Andrew Tate’s Crypto Wallets Tied to $30 Million Money Laundering Trail
An investigator alleges Andrew Tate's crypto wallets received $1.2 million from a Texas investment scam and moved $30 million through Railgun.Summary
A report by on-chain investigator Specter alleges that crypto wallets linked to Andrew Tate are involved in potential money laundering, connecting them to a $5 million investment scam case filed in Texas. Specifically, wallets allegedly linked to Tate received $1.2 million from defendant wallets in the scam case, evidenced by a small direct transfer between addresses and matching trading patterns on the Hyperliquid exchange.
Furthermore, the investigation claims that Tate-linked entities deposited $30 million into Railgun, a privacy pool, over two years, with most funds originating from the crypto processor Radom Pay. High-volume use of privacy tools by an indicted individual is often flagged as a layering technique to obscure funds.
Specter also suggested Tate manipulated market sentiment, citing a June 2024 incident where Tate shared a screenshot claiming to reject a token promotion, while blockchain data indicated he controlled the funding of the wallet in question, suggesting a staged rejection.
(Source：BeInCrypto)