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'''Dadvan Ismat Yousuf Yousuf''' (born April 9, 2000) is an Iraqi businessman. He made headlines in Switzerland as claimed the youngest self-made billionaire through ] investments.<ref>{{Cite web |last=Rossier (Fotos) |first=Kilian Marti (Text) und Philippe |date=2022-01-17 |title=Dadvan Yousuf ist der jüngste Selfmade-Milliardär im Land |url=https://www.blick.ch/wirtschaft/frueher-fluechtling-heute-superreich-dadvan-yousuf-ist-der-juengste-selfmade-milliardaer-der-schweiz-id17151361.html |access-date=2023-02-23 |website=Blick |language=de-CH}}</ref><ref>{{Cite web |date=2022-06-23 |title=Selfmade-Milliardär Dadvan Yousuf soll Fake-Uhren tragen |url=https://www.blick.ch/schweiz/influencer-behauptet-schweizer-selfmade-milliardaer-dadvan-yousuf-soll-fake-uhren-tragen-id17603172.html |access-date=2023-02-23 |website=Blick |language=de-CH}}</ref> '''Dadvan Ismat Yousuf Yousuf''' (born April 9, 2000) is an Iraqi businessman who made headlines in Switzerland claiming to be the youngest self-made billionaire through ] investments.<ref>{{Cite web |last=Rossier (Fotos) |first=Kilian Marti (Text) und Philippe |date=2022-01-17 |title=Dadvan Yousuf ist der jüngste Selfmade-Milliardär im Land |url=https://www.blick.ch/wirtschaft/frueher-fluechtling-heute-superreich-dadvan-yousuf-ist-der-juengste-selfmade-milliardaer-der-schweiz-id17151361.html |access-date=2023-02-23 |website=Blick |language=de-CH}}</ref><ref>{{Cite web |date=2022-06-23 |title=Selfmade-Milliardär Dadvan Yousuf soll Fake-Uhren tragen |url=https://www.blick.ch/schweiz/influencer-behauptet-schweizer-selfmade-milliardaer-dadvan-yousuf-soll-fake-uhren-tragen-id17603172.html |access-date=2023-02-23 |website=Blick |language=de-CH}}</ref>


As of 2023, he is currently under criminal investigations, primarily for ] and ] activities by the Public persecutors office of the ].<ref>{{Cite web |title=Dadvan Yousuf: Ermittlungen wegen Betrugs gegen Bitcoin-Investor |url=https://www.handelszeitung.ch/panorama/dadvan-yousuf-ermittlungen-wegen-betrugs-gegen-bitcoin-investor-565036 |access-date=2023-02-23 |website=Handelszeitung |language=de-CH}}</ref><ref>{{Cite web |date=2022-05-20 |title=Unter Geldwäscherei-Verdacht - Staatsanwaltschaft eröffnet Verfahren gegen «Krypto-King» Yousuf |url=https://www.srf.ch/news/wirtschaft/unter-geldwaescherei-verdacht-staatsanwaltschaft-eroeffnet-verfahren-gegen-krypto-king-yousuf |access-date=2023-02-23 |website=Schweizer Radio und Fernsehen (SRF) |language=de}}</ref> His Dornii Foundation is being investigated by the ] for unauthorized activities, such as operating without a license. The mandated investigator is the Swiss law firm Vischer AG.<ref>{{Cite web |last=FINMA |first=Eidgenössische Finanzmarktaufsicht |title=Dohrnii Stiftung |url=https://www.finma.ch/en/enforcement/enforcement-tools/precautionary-measures/investigating-agents-entered-in-the-commercial-register/dohrnii-stiftung/ |access-date=2023-02-23 |website=Eidgenössische Finanzmarktaufsicht FINMA |language=en}}</ref><ref>{{Cite web |date=2022-04-19 |title=Finma Sends Supervisor to Crypto Foundation |url=https://www.finews.com/news/english-news/51084-dadvan-yousuf-dohrnii-foundation-finma |access-date=2023-02-23 |website=finews.com |language=en-gb}}</ref><ref>{{Cite web |last=swissinfo.ch/mga |title=Refugee 'crypto millionaire' faces Swiss money laundering probe |url=https://www.swissinfo.ch/eng/business/refugee--crypto-millionaire--faces-swiss-money-laundering-probe/47611026 |access-date=2023-02-23 |website=SWI swissinfo.ch |language=en}}</ref> As of 2023, Yousuf is currently under criminal investigations for ] and ] activities by the ] of the ].<ref>{{Cite web |title=Dadvan Yousuf: Ermittlungen wegen Betrugs gegen Bitcoin-Investor |url=https://www.handelszeitung.ch/panorama/dadvan-yousuf-ermittlungen-wegen-betrugs-gegen-bitcoin-investor-565036 |access-date=2023-02-23 |website=Handelszeitung |language=de-CH}}</ref><ref>{{Cite web |date=2022-05-20 |title=Unter Geldwäscherei-Verdacht - Staatsanwaltschaft eröffnet Verfahren gegen «Krypto-King» Yousuf |url=https://www.srf.ch/news/wirtschaft/unter-geldwaescherei-verdacht-staatsanwaltschaft-eroeffnet-verfahren-gegen-krypto-king-yousuf |access-date=2023-02-23 |website=Schweizer Radio und Fernsehen (SRF) |language=de}}</ref> His Dornii Foundation is being investigated by the ] for unauthorized activities including operating without a license.<ref>{{Cite web |last=FINMA |first=Eidgenössische Finanzmarktaufsicht |title=Dohrnii Stiftung |url=https://www.finma.ch/en/enforcement/enforcement-tools/precautionary-measures/investigating-agents-entered-in-the-commercial-register/dohrnii-stiftung/ |access-date=2023-02-23 |website=Eidgenössische Finanzmarktaufsicht FINMA |language=en}}</ref><ref>{{Cite web |date=2022-04-19 |title=Finma Sends Supervisor to Crypto Foundation |url=https://www.finews.com/news/english-news/51084-dadvan-yousuf-dohrnii-foundation-finma |access-date=2023-02-23 |website=finews.com |language=en-gb}}</ref><ref>{{Cite web |last=swissinfo.ch/mga |title=Refugee 'crypto millionaire' faces Swiss money laundering probe |url=https://www.swissinfo.ch/eng/business/refugee--crypto-millionaire--faces-swiss-money-laundering-probe/47611026 |access-date=2023-02-23 |website=SWI swissinfo.ch |language=en}}</ref>


