• Andrew Tate, a British-American social media influencer and five-time world kickboxing champion, was arrested in Bucharest, Romania in December 2022.
• Romanian police seized millions of dollars worth of luxury cars, homes, and watches from Tate and his associates. They also seized hardware wallets containing digital assets worth over a hundred thousand dollars together.
• Tate has expressed support for cryptocurrencies as a hedge against inflation but is accused of using crypto to dodge taxes and setting up a pornographic webcam business.
Andrew Tate Arrested
In December 2022, notorious British-American social media influencer and five-time world kickboxing champion Andrew Tate was arrested in Bucharest, Romania on charges of human trafficking, sexual assault, and forming an organized criminal enterprise.
Police Seize Assets
Romanian authorities seized millions of dollars worth of luxury cars, homes, and watches from Tate and his associates during the arrest. In addition to these items, they also confiscated hardware wallets containing digital assets including five bitcoins (BTC) worth about $110k for Andrew held in his girlfriend’s wallet and 16 bitcoins held by his brother Tristan amounting to a total of $465k.
Tate Praises Crypto
Tate praised cryptocurrencies such as Bitcoin (BTC) & Ethereum (ETH) for their potential to act as a hedge against inflation – which he mentioned in a mutual back-patting exchange with Michael Saylor – CEO of MicroStrategy – on Twitter. He went so far as to encourage others to invest in them too.
Accusations Of Tax Evasion
However it seems that Tate may not be entirely above board when it comes to crypto investments as Bruce Rivers – famous criminal lawyer – has made accusations that he bragged about using crypto to dodge taxes with The Mirror report suggesting he made an impressive $600K per month employing 75 sex workers while avoiding paying tax through the use of cryptocurrency payments instead.
Controversial Side Exposed
Adding fuel to the fire is Tate’s controversial side exposed through the setting up of a pornographic webcam business which further brings into question how much conviction or financial gain lies behind his fondness for digital currencies.