• Andrew Tate, a British-American social media influencer and five-time world kickboxing champion, was arrested in Bucharest, Romania in December 2022 on charges including human trafficking, sexual assault and forming an organized criminal enterprise.
• During the arrest, Romanian police seized millions of dollars worth of luxury cars, homes and watches from Tate and his associates. Additionally, they seized hardware wallets with digital assets worth over a hundred thousand dollars inside.
• Tate has been vocal in praising cryptocurrencies as a hedge against inflation but whether or not this is driven by personal conviction or financial gain remains unknown.
Andrew Tate Arrested
In December 2022, Andrew Tate – British-American social media influencer and five-time world kickboxing champion – was arrested in Bucharest, Romania on charges including human trafficking, sexual assault and forming an organized criminal enterprise.
Seizure of Luxury Items & Digital Assets
During the arrest, Romanian police seized millions of dollars worth of luxury cars, homes and watches from Tate and his associates. Additionally, they seized hardware wallets containing digital assets worth over a hundred thousand dollars together – including five bitcoins (BTC) worth about $110k for Andrew and 16 bitcoins held by Tristan totaling to $465k.
Tate’s Praise for Cryptocurrencies
Tate has been vocal in praising cryptocurrencies as a hedge against inflation but whether or not this is driven by personal conviction or financial gain remains unknown. He has even gone so far as to exchange mutual back-patting with Michael Saylor CEO of MicroStrategy (#Fiat makes you weak #Bitcoin makes you strong).
Controversy Surrounding Crypto Usage
While it appears that Tate encourages crypto investment mainly BTC & ETH through his YouTube channel Altcoin Daily with over one million subscribers; Bruce Rivers’ January 2023 YouTube video suggest that he brags about using crypto to dodge taxes & making around $600K/month employing 75 sex workers. The Internal Revenue Service (IRS) lists bitcoin payouts to performers as employment income thus requiring taxable payments but Tate seems insistent on being above the law.
Rakehell Characteristics?
In addition to being an online influencer who claims he can teach young men how to “stop being losers,” he also boasts about setting up a pornographic webcam business which further promotes negative stereotype associated him being rakehell character; cigar smoking supercar enthusiast who swears he can teach young men how to “stop being losers.”