== Early life and education == == Early life and education ==
Yousuf was born in ], ] on April 9, 2000.<ref>{{Citation |title=Money Maker: Folge 3: Dadvan Yousuf - Kryptomillionär mit 17 (S01/E03) {{!}} ARD Mediathek |url=https://www.ardmediathek.de/video/money-maker/folge-3-dadvan-yousuf-kryptomillionaer-mit-17-s01-e03/das-erste/Y3JpZDovL21kci5kZS9iZWl0cmFnL2Ntcy81NDA2MGJkMC04M2M4LTRjMDgtOWM5Mi0zMzFiNGFlNzNhNzM |language=de |access-date=2023-02-23}}</ref> His father was part of the ] and fled the country to Switzerland before Yousuf was born. Three years later his mother left the country as well, together with her three sons.<ref name=":1">{{Cite web|title=Crypto-succès suisse – A 21 ans, l'ancien réfugié est devenu millionnaire grâce au Bitcoin|url=https://www.24heures.ch/grace-au-bitcoin-lancien-refugie-est-devenu-millionnaire-993759838489|access-date=2021-04-29|website=24 heures|language=fr}}</ref> They arrived in Neuenburg, Switzerland, in 2003 where his father had relocated.<ref name=":0">{{Cite web|title=Vom Flüchtling zum Millionär – Er tauschte seine Spielsachen gegen Bitcoins|url=https://www.derbund.ch/er-tauschte-seine-spielsachen-gegen-bitcoins-211737471906|access-date=2021-04-29|website=Der Bund|language=de}}</ref><ref name=":2">{{Cite web|date=2021-04-18|title=Svizzera, la favola di Dadvan, il giovane rifugiato curdo diventato milionario grazie ai Pokémon venduti a cambio di Bitcoin|url=https://www.repubblica.it/esteri/2021/04/18/news/svizzera_la_favola_di_dadvan_il_giovane_rifugiato_curdo_diventato_milionario_grazie_ai_pokemon_venduti_a_cambio_di_bitcoin-296997585/|access-date=2021-04-29|website=la Repubblica|language=it}}</ref> In 2004, the family was granted refugee and moved to Ipsach. Yousuf has five younger siblings who were born in Switzerland.<ref name=":3">{{Cite web|last=Tanner (Bilder)|first=Martin Beglinger (Text), Simon|title=Kryptowährungen: Vom Flüchtlingskind zum Bitcoin-Millionär|url=https://www.nzz.ch/gesellschaft/der-zauberlehrling-ld.1633078|access-date=2021-07-15|website=Neue Zürcher Zeitung|language=de}}</ref> Yousuf was born in ], ] on April 9, 2000.<ref>{{Citation |title=Money Maker: Folge 3: Dadvan Yousuf - Kryptomillionär mit 17 (S01/E03) {{!}} ARD Mediathek |url=https://www.ardmediathek.de/video/money-maker/folge-3-dadvan-yousuf-kryptomillionaer-mit-17-s01-e03/das-erste/Y3JpZDovL21kci5kZS9iZWl0cmFnL2Ntcy81NDA2MGJkMC04M2M4LTRjMDgtOWM5Mi0zMzFiNGFlNzNhNzM |language=de |access-date=2023-02-23}}</ref> His father was part of the ] and fled the country to Switzerland before Yousuf was born. Three years later his mother left the country, together with her three sons.<ref name=":1">{{Cite web|title=Crypto-succès suisse – A 21 ans, l'ancien réfugié est devenu millionnaire grâce au Bitcoin|url=https://www.24heures.ch/grace-au-bitcoin-lancien-refugie-est-devenu-millionnaire-993759838489|access-date=2021-04-29|website=24 heures|language=fr}}</ref> They arrived in Neuenburg, Switzerland, in 2003 where his father had relocated.<ref name=":0">{{Cite web|title=Vom Flüchtling zum Millionär – Er tauschte seine Spielsachen gegen Bitcoins|url=https://www.derbund.ch/er-tauschte-seine-spielsachen-gegen-bitcoins-211737471906|access-date=2021-04-29|website=Der Bund|language=de}}</ref><ref name=":2">{{Cite web|date=2021-04-18|title=Svizzera, la favola di Dadvan, il giovane rifugiato curdo diventato milionario grazie ai Pokémon venduti a cambio di Bitcoin|url=https://www.repubblica.it/esteri/2021/04/18/news/svizzera_la_favola_di_dadvan_il_giovane_rifugiato_curdo_diventato_milionario_grazie_ai_pokemon_venduti_a_cambio_di_bitcoin-296997585/|access-date=2021-04-29|website=la Repubblica|language=it}}</ref> In 2004, the family was granted refugee and moved to Ipsach. Yousuf has five younger siblings who were born in Switzerland.<ref name=":3">{{Cite web|last=Tanner (Bilder)|first=Martin Beglinger (Text), Simon|title=Kryptowährungen: Vom Flüchtlingskind zum Bitcoin-Millionär|url=https://www.nzz.ch/gesellschaft/der-zauberlehrling-ld.1633078|access-date=2021-07-15|website=Neue Zürcher Zeitung|language=de}}</ref>


