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Dadvan Yousuf

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Kurdish entrepreneur
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Dadvan Yousuf
Yousuf wearing a suitDadvan Yousuf (2021)
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 cryptocurrency investor and businessman whose early bitcoin investments made him the youngest self-made billionaire in Switzerland.

Yousuf and his companies have been involved in a number of allegations including money laundering and fraud and he is currently under criminal investigation by the Public Prosecutor's Office of the Canton of Bern.

Early life

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, he commenced an apprenticeship at the "Eidgenössische Hochschulinstitut für Berufsbildung" situated in Zollikofen. It has been reported that during this period, Yousuf worked on a software application purportedly designed for automated cryptocurrency trading. This application is said to utilize an algorithmic approach to analyze data and make predictions about future market fluctuations.

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 became a multi-millionaire through his cryptocurrency trades, and is considered the youngest Swiss self-made millionaire.

In early 2021, Yousuf founded the Dohrnii Foundation to oversee the development of his cryptocurrency software and own cryptocurreny tokens. He resigned as CEO in February 2023, and following enforcement proceedings by the Swiss Financial Market Supervisory Authority, the Dohrnii Foundation was dissolved in June 2023.

In November 2021, Yousuf was included in the Forbes 30 Under 30 list for the DACH region.

In late 2021, Yousuf joined the board of Crowdlitoken, a Liechtenstein startup developing technology 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. Reports alleged embellishments to his resume, irregularities in transactions, and false representation. Subsequently, in March 2022, Yousuf filed a defamation complaint against two journalists from SRF Investigativ, a Swiss media outlet.

Yousuf's involvements in cryptocurrency have drawn the attention of the Swiss Financial Market Supervisory Authority. In May 2022, the Dohrnii Foundation was investigated for engaging in various regulated activities, including acting illegally as a securities firm, without obtaining the required FINMA authorization. In May 2023 the regulator issued cease-and-desist orders against the foundation and Yousuf.

In May 2023, Yousuf became the subject of a criminal investigation by the Public Prosecutor's Office of the Canton of Bern due to allegations of fraud and embezzlement.

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. swissinfo.ch/mga (2022-05-20). "Refugee 'crypto millionaire' faces Swiss money laundering probe". SWI swissinfo.ch. Retrieved 2023-08-17.
  3. "Krypto-«King» Dadvan Yousuf – Der Krypto-«Milliardär» und seine fragwürdigen Transaktionen". Schweizer Radio und Fernsehen (SRF) (in German). 2022-02-17. Retrieved 2023-08-10.
  4. "Geldwäscherei und Betrug: Ermittlungen gegen «Kryptomilliardär» Dadvan Yousuf gehen weiter". 20 Minuten (in German). 2023-01-18. Retrieved 2023-08-10.
  5. Money Maker: Folge 3: Dadvan Yousuf – Kryptomillionär mit 17 (S01/E03) | ARD Mediathek (in German), retrieved 2023-02-23
  6. ^ "Crypto-succès suisse – A 21 ans, l'ancien réfugié est devenu millionnaire grâce au Bitcoin". 24 heures (in French). 21 April 2021. Retrieved 2021-04-29.
  7. ^ "Vom Flüchtling zum Millionär – Er tauschte seine Spielsachen gegen Bitcoins". Der Bund (in German). 2 April 2021. Retrieved 2021-04-29.
  8. ^ "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.
  9. ^ 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)
  10. "Der junge Kryptomillionär Dadvan Yousuf im Interview". Handelszeitung (in Swiss High German). Retrieved 2023-08-21.
  11. Rall, Philipp (2021-07-21). "Bitcoin-Millionär mit 21: Dadvan Yousuf zeigt, wie es geht". Futurezone (in German). Retrieved 2023-08-21.
  12. "Kryptowährung: Dadvan Yousuf ist 21 Jahre alt und Multimillionär". Aargauer Zeitung (in German). 2021-09-11. Retrieved 2023-08-21.
  13. 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.
  14. Dobrescu, Petre (2021-04-25). "Cum a ajuns un refugiat irakian milionar în Elveția la 21 de ani. Era copil când și-a vândut figurinele Pokemon ca să-și cumpere Bitcoin". Libertatea (in Romanian). Retrieved 2023-08-10.
  15. "Künftig nur noch Repräsentant: Bitcoin-Millionär Dadvan Yousuf legt Ämter bei Krypto-Bildungsplattform nieder". Handelszeitung (in Swiss High German). Retrieved 2023-08-17.
  16. Nikolova, Maria (2023-05-17). "Swiss FINMA concludes proceedings against crypto platform Dohrnii Foundation". FX News Group. Retrieved 2023-08-15.
  17. "Dadvan Yousuf". Forbes (in German). 2021-11-23. Retrieved 2023-08-10.
  18. Michael Schäfer, Werner Grundlehner: Der Krypto-Zauberlehrling zündet die nächste Stufe, Neue Zürcher Zeitung, 12. November 2021.
  19. 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)
  20. "Dadvan Yousuf (21) – Finma untersucht Stiftung von "Krypto-Zauberlehrling"". 20 Minuten (in German). 2022-02-15. Retrieved 2022-03-10.
  21. ^ Martin Beglinger: „Der Krypto-Zauberlehrling wird von der Finma durchleuchtet“, Neue Zürcher Zeitung, 14. Februar 2022
  22. "Krypto-"King" Dadvan Yousuf – der Krypto-"Milliardär" und seine fragwürdigen Transaktionen". 17 February 2022.
  23. Marti, Kilian (2022-03-22). "Dadvan Yousuf: Der Krypto-"Milliardär" verteidigt sich gegen die Vorwürfe". Blick (in Swiss High German). Retrieved 2022-03-23.
  24. "Dadvan Yousuf: Strafanzeige gegen Autorinnen des Schweizer Fernsehens". Handelszeitung (in Swiss High German). Retrieved 2023-08-10.
  25. "Junger Bitcoin-Investor – Geht beim Berner Kryptomillionär alles mit rechten Dingen zu?". Der Bund (in German). 17 February 2022. Retrieved 2022-03-10.
  26. "Untersuchung der Finma – Kryptowährungen: Finma rügt Dadvan Yousuf und seine Stiftung". Schweizer Radio und Fernsehen (SRF) (in German). 2023-05-17. Retrieved 2023-08-10.
  27. "Untersuchung gegen Kryptomillionär – Finma rügt Krypto-Stiftung Dohrnii und deren Gründer Dadvan Yousuf". Tages-Anzeiger (in German). 2023-05-17. Retrieved 2023-08-10.
  28. swissinfo.ch/mga (2023-05-17). "Swiss regulator shuts down rogue crypto school". SWI swissinfo.ch. Retrieved 2023-08-10.
  29. "Krypto-«King» – Strafuntersuchung gegen Dadvan Yousuf". Schweizer Radio und Fernsehen (SRF) (in German). 2023-05-10. Retrieved 2023-08-10.
  30. Baumert, Anna. "Strafuntersuchung gegen «Krypto-King» Dadvan Yousuf". Nau (in German). Retrieved 2023-08-10.
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