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    Seizing Andrew Tate’s Bitcoin?



    Learn to build your own private Bitcoin vault:
    https://www.bitcoinuniversity.com/courses/76599-the-ultimate-guide-to-bitcoin

    In this video, I discuss whether it is possible for a government or other hostile attacker to seize or freeze your Bitcoin.

    Unlike almost every other traditional asset (stocks, bonds, bank accounts, etc), Bitcoin has no counter-party risk and cannot be frozen at the press of a button.

    The only way that someone can steal your Bitcoin is if you store your recovery seed (the human readable version of your Bitcoin private keys) in a place where it can be viewed and used to sign a transaction stealing your Bitcoin– or if an attacker can get extended access to your hardware wallet and is able to extract your private keys.

    In the case of Andrew Tate, it appears that authorities were able to get their hands on at least some of his hardware wallets. But an order to seize his Bitcoin is quite different from the actual act of seizing his Bitcoin, which does not appear to have happened yet.

    Multi-sig cold storage is the best solution for long-term Bitcoin savings, and can make it almost impossible for an attacker to seize your Bitcoin.

    Not investment advice! Consult a financial advisor.

    Social Media Personality Andrew Tate Charged With Rape; Bitcoin Seized By Authorities:

    Social Media Personality Andrew Tate Charged With Rape; Bitcoin Seized By Authorities – Details


    https://www.insider.com/romania-to-seize-assets-including-560k-bitcoin-from-andrew-tate-2023-6

    Actual Romanian order:
    https://www.diicot.ro/mass-media/4082-comunicat-de-presa-2-20-06-2023

    Circle Confirms Freezing $100K in USDC at Law Enforcement’s Request:
    https://www.coindesk.com/markets/2020/07/08/circle-confirms-freezing-100k-in-usdc-at-law-enforcements-request/

    Did The FBI Just Hack Bitcoin?

    Collaborative custody for multi-sig (Unchained):
    https://unchained.com/

    Don’t Use Ledger Hardware Wallets:

    Andrew Tate Reveals How Much Bitcoin He’s Had Seized by Authorities:
    https://decrypt.co/121308/andrew-tate-bitcoin-seized

    I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

    #Bitcoin
    #andrewtate

    Disclaimer
    Neither Bitcoin University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video, on this YouTube channel, or at www.Trader.University or www.BitcoinUniversity.com (henceforth, “the Sites”) should be construed as such by you. This video, channel, and the Sites should be used as educational tools only and are not replacements for professional investment advice. Trading or investing in new and volatile assets like Bitcoin can be risky.

    View 40 Comments

    40 Comments

    1. Bitcoin University on

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    6. jvlaina on

      The real question is how different (effort required) to seize BTC vs other assets like cash e.g. is it easier to hide BTC? Second question is, what happens if seized assets are transferred out of your private keys bc now it is not your keys not your BTC.?

    7. Mflash8hy on

      Hi Matthew

      Abra crypto announced to retail investor that 31 July 2023 is the last day to move your crypto off the exchange. I got to say Bill is a stand up guy unlike celsius, blockfi, and FTX.

      What's your take on the recent news of Abra and do you see a crypto lending via a BTC provider only going more mainstream.

    10. Matt Brock on

      You mentioned borrowing against bitcoin. Can you go back and update us on collateralized loans? I have only heard of Unchained Capital

    11. Destructor EFX on

      Hi Matthew, how are you? I have a question for you: I was learning the importance of UTXO management, that one day bitcoin will be adopted by institutions and nations states, the main chain becomes like FED wire, and the fees are expensive for the average people. So it’s important to consolidate small UTXO’s into a bigger UTXO to avoid the possibility of the fee being larger than the UTXO itself, so that It’s no longer useable. But if that happens, bitcoin is losing one of the proprieties of money, that is the ability to easily move value across the world. It could have the same defects that gold had, it was hard to move so it became centralized. What are your thoughts about it?

    12. Elijah Anderson on

      Thank you for bringing the 2nd amendment into the conversation. In regards to protecting property. Not enough bitcoiners are talking about the relationship

    13. Rares Dancau2 on

      13:29
      Hello! I am a romanian. On the original page it says that it is worth 384.904,789 USD, so almost around 385k USD. So yes, it might seem like a Google Translate error.

