With the crypto crash and billions lost in 2022 due to hacks, many digital asset investors have suffered enormous losses. In this presentation, family law attorney Tanya Witt presents the legal considerations for bringing or defending a dissipation claim in a dissolution of marriage case that arises from digital asset losses.
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With crypto markets now crashing and investors losing over $3 billion in cryptocurrency due to hacks in 2022, many digital asset investors have suffered enormous losses. Privacy is a key aspect of most digital assets and men are 4 times more likely than women to have a secret crypto account of which their partner is unaware. What if one spouse has lost substantial marital funds through digital asset investments without the knowledge or consent of the other spouse? How will those often-staggering losses be handled in dissolution of marriage cases? In this presentation, family law attorney Tanya Witt discusses the legal considerations when bringing or defending a dissipation claim resulting from the often-staggering losses that can occur when one spouse invested in digital assets.
Tanya Witt, The Witt Law Firm, Chicago
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