TechFlow, on December 27, on-chain analyst Specter posted on X platform indicating that crypto KOL and Instagram influencer Andrew Tate may be involved in cryptocurrency money laundering activities. Over the past two years, wallets linked to him have deposited $30 million into Railgun.
Specter obtained Andrew Tate's wallet address from a private message screenshot released by him on June 9, 2024. Tracking revealed that this wallet is connected to a "pig-butchering" fraud case in Texas. Although Andrew Tate has not been named as a defendant in the case, the fund flows in the associated wallet raise significant suspicions. These activities exhibit common money laundering tactics, including small and large transfers through nested services and high-risk exchanges.