In 2017, he started an apprenticeship at the ''Eidgenössische Hochschulinstitut für Berufsbildung'' in ]. Around the same time, Yousuf claims to have developed a software for automated trades in cryptocurrencies, based on an algorithm analysing data and predicting fluctuations in the future.<ref>{{Cite web |date=2021-08-23 |title=Vom Flüchtling zum Bitcoin-Millionär |url=https://tv.telezueri.ch/talktaeglich/vom-fluechtling-zum-bitcoin-millionaer-143477128 |access-date=2023-02-23 |website=TeleZüri |language=de-ch}}</ref> In 2017, Yousuf started an apprenticeship at the ''Eidgenössische Hochschulinstitut für Berufsbildung'' in ]. Around the same time, Yousuf claims to have developed a software for automated trades in cryptocurrencies, based on an algorithm analysing data and predicting fluctuations in the future.<ref>{{Cite web |date=2021-08-23 |title=Vom Flüchtling zum Bitcoin-Millionär |url=https://tv.telezueri.ch/talktaeglich/vom-fluechtling-zum-bitcoin-millionaer-143477128 |access-date=2023-02-23 |website=TeleZüri |language=de-ch}}</ref> According to Yousuf, the algorithm evaluates data stemming from ], ], ] and public statements about cryptocurrencies.<ref name=":4">{{Cite web|title=Der junge Kryptomillionär Dadvan Yousuf im Interview|url=https://www.handelszeitung.ch/geld/jung-und-kryptomillionar-selbst-von-grossbanken-abgewimmelt|access-date=2021-08-04|website=Handelszeitung|language=de}}</ref>


== Career == == Career ==
Yousuf's career started from an early age. When he first heard about Bitcoin with 11 years old, Yousuf sold some of his toys in his neighborhood in Ipsach, Bern and used the money to invest in ]. He bought 10 Bitcoins for ]15 each and has been trading in Bitcoin ever since.<ref name=":1" /> In 2012 he bought 1000 Bitcoins for ]11,126 each. In 2016, he invested in ] for the first time, buying 16 000 units for €134 000.<ref name=":3" /> At the age of 11, Yousuf sold some of his toys to acquire funds to invest in Bitcoin. With this initial investment, he purchased 10 Bitcoins at a price of €15 each and continued to trade in the cryptocurrency<ref name=":1" /><ref name=":0" />. In 2012, he acquired 1000 Bitcoins at a rate of €11,126 each. In 2016, Yousuf invested in Ethereum, buying 16,000 units at a total cost of €134,000.<ref name=":3" />


