Analyst: Andrew Tate suspected of involvement in crypto money laundering activities, deposited $30 million into Railgun over the past two years

2025-12-27 by admin

According to TechFlow, on December 27th, on-chain analyst Specter posted on X, suggesting that crypto influencer and Instagram celebrity Andrew Tate may be involved in crypto money laundering activities, with associated wallets depositing $30 million into Railgun over the past two years.

Specter obtained Andrew Tate’s wallet address from a private message screenshot he shared on June 9th, 2024. Tracking revealed that this wallet address is linked to a Texas-based “pig butchering” scam case. Although Andrew Tate is not listed as a defendant in the case, the fund flows in the associated wallet are suspicious, displaying common money laundering techniques, including small and large transfers through nested services and high-risk exchanges.

BlockBeats News, December 29 – According to a report by Cointelegraph, a proposal in California to impose a 5% tax on billionaires' wealth has faced strong opposition from cryptocurrency executives. They argue that it would trigger an exodus of entrepreneurs, capital flight, and ultimately be wasted regardless.The proposal, named the '2026 Billionaire Tax Act,' aims to introduce a ballot measure that would levy a 5% tax on individuals or entities with a net worth exceeding $1 billion to fund healthcare systems and state assistance programs. According to SEIU United Healthcare Workers West, because this proposed wealth tax partially targets unrealized gains, some billionaires may need to sell stocks or parts of their businesses to raise funds for tax payments. The tax can be paid in a lump sum or spread over five years with interest.Industry veterans in the cryptocurrency sector, including Bitwise CEO Hunter Horsley and Kraken co-founder Jesse Powell, believe that this measure would only lead to billionaires leaving the state, resulting in negative consequences.