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{{COI|date=September 2024}}
{{pp|small=yes}}
{{Short description|Kurdish entrepreneur}} {{Short description|Kurdish entrepreneur}}
{{Infobox person {{Infobox person
| name = Dadvan Yousuf | name = Dadvan Yousuf
| image = Dadvan Yousuf.jpg | image = Dadvan Yousuf.jpg
| alt = <!-- descriptive text for use by speech synthesis (text-to-speech) software --> | alt = Yousuf wearing a suit
| caption = | caption = Dadvan Yousuf (2021)
| other_names = | other_names =
| birth_name = <!-- only use if different from name --> | birth_name = Dadvan Ismat Yousuf Yousuf
| birth_date = {{Birth date and age|2000|04|09}} | birth_date = {{Birth date and age|2000|04|09}}
| birth_place = Iraqi Kurdistan | birth_place = ], Kurdistan, Iraq
| death_date = <!-- {{Death date and age|YYYY|MM|DD|YYYY|MM|DD}} (DEATH date then BIRTH date) --> | death_date =
| death_place = | death_place =
| nationality = Iraqi | occupation = Businessman, Bitcoin investor
| occupation = | years_active = 2011–present
| years_active = | known_for = ] activities
| known_for = Cryptocurrency trade
| notable_works = | notable_works =
}} }}
'''Dadvan Ismat Yousuf Yousuf''' (born April 9, 2000) is an Iraqi ] investor and businessman whose early ] investments made him the youngest self-made ] in Switzerland.<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> Yousuf and his companies have been the subject of a number of investigations into financial impropriety.<ref>{{Cite web |last=swissinfo.ch/mga |date=2022-05-20 |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=2023-08-17 |website=SWI swissinfo.ch |language=en}}</ref><ref>{{Cite web |date=2023-05-10 |title=Krypto-«King» - Strafuntersuchung gegen Dadvan Yousuf |url=https://www.srf.ch/news/wirtschaft/krypto-king-strafuntersuchung-gegen-dadvan-yousuf |access-date=2023-12-11 |website=Schweizer Radio und Fernsehen (SRF) |language=de}}</ref><ref>{{Cite web |date=2023-05-10 |title=Strafverfahren gegen Dadvan Yousuf – 23-jähriger Berner Krypto-millionär soll Anleger getäuscht haben |url=https://www.tagesanzeiger.ch/23-jaehriger-berner-kryptomillionaer-soll-anleger-getaeuscht-haben-428709352171 |access-date=2023-12-11 |website=Tages-Anzeiger |language=de}}</ref>
{{POV}}
'''Dadvan Yousuf''' (born 9 April, 2000 in Awihee, ]) is a ] entrepreneur from Iraq who lives in ].


== Life == == Early life ==
Yousuf was born in ] in 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 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 Pokemon 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 which 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=]|date=21 April 2021 |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|date=2 April 2021 |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 status and moved to Ipsach. Yousuf has five younger siblings who were born in Switzerland.<ref name=":3">{{Cite news|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|date=7 July 2021 |language=de}}</ref> In his early years, he showed a interest in the field of finance, particularly on ] and international money transfers.<ref>{{Cite news |last=Beglinger (Text) |first=Martin |date=2021-07-07 |title=Kryptowährungen: Vom Flüchtlingskind zum Bitcoin-Millionär |language=de-CH |work=Neue Zürcher Zeitung |url=https://www.nzz.ch/gesellschaft/der-zauberlehrling-ld.1633078 |access-date=2023-12-11 |issn=0376-6829}}</ref>


