DADDY token fell 24% to about $0.011 after US Marshals arrested Andrew and Tristan Tate in Miami on a UK extradition request involving 59 total charges.
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DADDY token drops 24% to $0.011 after Tate brothers' arrest in Miami
DADDY token fell 24% to about $0.011 on Sunday after US Marshals arrested Andrew and Tristan Tate in Miami on a UK extradition request.
Andrew Tate faces 42 charges including rape, human trafficking and indecent images of a child, while Tristan Tate faces 17 charges including sexual assault and trafficking, the UK Crown Prosecution Service said.
The Solana-based meme coin, built on Andrew Tate's brand, has now lost 96% of its value from its 2024 peak, reflecting thin trading volume and the token's sensitivity to the brothers' legal troubles. The US Marshals Service detained the brothers on a sealed warrant Saturday, with a law enforcement source confirming the arrest was tied to the UK extradition request.
The brothers are expected to appear in federal court in Miami next week, with extradition hearings set to determine whether they will face trial in the UK. The proceedings represent the next major catalyst for DADDY token, which derives its value almost entirely from Andrew Tate's personal brand.
Bedfordshire Police, which led the UK investigation, said officers from its major crime unit worked alongside the Crown Prosecution Service and international law enforcement agencies. The charges relate to allegations dating back to 2012 in the Bedfordshire and Hertfordshire areas north of London, where the brothers grew up.
The arrest marks the latest chapter in a legal saga that began with the brothers' 2022 detention in Romania on separate trafficking allegations. That case did not proceed due to legal and procedural irregularities. The UK extradition request adds a new layer of legal exposure for the brothers, who are dual US and British citizens.
Joseph McBride, an attorney representing the Tate brothers, called the UK charges "filth and slander" and said the extradition request violated an agreement between the UK and Romanian governments. "America does not do Britain's political dirty work," McBride said.
This article is for informational purposes only and does not constitute investment advice.
[1] DADDY Token Falls 24% On Tate Brothers' Arrest and New UK Charges[2] DADDY token drops 24% after Tate brothers arres... | Pluang[3] The Tate brothers are arrested in Miami, U.S. Marshals Service tells AP - NPR[4] Social media influencers Andrew and Tristian Tate arrested in Miami, US Marshals Service tells AP - Bozeman Daily Chronicle[5] The Tate brothers arrested by US Marshals on UK extradition request over rape charges - CNN
