Well before his arrest, Tate spoke about his love of Bitcoin. He also declared receiving payments in Bitcoin is a great way to dodge paying taxes or otherwise dealing with legal regulations pertaining to finances.
Though the freeze put on these funds indicates that Romanian officials disagree. Authorities were able to make this freeze via their access to hardware wallets used to store various cryptocurrencies.
If Tate is found guilty of human trafficking and/or rape, his impounded assets are going toward victim compensation.
More to come?
Before news broke about the Bitcoin seizures, the public also learned that Romanian law enforcement officials contacted their Dubai counterparts. This happened so they could obtain a high-end sports car belonging to Tate in the country.
He is likewise believed to have assets in Ireland, the United Kingdom, and the United States. Therefore, Romanian officials may have much more work to do in impounding what remains of Tate’s assets.
Anyone who wishes to report what they believe to be human trafficking can contact the National Human Trafficking Hotline via phone at 1 (888) 373-7888 or by text at 233733.
