In a surprising turn of events, Andrew Tate, a self-proclaimed misogynist and suspected human trafficker, has achieved a minor victory in a Romanian court.
The Bucharest Court of Appeals, in a recent development, has agreed to reevaluate the seizures of assets amounting to $10 million, including 21 bitcoins
confiscated by authorities last year.
This decision comes after a previous request for reassessment was initially denied. The assets in question comprise luxury cars, real estate, and high-end designer watches. Notably, the 21 bitcoins
, part of the confiscated assets, are jointly owned by Andrew and his brother, Tristan. Both, along with two Romanian women, face serious charges, including human trafficking, rape, and orchestrating a criminal gang for the sexual exploitation of women. It’s important to mention that all four vehemently deny these allegations.
Andrew Tate Case
The latest ruling necessitates the court to make a fresh determination regarding the $10 million in assets. Of particular interest is the substantial appreciation in the value of the seized bitcoins.
Since the authorities took possession of the 21 bitcoins in February 2023, their value has almost doubled. The surge in Bitcoin prices over the past few months has resulted in an 88% increase, from $560,000 to $980,000 at the time of this press release.
If Tate’s legal team succeeds in their appeal, it implies that authorities unintentionally played the role of a highly secure wallet, allowing the influencer’s bitcoins to significantly appreciate.
Despite this legal development, Andrew Tate remains free within Romania, albeit confined, with periodic police visits, as the court trial looms ahead.