== Career ==
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 ] 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 ]. With this initial investment, he purchased 10 Bitcoins at a price of €15 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. In 2016, Yousuf invested in ], buying 16,000 units at a total cost of €134,000.<ref name=":3" /> 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 2017, he started an apprenticeship at the ''Eidgenössische Hochschulinstitut für Berufsbildung'' in ]. This is most likely a lie given the requirements to study at this institution.<ref>https://www.sfuvet.swiss/</ref> Dadvan Yousuf also flunked his apprenticeship and was refused the diploma because his grades where way too bad. A copy is published in the referenced article<ref>https://insideparadeplatz.ch/2022/02/15/nzz-kriegt-kalte-fuesse-wegen-dem-krypto-prinzen/</ref> In 2017 he started an apprenticeship at the Eidgenössische Hochschulinstitut für Berufsbildung in Zollikofen. He finished his apprenticeship with a real estate company in Bern. Around the same time, Yousuf claims, he developed a software for automated trades in cryptocurrencies, based on an algorithm analysing data and predicting fluctuations in the future. The algorithm evaluates data stemming from technical analysis, social media, macroeconomics and public statements about cryptocurrencies.<ref>{{Cite news |last=Beglinger (text) |first=Martin |date=2021-07-14 |title=Kurdish refugee buys bitcoins as child, is now multimillionaire |language=de-CH |work=Neue Zürcher Zeitung |url=https://www.nzz.ch/english/kurdish-refugee-buys-bitcoins-as-child-is-now-multimillionaire-ld.1634923 |access-date=2023-12-19 |issn=0376-6829}}</ref>
Around the same time, he developed a software for automated trades in cryptocurrencies, based on an algorithm analysing data and predicting fluctuations in the future.<ref name=":0" /> 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 Pokemon 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 in March 2021.<ref name=":4" /> Yousuf became a ] 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> In early 2021, Yousuf founded the Dohrnii Foundation to oversee the development of his cryptocurrency software and own cryptocurreny tokens.<ref>{{Cite web |last=Dobrescu |first=Petre |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 Pokemon 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=2023-08-10 |website=Libertatea |language=ro}}</ref> Later that year, in November 2021, he was included in the ] list for the ] region.<ref>{{Cite web |date=2021-11-23 |title=Dadvan Yousuf |url=https://www.forbes.at/artikel/dadvan-yousuf.html |access-date=2023-08-10 |website=Forbes |language=de}}</ref>


In late 2021, Yousuf took over part of the Swiss startup Crowdlitoken and became their CEO. 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> In late 2021, Yousuf bought the majority of Crowdlitoken'',''<ref name=":4">Michael Schäfer, Werner Grundlehner: '''', ], 12. November 2021.</ref><ref>{{Cite web |date=2021-11-12 |title=Krypto-Millionär steigt bei Crowdlitoken ein |url=https://www.finews.ch/news/finanzplatz/48739-krypto-millionaer-steigt-bei-crowdlitoken-ein |access-date=2023-12-12 |website=finews.ch |language=de-de}}</ref> a Liechtenstein startup developing technology to allow people to invest in real estate through digital shares in the form of tokens. Concomitant with this investment, Yousuf assumed the role of Chief Executive Officer and was appointed as a member of the company's board of directors.<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>


In February 2022, several critical press articles scrutinized 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> Reports alleged embellishments to his resume, irregularities in transactions, and false representation.<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> Subsequently, in March 2022, Yousuf filed a defamation complaint against two journalists from ] Investigativ, a ] outlet.<ref>{{Cite web |title=Dadvan Yousuf: Strafanzeige gegen Autorinnen des Schweizer Fernsehens |url=https://www.handelszeitung.ch/unternehmen/strafanzeige-gegen-autorinnen-des-schweizer-fernsehens |access-date=2023-08-10 |website=Handelszeitung |language=de-CH}}</ref>
FINMA - the Swiss Financial Market authorities have started an investigation into Dadvan Yousuf's Dohrnii Foundation <ref>https://www.20min.ch/story/finma-untersucht-stiftung-von-krypto-zauberlehrling-820062566184</ref> and not only do the questionable transfers and the untruths surrounding his success story, with which he advertises his business idea and courts investors, make you sit up and take notice. Yousuf states in a video on a crypto platform that he has a license from the financial market authority Finma. That's not true, as Inside Paradeplatz reports and Finma confirms to "SRF Investigativ".


