proceedings.

According to Margaret Donohoe, 'matrimonial practitioners do not need to become blockchain experts, but they do need to understand how digital assets differ from traditional property.'