    16. Joe Swanson on

      everything is push button.
      but keep in mind you only need 32.5 lbs of gold to equal 1 million dollars as of right now….
      im pretty sure 32.50 lbs to have the equivalent purchasing power of 1 million dollars is not too bad. that's like 1 dumbbell.
      and the masse don't have that kind of money to stash but still to illustrate how little you need to store wealth physically

    17. TheKing on

      Hey Matt, do you think years from now the government can issue a executive order 6102 asking each bitcoiner to deliver all Bitcoin to them. Also, do you think the government could subpoena all KYC exchanges to deliver all the names of people who have bought Bitcoin and then target people that way?

    18. elmarques01 on

      "If you don't memorize your recovery seed, then it will not be in your brain and thus cannot be extracted through torture." But if you store your private keys (multi-sig) "… in a geographically distributed manner.", how can you leave your country in a rush?

    21. evan burke on

      Ah ha this is what it is all about. I was thinking Andrew Tates new algorithm showing up on my feed and everyone else’s feed was for a reason. Here we go and we will see this supposedly strong strong man be taken down ruing the moral of the people. Just another mechanism he will be.

    23. xhilll on

      Hi Matt-, What are the chances of USA making it illegal to self custody your bitcoin, but making it legal to own Bitcoin via spot ETF? Give me a number plz….

    24. jad1497 on

      I'd imagine Tate has multiple wallets in multiple countries. In hindsight, it probably wasn't a good idea to stay in an EU controlled country during a war in Europe. Especially if you're on the wrong side of the narrative.

    27. Austin Frazier on

      Pretty confident the US govt has all the top hardware wallets in a lab and testing them to crack them. They do this with phones as well. It’s the NSA’s job to do this. Or even worse they have strong armed these companies and have some sort of back door. So basically if they physically seize then there is some sort of kill switch to let them in.

      Maybe the best first defense is deception. If the govt doesn’t actually KNOW you own btc how can they target you ?

    29. Up to a point on

      This is my most trusted channel for BTC but I am perplexed by the continuous disparagement of gold despite both assets sharing the common goal of preventing seizure of wealth by the state. A more balanced comparison would have included the fact that the gold market is more than ten times the size of BTC and arguably easier to trade anywhere because of its former role as the world monetary standard. As de-dollarization progresses, both commodities need to cooperate in the general struggle for political reform through monetary security and the protection of international trade.

    31. ToeJoe on

      Didn’t the IMF just "cancel" their hostile efforts against BTC? If so, isn’t that a win for BTC legitimacy and, ultimately, global adoption?

    33. Simon Ramos on

      The quantum computing AI deepstate super intelligence will hack any crypto on the internet.

      Cold storage and non internet transfers of btc seem like the only way.

      Watch out thou, the hidden AI god is smarter than anyone can imagine

    38. KENEJ2005 on

      I think the quantities of BTC (circa 21) mentioned significantly underestimate Tate's holdings. He tweeted about buying sizeable amounts (circa 300 I think) at the COVID crash and I'm sure he has bought since. He has multiple properties in multiple jurisdictions as well as access to the intellectual resources in many countries to protect his wealth. I'd be amazed if he hadn't spread his BTC holdings amongst these in various cold-storage options (hardware wallets and perhaps institutional cold storage too). He also has a large amount of cash flow from his multiple businesses. I imagine the 'small' amount of BTC reported was kept in Romania intentionally as sacrificial BTC that he could give up to the authorities so it looks like he's co-operating. Either that or it was an amount he kept to hand to trade / pay bills with.

    40. Williams Sim on

      <Thanks for your videos mate,, TA is all well and good but I find it truly baffling that all major stocks you tubers just look at pure TA and completely Ignore the bigger narrative of why stock Is pumping and why the future outlook might not be as rosy as it seems. It's kinda irresponsible to ignore the fact that each ETF launch so far has caused a major pump at the peaks of stock.. We were already on shaky footing with historically low volume and almost pure whale pumps, narrowly avoiding a long-term bear market…more emphasis should be put into day trading as It is less affected by the unpredictable nature of the Market..I have made over 9btc from day trading with Walker kelvin, insights and signals in less than 6 weeks, this is one of the Best medium to backup your assets incise it goes bearish…..

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