<ref name=":0" /> According to Yousuf, the algorithm evaluates data stemming from ], ], ] and public statements about cryptocurrencies.<ref name=":4">{{Cite web|title=Der junge Kryptomillionär Dadvan Yousuf im Interview|url=https://www.handelszeitung.ch/geld/jung-und-kryptomillionar-selbst-von-grossbanken-abgewimmelt|access-date=2021-08-04|website=Handelszeitung|language=de}}</ref> He founded the Dohrnii Foundation in ], which oversees the development of his cryptocurrency software.<ref>{{Cite web|date=2021-04-25|title=Cum a ajuns un refugiat irakian milionar în Elveția la 21 de ani. Era copil când și-a vândut figurinele Pokémon ca să-și cumpere Bitcoin|url=https://www.libertatea.ro/stiri/povestea-refugiatului-irakian-care-la-21-de-ani-a-ajuns-milionar-in-elvetia-la-11-ani-si-a-vandut-jucariile-ca-sa-cumpere-criptomonede-3519527|access-date=2021-04-29|website=Libertatea|language=ro}}</ref> He also introduced his own cryptocurrency Dohrnii (DHN) in March 2021 as well as another token DHND in 2023.<ref name=":4" /> Yousuf became a multi-millionaire through his cryptocurrency trades.<ref name=":0" /><ref name=":2" /> He is considered the youngest Swiss self-made millionaire.<ref>{{Cite web|last=Ritter|first=Pascal|date=2021-11-08|title=Mit Bitcoin aus der Armut: "Ich bin eine wandelnde Provokation" – der jüngste Schweizer Selfmade-Millionär im Interview|url=https://www.luzernerzeitung.ch/international/maerchenkarriere-mit-bitcoin-aus-der-armut-ich-bin-eine-wandelnde-provokation-der-juengste-schweizer-selfmade-millionaer-im-interview-ld.2210641?reduced=true|url-status=live|access-date=|website=]|language=German|archive-url=https://web.archive.org/web/20211108043800/https://www.luzernerzeitung.ch/international/maerchenkarriere-mit-bitcoin-aus-der-armut-ich-bin-eine-wandelnde-provokation-der-juengste-schweizer-selfmade-millionaer-im-interview-ld.2210641?reduced=true |archive-date=2021-11-08 }}</ref> Yousuf founded the Dohrnii Foundation in ], which oversees the development of his cryptocurrency software.<ref>{{Cite web|date=2021-04-25|title=Cum a ajuns un refugiat irakian milionar în Elveția la 21 de ani. Era copil când și-a vândut figurinele Pokémon ca să-și cumpere Bitcoin|url=https://www.libertatea.ro/stiri/povestea-refugiatului-irakian-care-la-21-de-ani-a-ajuns-milionar-in-elvetia-la-11-ani-si-a-vandut-jucariile-ca-sa-cumpere-criptomonede-3519527|access-date=2021-04-29|website=Libertatea|language=ro}}</ref> He also introduced his own cryptocurrency Dohrnii (DHN) in March 2021, as well as another token DHND in 2023.<ref name=":4" /> Yousuf became a multi-millionaire through his cryptocurrency trades,<ref name=":0" /><ref name=":2" /> and is considered the youngest Swiss self-made millionaire.<ref>{{Cite web|last=Ritter|first=Pascal|date=2021-11-08|title=Mit Bitcoin aus der Armut: "Ich bin eine wandelnde Provokation" – der jüngste Schweizer Selfmade-Millionär im Interview|url=https://www.luzernerzeitung.ch/international/maerchenkarriere-mit-bitcoin-aus-der-armut-ich-bin-eine-wandelnde-provokation-der-juengste-schweizer-selfmade-millionaer-im-interview-ld.2210641?reduced=true|url-status=live|access-date=|website=]|language=German|archive-url=https://web.archive.org/web/20211108043800/https://www.luzernerzeitung.ch/international/maerchenkarriere-mit-bitcoin-aus-der-armut-ich-bin-eine-wandelnde-provokation-der-juengste-schweizer-selfmade-millionaer-im-interview-ld.2210641?reduced=true |archive-date=2021-11-08 }}</ref>


In late 2021, Yousuf took over part of the Swiss startup Crowdlitoken and became their CEO subject to FMA.<ref>Michael Schäfer, Werner Grundlehner: '''', ], 12. November 2021.</ref> The startup was founded to develop solutions to allow people to invest in real estate through digital shares in the form of tokens.<ref>{{Cite news|last=Grundlehner|first=Michael Schäfer, Werner|title=Krypto-Millionär Yousuf will Immobilienanlagen revolutionieren|language=de|work=Neue Zürcher Zeitung|url=https://www.nzz.ch/finanzen/immobilien/krypto-millionaer-yousuf-will-immobilienanlagen-revolutionieren-ld.1653416?reduced=true|access-date=2021-11-15}}</ref>At the end of 2022, Yousuf published his autobiography. In late 2021, Yousuf took over part of the Swiss startup Crowdlitoken and became their CEO subject to the ].<ref>Michael Schäfer, Werner Grundlehner: '''', ], 12. November 2021.</ref> The startup was founded to develop solutions to allow people to invest in real estate through digital shares in the form of tokens.<ref>{{Cite news|last=Grundlehner|first=Michael Schäfer, Werner|title=Krypto-Millionär Yousuf will Immobilienanlagen revolutionieren|language=de|work=Neue Zürcher Zeitung|url=https://www.nzz.ch/finanzen/immobilien/krypto-millionaer-yousuf-will-immobilienanlagen-revolutionieren-ld.1653416?reduced=true|access-date=2021-11-15}}</ref>


