Actor Bill Cosby, who was convicted of three sexual assaults, bought a bitcoin worth about $5 million before the date of the end of September, with the intention of transferring his assets to Bitcoin, protecting him. The remaining property is protected from his creditors. Because he believes that such property cannot be traced and no one other than him can retrieve Bitcoin. But in fact, even if his creditors could not prove where the assets were stored, his financial statements could prove that he had hidden $5 million in assets, putting him at risk of civil and criminal penalties.
Click to view more