In early 2022, Yousuf sponsored ] at the ].<ref>{{Cite web |date=2022-02-18 |title=Umstrittener Krypto-Unternehmer wirbt im FCS-Stadion {{!}} Schaffhauser Nachrichten |url=https://www.shn.ch/sport/fussball/2022-02-18/umstrittener-krypto-unternehmer-wirbt-im-fcs-stadion |access-date=2023-11-27 |website=www.shn.ch |language=de}}</ref> Yousuf's involvements in cryptocurrency 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 |date=17 February 2022 |language=de}}</ref> In May 2022, the Dohrnii Foundation was investigated for engaging in various regulated activities, including acting as a ] firm, without obtaining the required ] authorization.<ref>{{Cite web |date=2023-05-17 |title=Untersuchung der Finma – Kryptowährungen: Finma rügt Dadvan Yousuf und seine Stiftung |url=https://www.srf.ch/news/wirtschaft/untersuchung-der-finma-kryptowaehrungen-finma-ruegt-dadvan-yousuf-und-seine-stiftung |access-date=2023-08-10 |website=Schweizer Radio und Fernsehen (SRF) |language=de}}</ref><ref>{{Cite web |date=2023-05-17 |title=Untersuchung gegen Kryptomillionär – Finma rügt Krypto-Stiftung Dohrnii und deren Gründer Dadvan Yousuf |url=https://www.tagesanzeiger.ch/finma-ruegt-krypto-stiftung-dohrnii-und-deren-gruender-dadvan-yousuf-168156549631 |access-date=2023-08-10 |website=Tages-Anzeiger |language=de}}</ref> He resigned as CEO in February 2023,<ref>{{Cite web |title=Künftig nur noch Repräsentant: Bitcoin-Millionär Dadvan Yousuf legt Ämter bei Krypto-Bildungsplattform nieder |url=https://www.handelszeitung.ch/unternehmen/kunftig-nur-noch-reprasentant-bitcoin-millionar-dadvan-yousuf-legt-amter-bei-krypto-bildungsplattform-nieder-577253 |access-date=2023-08-17 |website=Handelszeitung |language=de-CH}}</ref> and following enforcement proceedings by the ], the Dohrnii Foundation was dissolved in June 2023.<ref>{{Cite web |last=Nikolova |first=Maria |date=2023-05-17 |title=Swiss FINMA concludes proceedings against crypto platform Dohrnii Foundation |url=https://fxnewsgroup.com/forex-news/cryptocurrency/swiss-finma-concludes-proceedings-against-crypto-platform-dohrnii-foundation/ |access-date=2023-08-15 |website=FX News Group |language=en-US}}</ref>
Yousuf writes that he has wanted to join a self-regulatory organization, an SRO, with his foundation for some time. “For their part, the SROs are supervised by Finma. The financial intermediary affiliated with an SRO is therefore subject to indirect supervision by Finma.” At the time the video was shot, he was already in the SRO process. Hence the mention of Finma. Not only the questionable transfers and the untruths about his success story, with which he advertises his business idea and courts investors, make one sit up and take notice. Yousuf states in a video on a crypto platform that he has a license from the financial market authority Finma. That's not true, as Inside Paradeplatz reports and Finma confirms to "SRF Investigativ".


Yousuf's autobiography was published on October 24, 2022.<ref>{{Cite web |title=Dadvan Yousuf: Der Kryptomillionär über seine Autobiografie, die Finma und den Crash |url=https://www.handelszeitung.ch/unternehmen/dadvan-yousuf-der-kryptomillionar-uber-seine-autobiografie-die-finma-und-den-crash-525240 |access-date=2023-11-25 |website=Handelszeitung |language=de-CH}}</ref><ref>{{Cite news |last=Weill |first=Pierre |date=2022-08-15 |title=Dadvan Yousuf: Eine Biografie des Krypto-Investors |language=de-CH |work=Neue Zürcher Zeitung |url=https://www.nzz.ch/finanzen/private-finanzen/biografie-von-krypto-investor-dadvan-yousuf-ld.1697962 |access-date=2023-11-25 |issn=0376-6829}}</ref> In December 2022, Yousuf participated in the ] documentary titled 'Money Maker',<ref>{{Cite web |title=Money Maker (3) - Money Maker - ARD {{!}} Das Erste |url=https://www.daserste.de/information/reportage-dokumentation/money-maker/sendung/money-maker-folge-3-100.html |access-date=2023-11-26 |website=www.daserste.de |language=de}}</ref> which explored his journey from a refugee child in ] to becoming a multimillionaire through cryptocurrency investments in ].<ref>{{Cite web |date=2022-12-21 |title="Money Maker" – ARD-Doku über Bitcoin-Millionär Dadvan Yousuf |url=https://www.prisma.de/news/tv/Money-Maker-ARD-Doku-ueber-Bitcoin-Millionaer-Dadvan-Yousuf,42761675 |access-date=2023-11-26 |website=Prisma |language=de}}</ref><ref>{{Cite web |last=moneycab |date=2022-10-12 |title="Money Maker": Kryptounternehmer Dadvan Yousuf porträtiert in ARD-Dokuserie |url=https://www.moneycab.com/finanz/money-maker-kryptounternehmer-dadvan-yousuf-portraetiert-in-ard-dokuserie/ |access-date=2023-11-26 |website=Moneycab |language=de-CH}}</ref> As of 2023 he is under criminal investigation by the ] of the ].<ref>{{Cite web |date=2023-01-18 |title=Geldwäscherei und Betrug: Ermittlungen gegen «Kryptomilliardär» Dadvan Yousuf gehen weiter |url=https://www.20min.ch/story/ermittlungen-gegen-kryptomilliardaer-dadvan-yousuf-gehen-weiter-473728846445 |access-date=2023-08-10 |website=20 Minuten |language=de}}</ref>
Yousuf writes that he has wanted to join a self-regulatory organization, an SRO, with his foundation for some time. “For their part, the SROs are supervised by Finma. The financial intermediary affiliated with an SRO is therefore subject to indirect supervision by Finma.” At the time the video was shot, he was already in the SRO process. Hence the mention of Finma. To claim he was supervised by FINMA is not true. <ref>https://www.srf.ch/news/wirtschaft/krypto-king-dadvan-yousuf-der-krypto-milliardaer-und-seine-fragwuerdigen-transaktionen</ref>