== Controversy == == Controversy ==
In February 2022, several critical press articles were published about Dadvan Yousuf and his ventures.<ref>{{Cite web |date=2022-02-15 |title=Dadvan Yousuf (21) – Finma untersucht Stiftung von "Krypto-Zauberlehrling" |url=https://www.20min.ch/story/finma-untersucht-stiftung-von-krypto-zauberlehrling-820062566184 |access-date=2022-03-10 |website=20 Minuten |language=de}}</ref><ref name=":5">Martin Beglinger: ''„Der Krypto-Zauberlehrling wird von der Finma durchleuchtet“'', ], 14. Februar 2022</ref> For example, some information in his resume was embellished, which Yousuf again partly contradicts.<ref>{{Cite web |date=17 February 2022 |title=Krypto-"King" Dadvan Yousuf - der Krypto-"Milliardär" und seine fragwürdigen Transaktionen |url=https://www.srf.ch/news/wirtschaft/krypto-king-dadvan-yousuf-der-krypto-milliardaer-und-seine-fragwuerdigen-transaktionen}}</ref><ref>{{Cite web |last=Marti |first=Kilian |date=2022-03-22 |title=Dadvan Yousuf: Der Krypto-"Milliardär" verteidigt sich gegen die Vorwürfe |url=https://www.blick.ch/wirtschaft/der-juengste-krypto-milliardaer-jetzt-verteidigt-sich-dadvan-yousuf-gegen-die-schaerfsten-vorwuerfe-id17337027.html |access-date=2022-03-23 |website=Blick |language=de-CH}}</ref> Because of his crypto ventures, Yousuf is also currently in contact with the Swiss regulator ].<ref name=":5" /><ref>{{Cite web |title=Junger Bitcoin-Investor – Geht beim Berner Kryptomillionär alles mit rechten Dingen zu? |url=https://www.derbund.ch/geht-beim-berner-kryptomillionaer-alles-mit-rechten-dingen-zu-886978673214 |access-date=2022-03-10 |website=Der Bund |language=de}}</ref> According to the company's own statements, the guidelines for the ] were adhered to, but this cannot be proven; according to a crypto expert of the Swiss newspaper ], this may be possible under certain circumstances (as of March 2022).<ref>{{Cite web |title=Kryptomilliardär Dadvan Yousuf: Kritik wird laut |url=https://www.handelszeitung.ch/musterportfolios/borsennews/die-wahrheit-uber-die-saga-des-kryptomilliardars-dadvan-yousuf |access-date=2022-03-10 |website=Handelszeitung |language=de-CH}}</ref> His foundation is currently being investigated on ] charges by FINMA and put under supervision of the law firm ] in ].<ref>{{Cite web |last=AG |first=DV Bern |title=Dohrnii Stiftung |url=https://zg.chregister.ch/cr-portal/auszug/auszug.xhtml?uid=CHE-402.724.482 |access-date=2023-02-23 |website=Commercial register of canton Zug}}</ref><ref>{{Cite web |title=Berner Kryptomillionär – Staatsanwaltschaft bestätigt Verfahren gegen Dadvan Yousuf |url=https://www.bernerzeitung.ch/staatsanwaltschaft-eroeffnet-verfahren-gegen-dadvan-yousuf-209244244197 |access-date=2023-02-23 |website=Berner Zeitung |language=de}}</ref> In February 2022, several critical press articles were released scrutinizing Yousuf's professional activities and credentials<ref>{{Cite web |date=2022-02-15 |title=Dadvan Yousuf (21) – Finma untersucht Stiftung von "Krypto-Zauberlehrling" |url=https://www.20min.ch/story/finma-untersucht-stiftung-von-krypto-zauberlehrling-820062566184 |access-date=2022-03-10 |website=20 Minuten |language=de}}</ref><ref name=":5">Martin Beglinger: ''„Der Krypto-Zauberlehrling wird von der Finma durchleuchtet“'', ], 14. Februar 2022</ref>. Some reports alleged embellishments in his resume, though Yousuf has partially disputed these claims<ref>{{Cite web |date=17 February 2022 |title=Krypto-"King" Dadvan Yousuf - der Krypto-"Milliardär" und seine fragwürdigen Transaktionen |url=https://www.srf.ch/news/wirtschaft/krypto-king-dadvan-yousuf-der-krypto-milliardaer-und-seine-fragwuerdigen-transaktionen}}</ref><ref>{{Cite web |last=Marti |first=Kilian |date=2022-03-22 |title=Dadvan Yousuf: Der Krypto-"Milliardär" verteidigt sich gegen die Vorwürfe |url=https://www.blick.ch/wirtschaft/der-juengste-krypto-milliardaer-jetzt-verteidigt-sich-dadvan-yousuf-gegen-die-schaerfsten-vorwuerfe-id17337027.html |access-date=2022-03-23 |website=Blick |language=de-CH}}</ref>. Regarding his involvement in cryptocurrency, Yousuf's engagements have drawn the attention of the ]<ref name=":5" /><ref>{{Cite web |title=Junger Bitcoin-Investor – Geht beim Berner Kryptomillionär alles mit rechten Dingen zu? |url=https://www.derbund.ch/geht-beim-berner-kryptomillionaer-alles-mit-rechten-dingen-zu-886978673214 |access-date=2022-03-10 |website=Der Bund |language=de}}</ref>. The company has stated that guidelines were followed for an ], but as of March 2022, this has not been independently verified. Some experts, including one cited by the Swiss newspaper ], suggest that compliance might be possible under certain conditions<ref>{{Cite web |title=Kryptomilliardär Dadvan Yousuf: Kritik wird laut |url=https://www.handelszeitung.ch/musterportfolios/borsennews/die-wahrheit-uber-die-saga-des-kryptomilliardars-dadvan-yousuf |access-date=2022-03-10 |website=Handelszeitung |language=de-CH}}</ref>. Concurrently, ] is investigating Yousuf's foundation on money laundering charges<ref>{{Cite web |last=AG |first=DV Bern |title=Dohrnii Stiftung |url=https://zg.chregister.ch/cr-portal/auszug/auszug.xhtml?uid=CHE-402.724.482 |access-date=2023-02-23 |website=Commercial register of canton Zug}}</ref><ref>{{Cite web |title=Berner Kryptomillionär – Staatsanwaltschaft bestätigt Verfahren gegen Dadvan Yousuf |url=https://www.bernerzeitung.ch/staatsanwaltschaft-eroeffnet-verfahren-gegen-dadvan-yousuf-209244244197 |access-date=2023-02-23 |website=Berner Zeitung |language=de}}</ref>.


