• Andrew Tate, a British-American social media influencer and kickboxing champion, was arrested in Romania for human trafficking, sexual assault and forming an organized criminal enterprise.
• Romanian police seized millions of dollars worth of luxury cars, homes and watches from Tate and his associates. They also found hardware wallets with digital assets worth over $100k from both Andrew and Tristan.
• Andrew has been praised for encouraging crypto investments but there have been allegations that he used crypto to dodge taxes.
Infamous British-American Social Media Influencer Arrested
Andrew Tate, the infamous British-American social media influencer and five-time world kickboxing champion was arrested in December 2022 in Bucharest, Romania following accusations of human trafficking, sexual assault and forming an organized criminal enterprise.
Police Seize Assets From Suspects
Romanian authorities seized millions of dollars worth of luxury cars, homes and watches from Tate and his associates. In addition to this they also discovered hardware wallets belonging to both Andrew and his brother Tristan containing digital assets totaling over a hundred thousand dollars together (five bitcoins belonging to Andrew amounting to about $110k; 16 bitcoins held by Tristan amounting to about $465k).
Andrew Praised For Crypto Investments
In December 2022, Altcoin Daily – a YouTube channel with over one million subscribers – applauded Tate’s encouragement of cryptocurrency investment mainly BTC and ETH. Michael Saylor (CEO of MicroStrategy) apparently exchanged mutual back pats with Tate over the matter too. However it is yet unclear how much financial gain or personal conviction drove him toward cryptocurrencies.
Allegations Against Andrew
It appears that Tate may not be entirely above board when it comes to crypto as there have been allegations that he bragged about using crypto to dodge taxes while running a pornographic webcam business which reportedly made him up to $600,000 each month employing seventy five sex workers. The IRS lists bitcoin payouts to performers as employment income requiring taxable payments but unfortunately it appears that Tate is insistent on being above the law here too.
Andrew Tate has come under scrutiny due to his involvement in illegal activities as well as his alleged use of cryptocurrencies such as Bitcoin (BTC) in order to dodge taxes while running a pornographic webcam business making up to $600K per month employing 75 sex workers . Despite this he has still gained some positive attention for his encouragement of cryptocurrency investment via platforms like Altcoin Daily where he was praised by Michael Saylor (CEO of MicroStrategy). It remains unclear however whether this support was based on personal conviction or financial gain on his part