Lawyers for Andrew Tate and Tristan Tate say the brothers overstated their wealth, including their access to crypto, in an effort to challenge claims that they would flee if granted bail.
In legal filings submitted as part of that bail push, the defense said the brothers’ public stories about having 「unrestricted access to traditional funds, cryptocurrency, and BTC」 and owning luxury assets were merely 「grandiose claims.」 The filings were meant to show that the image they projected should not be treated as proof of real, available wealth.
Defense says luxury image was staged
According to the filings, an Aston Martin and a Bugatti Veyron shown on the Tates’ social media accounts were rented. The yachts featured in their posts were promoted as paid placements rather than personal property.
The report notes that Andrew Tate has also shared clips showing luxury cars at his home, even though some supercars had previously been seized.
The filings argue that the brothers inflated their fortunes to help market the various money-making courses that generated the bulk of their income. As presented by their lawyers, they were effectively playing a role.
Bail dispute centers on flight risk
The brothers were arrested on July 18 and are now fighting extradition to the UK. The BBC reported that they face 59 potential charges, including rape, trafficking, assault, and charges related to child sex-abuse images and extreme pornography. The Tates deny the charges.
Prosecutors say the brothers remain a flight risk if released. Their argument is based in part on the brothers’ own claims that they could avoid authorities by hiding their identities. Prosecutors also say the pair have significant resources available to them, both in money and in social media networks, and that they often intimidate vulnerable complainants.
The defense response is narrower: if the government cannot prove that the brothers’ public claims of wealth were real, then those claims should not be used to support the argument that they could abscond.
Court record points to 21 BTC
On the crypto side, the report says Romanian court filings suggest Andrew Tate may own 21 BTC. After he successfully applied in 2024 for the seizure to be reassessed, that holding was said to be worth about $1.6 million.
Andrew Tate had previously claimed he made $85 million trading crypto, a figure the report says was heavily doubted online.
Memecoins and trading losses also resurface
The article also points to Tate’s promotion of various memecoins that later fell sharply in value. It says he most likely received thousands of dollars in commissions for those promotions.
It also cites a long-running record of losses on perpetual futures exchange Hyperliquid, where Tate is said to have accumulated nearly $890,000 in losses.
Andrew Tate also launched his own DADDY memecoin in 2024. The token was up 8% over the last hour at the time referenced in the report, but still down 94% from its all-time high two years earlier.
The report separately notes that another Andrew Tate memecoin was down 97% while he was still posting from his cell.