In early 2023, it became public that Yousuf may have financial issues, due to the ongoing investigations of the ] (FINMA). It was reported that he has several unpaid debts, such as hotel invoices in extent of 80,000 Swiss Francs (approximately $85k) for stays at the ] in ]. Additionally there are outstanding collections of several service providers such as of a ] dealership, City Judge Office, taxi companies. Yousuf argued that the FINMA blocked his accounts which resulted in payment difficulties for him.<ref>{{Cite web |last=Hässig |first=Lukas |date=2023-02-07 |title=Krypto-Yousuf schuldet Dolder Grand 80'000 Franken |url=https://insideparadeplatz.ch/2023/02/07/krypto-yousuf-schuldet-dolder-grand-61000-franken/ |access-date=2023-02-23 |website=Inside Paradeplatz |language=de-DE}}</ref><ref>{{Cite web |date=2023-01-18 |title=Ermittlungen gegen Krypto-Investor Dadvan Yousuf |url=https://www.blick.ch/wirtschaft/betrug-und-geldwaescherei-ermittlungen-gegen-krypto-investor-dadvan-yousuf-gehen-weiter-id18238829.html |access-date=2023-02-23 |website=Blick |language=de-CH}}</ref> In early 2023, information emerged about potential financial difficulties faced by Yousuf, in connection with ongoing investigations by ]. Reports indicate the presence of unpaid debts, including hotel invoices amounting to 80,000 Swiss Francs (approximately $85,000) related to stays at the ] in Zürich, Switzerland<ref>{{Cite web |last=Hässig |first=Lukas |date=2023-02-07 |title=Krypto-Yousuf schuldet Dolder Grand 80'000 Franken |url=https://insideparadeplatz.ch/2023/02/07/krypto-yousuf-schuldet-dolder-grand-61000-franken/ |access-date=2023-02-23 |website=Inside Paradeplatz |language=de-DE}}</ref>. There are also reported outstanding collections from various service providers, such as a Rolls-Royce dealership, the City Judge Office, and taxi companies. Yousuf has attributed these payment difficulties to his accounts being blocked by ]<ref>{{Cite web |date=2023-01-18 |title=Ermittlungen gegen Krypto-Investor Dadvan Yousuf |url=https://www.blick.ch/wirtschaft/betrug-und-geldwaescherei-ermittlungen-gegen-krypto-investor-dadvan-yousuf-gehen-weiter-id18238829.html |access-date=2023-02-23 |website=Blick |language=de-CH}}</ref>.


