Divorce and Hidden Money: What to do if You Suspect Hidden Crypto?

Divorce and Hidden Cryptocurrency: How to Find Crypto Your Spouse May Be Hiding🧘 DIVORCE MEDITATIONSDivorce can make your brain feel like it’s running 24/7. Our Divorce Meditations were created to help calm your nervous system, quiet the spiral, and get you through the moments when everything feels like too much.Listen to the Divorce Meditations here: https://www.hownottosuckatdivorce.com/guides/p/divorce-guided-meditations💥 THE DIVORCE CRASH COURSEIf you’re overwhelmed by divorce and terrified of making an expensive mistake, start here.The Divorce Crash Course gives you the information we wish every person had BEFORE making major decisions in divorce — including how to save money on attorneys, understand your finances, navigate custody and parenting agreements, and avoid the mistakes that can cost you thousands.Typically priced at $150, available now for $50, thanks to our angel underwriters, Our Family Wizard and Soberlink.👉 Get the Divorce Crash Course here: https://www.hownottosuckatdivorce.com/divorce-crash-courseWhat happens if you think your spouse is hiding money in cryptocurrency during your divorce?First: don’t panic. And definitely don’t assume crypto is impossible to find.In this episode of How Not to Suck at Divorce, Andrea Rappaport and family law attorney Morgan Stogsdill are joined by Jason Wright, Managing Director in the Disputes, Compliance & Investigations group at Stout, to break cryptocurrency down for the rest of us — and explain exactly what can happen when crypto becomes part of a divorce.We’re starting with the basics: What the hell is cryptocurrency? What’s a crypto wallet? What’s a private key or seed phrase? What are Coinbase, Kraken and other crypto exchanges actually doing?Then we get into the question that matters during divorce:Can your spouse actually hide marital money in crypto — and can you find it?Jason explains why cryptocurrency isn’t necessarily as anonymous or untraceable as people think, how forensic experts can follow transactions on the blockchain, and what financial clues might indicate that money has been moved into cryptocurrency.We discuss:• How cryptocurrency differs from traditional bank and investment accounts• Crypto exchanges like Coinbase, Kraken and Gemini• The difference between custodial and non-custodial crypto wallets• What private keys and seed phrases actually mean• Crypto ATMs — yes, apparently those exist• Transfers and cash withdrawals that could signal cryptocurrency activity• How forensic experts trace crypto transactions• Why the blockchain can actually help investigators follow money• When your divorce attorney may need to subpoena an exchange• How to decide whether pursuing suspected crypto is financially worth it• Cryptocurrency and dissipation of marital assets• What happens when someone loses the password to a crypto wallet• Why hidden crypto may still be discoverable after divorce• Why you should NOT confront your spouse if you suspect they’re hiding cryptocurrencyOne of the biggest takeaways from this episode?You do not need to become a cryptocurrency expert.If something doesn’t look right, gather the financial information you have lawful access to, document what you’re seeing, and bring it to your divorce attorney. Let your attorney decide whether additional investigation, subpoenas or a forensic expert are necessary.And if your lawyer doesn’t have much experience dealing with cryptocurrency in divorce? Ask them. You have every right to know whether the team handling your divorce understands the assets that may be involved.Because going on an unnecessary financial “truffle hunt” can cost you money — but walking away from tens of thousands, hundreds of thousands or even millions of dollars that should have been part of your marital estate can cost you a whole lot more.ABOUT OUR GUESTJason Wright is a Managing Director in the Disputes, Compliance & Investigations group at Stout. He works with attorneys and clients on complex financial investigations, including tracing cryptocurrency and digital assets.We’ll link Jason’s information below so you and/or your attorney can contact him if his expertise is needed.Jason Wright / Stout: https://www.stout.com/en/professionals/jason-wright⭐ LOVE HOW NOT TO SUCK AT DIVORCE?Please take a minute to rate and review the podcast on Apple Podcasts. Reviews help more people going through divorce find the show when they need it most.www.ratethispodcast.com/notsuckAnd make sure you’re following How Not to Suck at Divorce so you never miss an episode. We’re here twice a week with full episodes, mini episodes, legal education, emotional support and the information you need to get through divorce without losing your mind — or your money.You’ve got this. And we’ve got you.SEO KEYWORDScryptocurrency divorce, crypto divorce, hidden assets in divorce, hiding money during divorce, hidden cryptocurrency divorce, Bitcoin divorce, crypto assets divorce, finding hidden money in divorce, financial discovery divorce, forensic accountant divorce, cryptocurrency marital assets, tracing crypto assets, hidden marital assets, divorce financial investigation, spouse hiding money, divorce attorney cryptocurrency, blockchain divorce, crypto wallet divorce, dissipation of marital assets, divorce financesMentioned in this episode:Need Extra Cash?Why not see how much Worthy can get you for your ring? It's a risk free process- and Worthy works with you to get the best price possible. Get an extra $100 if your ring sells for more than $1500. https://vip.worthy.com/divorcepod/?utm_medium=podcast&utm_source=how_not_to_suck_at_divorceOur Family WizardHow Not to Suck at Divorce is proud to be the only podcast that can offer you 20% off your first year of the essentials package. Visit Our Family Wizard to ask your attorney is OFW is right for your family. Our Family Wizard