Abe Lichy explains his side of his Bitcoin drama with his wife Erin Lichy.

The lawyer, who is married The Real Housewives of New York City cast member since 2012, caught up Virtual Reali-Tea from Page Six podcast about the very ‘real’ problem the couple recently faced in their marriage after he sold their shared Bitcoin without telling her. He also revealed how the two are doing today.

“So it was representative of a kind of bigger, deeper problem,” Abe explained of the background to the Bitcoin issue. “I’ll tell you what it was, because it’s not that nefarious. But it was real.”

“We had a handbag company, which I think they show a clip of on the show. This was something that I left my white shoe law firm to start with Erin, and we put all our money into it, funded it ourselves , and it got to the point where we weren’t really making any money from it,” he continued about their former accessories company, FRAMEWORK. “So we lost all our money, and it was a very expensive MBA. I learned a lot.”

When the handbag company went bankrupt, the couple had been dealing with a lot in their family. “We had our second child and my father was sick with brain cancer for three years and had just passed away,” Abe explained. “We had no cash, and so we had all the debt of this company, and it was our business, not hers. I want to clear that up because it’s not like I’m paying for her business, it was our business. And so it was just the aftermath of that.”

According to Abe, the aftermath was that they both started “all over again.”

“I started my own law firm, but it took a few years before I started making any real money again, so we had more kids, more bills and still the debt,” Abe said. “And it was just a lot of little things that at some point I stopped telling her about it because I didn’t want to put pressure on her.”

He noted that “part of” the reason he didn’t tell Erin was because he felt the responsibility to “take care” of her.

“I didn’t want to take it out of our joint checking account, so I took it out of Bitcoin,” he continued. “And I sent it and paid the debt, and we ended up talking about it because she heard about Bitcoin, and then I told her about all the other stuff.”

Although it caused some tension in his marriage, Abe said it was ultimately a “liberating” moment for the couple because they were able to “have that really honest conversation even though (he) was in the doghouse for a long time.” “

“When we were filming it was probably two or three months after it all happened, so it was still pretty fresh,” he said. “But it was tough. It was really tough.”

Erin Lichy opens up about her and Abe’s problems

Erin explained that she had mixed feelings about Abe’s decision Watch What Happens live with Andy Cohen in October.

“It’s confusing, this one. Yeah, I’m confused too,” she said. “There were other things that Abe had just made decisions about, and we’re partners and we need to talk about things. And I think that’s what really hit me.”

“Was it a lot of money?” asked host Andy Cohen.

“There were a few that, yes, made quite a bit of money,” Erin clarified. “I mean, he was trying to do the right thing and not stress me out. He knew I was going through a lot, but ultimately I preferred the communication.”

Andy then asked Erin if she was surprised when Abe said he only kept the sale a secret because he was trying to protect Erin in an interview on RHONY.

“I’m not surprised because I know that’s what he thought he did,” Erin said.

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