==References== ==References==

Revision as of 09:45, 10 August 2023

Kurdish entrepreneur
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Dadvan Yousuf
BornDadvan Ismat Yousuf Yousuf
(2000-04-09) April 9, 2000 (age 24)
Zakho, Kurdistan, Iraq
Occupation(s)Businessman, Bitcoin investor
Years active2011-present
Known forBitcoin activities,

Dadvan Ismat Yousuf Yousuf (born April 9, 2000) is an Iraqi businessman who made headlines in Switzerland claiming to be the youngest self-made billionaire through bitcoin investments.

As of 2023, Yousuf is currently under criminal investigations for money laundering and fraud activities by the Public Prosecutor's Office of the Canton of Bern. His Dornii Foundation is being investigated by the Swiss Financial Market Supervisory Authority (FINMA) for unauthorized activities including operating without a license.

Early life and education

Yousuf was born in Zakho, Iraqi Kurdistan on April 9, 2000. His father was part of the Peshmerga and fled the country to Switzerland before Yousuf was born. Three years later his mother left the country, together with her three sons. They arrived in Neuenburg, Switzerland, in 2003 where his father had relocated. In 2004, the family was granted refugee and moved to Ipsach. Yousuf has five younger siblings who were born in Switzerland.

In 2017, Yousuf started an apprenticeship at the Eidgenössische Hochschulinstitut für Berufsbildung in Zollikofen. Around the same time, Yousuf claims to have developed a software for automated trades in cryptocurrencies, based on an algorithm analysing data and predicting fluctuations in the future. According to Yousuf, the algorithm evaluates data stemming from technical analysis, social media, macroeconomics and public statements about cryptocurrencies.

Career

At the age of 11, Yousuf sold some of his toys to acquire funds to invest in Bitcoin. With this initial investment, he purchased 10 Bitcoins at a price of €15 each and continued to trade in the cryptocurrency. In 2012, he acquired 1000 Bitcoins at a rate of €11,126 each. In 2016, Yousuf invested in Ethereum, buying 16,000 units at a total cost of €134,000.

Yousuf founded the Dohrnii Foundation in Zug, which oversees the development of his cryptocurrency software. He also introduced his own cryptocurrency Dohrnii (DHN) in March 2021, as well as another token DHND in 2023. Yousuf became a multi-millionaire through his cryptocurrency trades, and is considered the youngest Swiss self-made millionaire.

In late 2021, Yousuf took over part of the Swiss startup Crowdlitoken and became their CEO subject to the Swiss Financial Market Supervisory Authority. The startup was founded to develop solutions to allow people to invest in real estate through digital shares in the form of tokens.

Controversy

In February 2022, several critical press articles were released scrutinizing Yousuf's professional activities and credentials. Some reports alleged embellishments in his resume, though Yousuf has partially disputed these claims. Regarding his involvement in cryptocurrency, Yousuf's engagements have drawn the attention of the Swiss Financial Market Supervisory Authority (FINMA). The company has stated that guidelines were followed for an Initial Coin Offering, but as of March 2022, this has not been independently verified. Some experts, including one cited by the Swiss newspaper Blick, suggest that compliance might be possible under certain conditions. Concurrently, FINMA is investigating Yousuf's foundation on money laundering charges.

In early 2023, information emerged about potential financial difficulties faced by Yousuf, in connection with ongoing investigations by FINMA. Reports indicate the presence of unpaid debts, including hotel invoices amounting to 80,000 Swiss Francs (approximately $85,000) related to stays at the Dolder Grand in Zürich, Switzerland. There are also reported outstanding collections from various service providers, such as a Rolls-Royce dealership, the City Judge Office, and taxi companies. Yousuf has attributed these payment difficulties to his accounts being blocked by FINMA.

