Romanian Prosecutors Pursue Confiscation of $563K Bitcoin Stash Owned by Andrew Tate

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Romanian prosecutors have officially submitted documents to the court, seeking the seizure of 21 bitcoin valued at $563,000 from Andrew Tate, a controversial social media influencer. The British-American ex-kickboxer, who gained a significant online presence, was charged with grave offenses of human trafficking and rape on December 29, 2022. Despite the charges, Tate vehemently denies all accusations leveled against him and his associates.

Luxury Cars, Watches, and Bitcoin: Prosecutors Target Andrew Tate’s Assets in Ongoing Legal Battle

According to a press release issued by Romania’s Directorate for the Investigation of Organized Crime and Terrorism on June 20, 2023, Andrew Tate, along with three co-defendants, has officially been indicted.

Tate, a polarizing personality recognized as a former world kickboxing champion, garnered attention as a prominent social media influencer on platforms like Twitter and Tiktok.

His involvement in a high-profile case emerged in December 2022 when he was apprehended as a suspect in a complex legal matter involving human trafficking and rape. The charges against him also encompassed the accusation of leading an organized crime group.

On April 3, 2023, Andrew Tate and his cohorts were released from incarceration and placed under house arrest. Presently, Romanian prosecutors have formally levied charges against Tate, accusing him of “committing the crimes of constituting an organized criminal group, [and] human trafficking.”

According to the allegations, Tate and his associates are purported to have deceitfully lured women into the sex trade, operating not only within Romania but also extending their activities to other nations.

The prosecutors are seeking the court’s authorization to confiscate Andrew Tate’s stash of bitcoin (BTC), estimated to be approximately 21.080 BTC, valued at just over $563,000 based on current exchange rates.

In addition to the crypto assets, law enforcement aims to seize a considerable number of luxury automobiles and watches, four of Tate’s operating companies, and multiple caches of cash consisting of U.S. dollars, European euros, and British pounds.

Furthermore, the prosecutors requested that Tate and his enterprise contribute upfront to cover some of the legal expenses. As part of the ongoing legal proceedings within the Bucharest court, prosecutors strongly advised that Tate and his associates remain under house arrest.

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