Cryptocurrency Q&A
Can debt collectors take your crypto?
Can debt collectors take your crypto?
CryptoAce
Mon Dec 09 2024
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6
answers
829
I am wondering if debt collectors have the ability to seize my cryptocurrency assets in order to satisfy a debt that I may have.
6 answers
charlotte_anderson_explorer
Wed Dec 11 2024
This belief is unfounded as institutions in the United States, such as Coinbase, hold bitcoin accounts that can be seized by creditors.
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KpopStarlight
Wed Dec 11 2024
Bitcoin and other cryptocurrencies are often perceived as assets that are beyond the reach of judgment creditors.
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Stefano
Wed Dec 11 2024
However, this is not the case as creditors can garnish these digital assets in most situations.
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FantasylitElation
Wed Dec 11 2024
A common misconception among crypto holders is that their assets are protected from creditors.
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Valeria
Tue Dec 10 2024
The garnishment of cryptocurrencies works similarly to how traditional assets are garnished.
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