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Relationships

Mumsnet has not checked the qualifications of anyone posting here. If you need help urgently or expert advice, please see our domestic violence webguide and/or relationships webguide. Many Mumsnetters experiencing domestic abuse have found this thread helpful: Listen up, everybody

Husband has lost our kids savings

352 replies

Helphusbandmessedup · 12/08/2023 16:32

I am so so so annoyed/angry/upset/fuming.

my husband has invested all our kids savings in crypto mining and lost the f*ing lot £14,500.

I’ve told him he personally needs to pay it all back, he thinks he’s just going to replace it from our other investments. Telling me he’d be poor if he takes it from his monthly money. I’ve long suspected he has a borderline gambling issue. I’m absolutely raging, when I said I don’t think it’s fair it come from our other investments he tried to overbearing me because I said it wasn’t an option.

I’ve said his other options are take a personal loan that he pays for or pay back every month but he’ll need to calculate the lost interest.

I’ve also told him I want to split our money going forward so we split bills but then have our own money. I earn more than him btw.

am I being unreasonable or just full of red mist.

OP posts:
PriamFarrl · 16/08/2023 13:10

Busubaba · 16/08/2023 11:13

Jimmy Hill.

Meme Think GIF

Chinny chin chin

Cailleachian · 17/08/2023 20:14

Fartooold · 16/08/2023 10:31

This has all happened in 2 days????

Or am I misreading something? It must be me...

He's lost money, you've split up, the money has been returned, you've both had time to post on the same thread......

You should consider staying together, you both write in such similar styles, you must surely have a huge amount in common.

I'm going to check this hasn't all unfolded over a year and I'm cracking up!

I dont think this is all that strange. It seems clear OP showed her husband the thread, he posted for sympathy hoping that his heartfelt apology would lead to posters encouraging his wife to not be so horrible to poor ickle victim as he was now doing the right thing.. and then she came back to the thread to update

There are a number of worrying things in what her husband posted.

  • the husband showed OP screenshots but did not initially give her access to the Binance account where she believed it was lost from.
  • the wife appeared to believe that the money was lost from Binance, but actually he had transferred it out of Binance to Trust Wallet, seemingly without letting her know.
  • You cannot transfer money directly from a bank to trust wallet, you need to go through an intermediary (such as Binance) first.
  • He said his bank has been helpful, but Binance (where he initially placed the money) stopped receiving GBP transfers on 22nd May and its obvious that this transfer went through as he was then able to move the crypto he bought with it to Trust wallet.
  • He initially lied about the amount, when OP got access to the account she discovered this lie.
  • He is doubtful about recovering the money, but if he's opened a support ticket with trust wallet, they should be able to tell him exactly where the funds have gone. It is extremely difficult to cover your tracks on-chain unless you are very sophisticated.
  • His freudian slip of "my money bank" leads me to think that he may still have control over (at least some) of these funds.
  • His preferred solution to the lost funds was to use joint assets to replace the childrens money...and it seems he got his way. The alternatives of taking out a personal loan or selling his valuables seem to have fallen by the wayside.

Given all this I am not in the slightest bit surprised that @Helphusbandmessedup is divorcing him and quickly.

Honestly you would not believe the number of men who steal money from their wives, children and wider families using crypto either to gamble with or to squirrel away for their own purposes and then use the "I was hacked, I was scammed, poor me, how was I supposed to know" line when it all goes tits up.

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