Katie Price told Good Morning Britain she has ended her marriage after checking her husband’s crypto wallet and finding roughly $3 where Lee Andrews had promised $50 million.
Andrews, held in a civil jail in the United Arab Emirates over unpaid debts, sent the programme a voicenote from detention. He said she opened the wrong wallet and that the money is real.
What Katie Price Found in the Crypto Wallet
Price said a friend who trades crypto opened the wallet on her phone while she was abroad. The balance came to about £2.22, close to $3. She checked again minutes before going on air and said nothing had moved.
Andrews did not dispute that figure. He said the balance sits in a different wallet, offered to send a presenter £10,000 to show he can move funds, and offered to take a lie detector test once released.
“I hope it actually shows by Wednesday that there is 50 million USDT there, which has been legitimately made,” Andrews said that in the voicenote.
USDT is Tether, a stablecoin built to trade near one dollar. It is the third largest crypto asset by market value, so 50 million units would be worth about $50 million.
Other claims have already come apart. Price said Andrews valued a ring he gave her at £72,000. A jeweller told her the stones were lab grown and put the ring at about £5,000.
Why a Wallet Balance Does Not Prove Ownership
Anyone with the address can read a blockchain wallet. That is what let Price test the claim herself, without a bank, a lawyer or his permission.
It stops there. An address reveals what sits inside it, not who holds the private key that moves the money. Sending a payment out proves access in that moment, not ownership of the account.
Courts are working through the same gray area. Tether faces a lawsuit over frozen wallets holding $42.4 million, a case that turns on who controls an address and who may act on it.
“I feel embarrassed because I feel he’s scammed my heart and stole my trust,” Price said in the interview.
She has filed for divorce. Andrews remains detained over debts he says he has already cleared, and he expects release soon. He has not made the wallet address public, so there is still no way to check whether the $50 million was ever there.
Source: BeInCrypto