References

  1. Rossier (Fotos), Kilian Marti (Text) und Philippe (2022-01-17). "Dadvan Yousuf ist der jüngste Selfmade-Milliardär im Land". Blick (in Swiss High German). Retrieved 2023-02-23.
  2. "Selfmade-Milliardär Dadvan Yousuf soll Fake-Uhren tragen". Blick (in Swiss High German). 2022-06-23. Retrieved 2023-02-23.
  3. "Dadvan Yousuf: Ermittlungen wegen Betrugs gegen Bitcoin-Investor". Handelszeitung (in Swiss High German). Retrieved 2023-02-23.
  4. "Unter Geldwäscherei-Verdacht - Staatsanwaltschaft eröffnet Verfahren gegen «Krypto-King» Yousuf". Schweizer Radio und Fernsehen (SRF) (in German). 2022-05-20. Retrieved 2023-02-23.
  5. FINMA, Eidgenössische Finanzmarktaufsicht. "Dohrnii Stiftung". Eidgenössische Finanzmarktaufsicht FINMA. Retrieved 2023-02-23.
  6. "Finma Sends Supervisor to Crypto Foundation". finews.com. 2022-04-19. Retrieved 2023-02-23.
  7. swissinfo.ch/mga. "Refugee 'crypto millionaire' faces Swiss money laundering probe". SWI swissinfo.ch. Retrieved 2023-02-23.
  8. Money Maker: Folge 3: Dadvan Yousuf - Kryptomillionär mit 17 (S01/E03) | ARD Mediathek (in German), retrieved 2023-02-23
  9. ^ "Crypto-succès suisse – A 21 ans, l'ancien réfugié est devenu millionnaire grâce au Bitcoin". 24 heures (in French). Retrieved 2021-04-29.
  10. ^ "Vom Flüchtling zum Millionär – Er tauschte seine Spielsachen gegen Bitcoins". Der Bund (in German). Retrieved 2021-04-29.
  11. ^ "Svizzera, la favola di Dadvan, il giovane rifugiato curdo diventato milionario grazie ai Pokémon venduti a cambio di Bitcoin". la Repubblica (in Italian). 2021-04-18. Retrieved 2021-04-29.
  12. ^ Tanner (Bilder), Martin Beglinger (Text), Simon. "Kryptowährungen: Vom Flüchtlingskind zum Bitcoin-Millionär". Neue Zürcher Zeitung (in German). Retrieved 2021-07-15.{{cite web}}: CS1 maint: multiple names: authors list (link)
  13. "Vom Flüchtling zum Bitcoin-Millionär". TeleZüri (in Swiss High German). 2021-08-23. Retrieved 2023-02-23.
  14. ^ "Der junge Kryptomillionär Dadvan Yousuf im Interview". Handelszeitung (in German). Retrieved 2021-08-04.
  15. "Cum a ajuns un refugiat irakian milionar în Elveția la 21 de ani. Era copil când și-a vândut figurinele Pokémon ca să-și cumpere Bitcoin". Libertatea (in Romanian). 2021-04-25. Retrieved 2021-04-29.
  16. Ritter, Pascal (2021-11-08). "Mit Bitcoin aus der Armut: "Ich bin eine wandelnde Provokation" – der jüngste Schweizer Selfmade-Millionär im Interview". Luzerner Zeitung (in German). Archived from the original on 2021-11-08.
  17. Michael Schäfer, Werner Grundlehner: Der Krypto-Zauberlehrling zündet die nächste Stufe, Neue Zürcher Zeitung, 12. November 2021.
  18. Grundlehner, Michael Schäfer, Werner. "Krypto-Millionär Yousuf will Immobilienanlagen revolutionieren". Neue Zürcher Zeitung (in German). Retrieved 2021-11-15.{{cite news}}: CS1 maint: multiple names: authors list (link)
  19. "Dadvan Yousuf (21) – Finma untersucht Stiftung von "Krypto-Zauberlehrling"". 20 Minuten (in German). 2022-02-15. Retrieved 2022-03-10.
  20. ^ Martin Beglinger: „Der Krypto-Zauberlehrling wird von der Finma durchleuchtet“, Neue Zürcher Zeitung, 14. Februar 2022
  21. "Krypto-"King" Dadvan Yousuf - der Krypto-"Milliardär" und seine fragwürdigen Transaktionen". 17 February 2022.
  22. Marti, Kilian (2022-03-22). "Dadvan Yousuf: Der Krypto-"Milliardär" verteidigt sich gegen die Vorwürfe". Blick (in Swiss High German). Retrieved 2022-03-23.
  23. "Junger Bitcoin-Investor – Geht beim Berner Kryptomillionär alles mit rechten Dingen zu?". Der Bund (in German). Retrieved 2022-03-10.
  24. "Kryptomilliardär Dadvan Yousuf: Kritik wird laut". Handelszeitung (in Swiss High German). Retrieved 2022-03-10.
  25. AG, DV Bern. "Dohrnii Stiftung". Commercial register of canton Zug. Retrieved 2023-02-23.
  26. "Berner Kryptomillionär – Staatsanwaltschaft bestätigt Verfahren gegen Dadvan Yousuf". Berner Zeitung (in German). Retrieved 2023-02-23.
  27. Hässig, Lukas (2023-02-07). "Krypto-Yousuf schuldet Dolder Grand 80'000 Franken". Inside Paradeplatz (in German). Retrieved 2023-02-23.
  28. "Ermittlungen gegen Krypto-Investor Dadvan Yousuf". Blick (in Swiss High German). 2023-01-18. Retrieved 2023-02-23.
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