Katie Price Finds About $3 in Ex‑Husband’s Crypto Wallet After $50 Million Claim

Katie Price told Good Morning Britain that she has ended her marriage after a friend checked the crypto wallet her husband, Lee Andrews, claimed contained 50 million USDT. The balance shown on the wallet was about £2.22, roughly $3, and did not change when she re‑checked minutes later.

Andrews’ Response

Andrews, who is being held in a civil detention centre in the United Arab Emirates over unpaid debts, sent a voice note to the programme. He said Price opened the wrong wallet and insisted the $50 million is real, claiming the funds sit in a different address. He offered to send a presenter £10,000 to demonstrate the ability to move funds and said he would take a lie‑detector test once released.

Understanding Wallet Balances

A blockchain address publicly displays the assets it holds, but it does not reveal who controls the private key needed to move those assets. Consequently, anyone can view a wallet’s balance, but only the holder of the private key can prove ownership by sending a transaction.

Legal Context

Courts are currently addressing similar issues of control versus ownership. Tether, the issuer of USDT, is facing a lawsuit over frozen wallets containing $42.4 million, a case that also hinges on who can act on a given address.

Personal Impact

Price said she feels “embarrassed” and “scammed” after the discrepancy. She has filed for divorce. Andrews remains detained over debts he claims to have cleared, and he has not disclosed the wallet address he says holds the $50 million, leaving the claim unverified.