Instagram influencer Andrew Tate is suspected of involvement in cryptocurrency money laundering activities, having deposited $30 million into Railgun over the past two years.

PANews reported on December 27th that on-chain analyst Specter published an article on the X platform stating that crypto KOL and Instagram influencer Andrew Tate may be involved in crypto money laundering activities, with his associated wallet depositing $30 million into Railgun over the past two years. Specter obtained Andrew Tate's wallet address through a screenshot of a private message he posted on June 9, 2024. Tracing this wallet address revealed a connection to a Texas "pig butchering" scam. Although Andrew Tate was not listed as a defendant in the case, the fund flows in the associated wallet were highly suspicious, exhibiting common money laundering techniques, including small and large transfers through nested services and high-risk exchanges.