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Andrew Tate’s $500k in Bitcoin seized by Romanian prosecutors

Andrew Tate's $500k in Bitcoin seized by Romanian prosecutors

As Andrew Tate currently faces accusations of rape, human trafficking, and organized crime for the purpose of sexual exploitation of women in Romania, information has leaked that the country’s prosecutors have seized a substantial amount of his assets in Bitcoin (BTC).

Although the original reports said that the seizures reached $300 million, this information has now proven to be incorrect and the result of a Google Translate error used in translating a press release from the Romanian authorities in which they shared the details of Tate’s indictment and which many news outlets shared on June 20.

Half a million in Bitcoin seized

Specifically, the prosecutors did, in fact, seize a large amount of Bitcoin belonging to the social media personality and former professional kickboxer, but this amount was not in the hundreds of millions but closer to $560,000, or approximately 21 BTC, in addition to 15 luxury cars, 14 watches, as well as 15 properties and shares in four companies.

Furthermore, according to a press release from the Office of Information and Public Relations within the Romanian Directorate for the Investigation of Organized Crime and Terrorism, the indictment covers four defendants, including Tate’s brother Tristan, who now face trial under house arrest.

Mr. Blockchain

As Finbold reported in March, there is currently no precise information on Tate’s crypto possessions, but two months after his widely publicized arrest in Romania in December 2022, the local police had seized nearly $500,000 worth of Bitcoin from him and his brother Tristan’s crypto wallets, which is close to the amount seized recently.

Shortly before his arrest, Andrew Tate appeared on Anthony Pompliano’s Bitcoin podcast, where he touted the flagship decentralized finance (DeFi) asset as removing the disadvantages of fiat transactions, declaring he was “going fully crazy mister blockchain now” and boasting of turning “600 grand to $12 million,” as Finbold reported in December.

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