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Instagram Influencer Andrew Tate Suspected in $30M Crypto Money Laundering Scheme

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On-chain news reveals Instagram influencer Andrew Tate is under scrutiny for a $30 million crypto scam alert tied to a money laundering scheme. Chain analyst Specter found Tate’s wallet deposited $30 million into Railgun over two years. The wallet address was traced from a June 9, 2024, post and linked to a Texas-based “pig butchering” scam. Though not a named defendant, the wallet shows suspicious activity, including nested transfers and high-risk exchange use.
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