The court has received formal paperwork from Romanian prosecutors asking for the seizure of 21 bitcoin owned by notorious social media personality Andrew Tate, which are worth $563,000 in total. The British-American former kickboxer, who had a sizable internet following, was charged on December 29, 2022, with serious felonies of rape and people trafficking. Tate vigorously refutes any claims brought against him and his accomplices notwithstanding the allegations.
Andrew Tate’s assets are being targeted by the prosecution in the ongoing legal dispute with luxury cars, watches, and Bitcoin.
The official indictment of Andrew Tate and his three co-defendants was made public by the Directorate for the Investigation of Organized Crime and Terrorism in Romania on June 20, 2023.
Tate, a divisive figure known as a former world kickboxing champion, gained popularity as a significant social media influencer on websites like Twitter and Tiktok.
When he was detained as a suspect in a complicated legal case involving rape and human trafficking in December 2022, his connection in a prominent case became apparent. Along with other accusations, he was accused of being the leader of a gang.
Andrew Tate and his friends were given house arrest on April 3, 2023, upon their release from prison. Tate is currently facing official allegations from prosecutors in Romania for “committing the crimes of constituting an organized criminal group, [and] human trafficking.”
In accordance with the claims, Tate and his collaborators are accused of using deception to coerce women into the sex trade while operating not only in Romania but also abroad.
In order to seize Andrew Tate’s bitcoin (BTC) stockpile, which is thought to be around 21.080 BTC and is currently worth little over $563,000 according to exchange rates, the prosecution are asking the court for permission.
In addition to the crypto assets, law enforcement is pursuing the seizure of a sizable number of high-end cars and watches, four of Tate’s running companies, and many cash caches made up of US dollars, European euros, and British pounds.
The prosecution also asked Tate and his business to pay a portion of the legal fees up advance. Prosecutors strongly suggested that Tate and his colleagues stay under house arrest as part of the continuing legal processes in the Bucharest court.