== Personal life and wealth ==
*
Yousuf climbed ] in 2024, claiming to be the first Kurd and Iraqi to have reached the summit.<ref>{{cite news|trans-title=Dadvan Youssef: the historic achievement of the first Kurd to reaching the summit of Everest|title=دادفان يوسف.. أول كردي يحقق إنجازاً تاريخياً بوصوله إلى قمة إيفرست
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|work=Almasra|date=25 May 2024|url=https://almasra.iq/83728/|lang=arabic}}</ref><ref>{{cite news|url=https://shafaq.com/amp/ar/%D9%83%D9%88%D8%B1%D8%AF%D8%B3%D9%80%D9%80%D8%AA%D8%A7%D9%86%D9%8A%D8%A7%D8%AA/%D9%86%D8%AC%D8%A7%D8%B2-%D8%AA%D8%A7%D8%B1%D9%8A%D8%AE%D9%8A-%D9%88%D9%84-%D9%83%D9%88%D8%B1%D8%AF%D9%8A-%D9%8A%D8%B9%D8%AA%D9%84%D9%8A-%D8%B9%D9%84%D9%89-%D9%82%D9%85%D8%A9-%D8%AC%D8%A8%D9%84%D9%8A%D8%A9-%D9%81%D9%8A-%D8%A7%D9%84%D8%B9%D8%A7%D9%84%D9%85-%D8%B5%D9%88%D8%B1|title=إنجاز تاريخي".. أول كوردي يعتلي أعلى قمة جبلية في العالم (صور)|trans-title=Historic achievement: the first Kurd to ascend the highest mountain peak in the world|work=Shafaq news|lang=arabic|date=23 May 2024}}</ref> According to a newspaper article from ] in 2022, his fortune is estimated at 270 million francs.<ref>{{Cite web |title=dadvan yousuf ist der juengste selfmade milliardaer der schweiz |url=https://www.blick.ch/wirtschaft/frueher-fluechtling-heute-superreich-dadvan-yousuf-ist-der-juengste-selfmade-milliardaer-der-schweiz-id17151361.html |website=Blick}}</ref>
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== Books ==


* Vom Flüchtling zum Bitcoin-Millionär. — ] (24 Oct. 2022). — С. 240. — {{ISBN|978-3959726641}}<ref>{{Cite web |title=Dadvan Yousuf: Der Kryptomillionär über seine Autobiografie, die Finma und den Crash |url=https://www.handelszeitung.ch/unternehmen/dadvan-yousuf-der-kryptomillionar-uber-seine-autobiografie-die-finma-und-den-crash-525240 |access-date=2023-12-11 |website=Handelszeitung |language=de-CH}}</ref>
⚫ == References ==

⚫ ==References==
<references /> <references />


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Kurdish entrepreneur
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 the subject of a number of investigations into financial impropriety.

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 status and moved to Ipsach. Yousuf has five younger siblings who were born in Switzerland. In his early years, he showed a interest in the field of finance, particularly on Bitcoin and international money transfers.

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 and continued to trade in the cryptocurrency. In 2012, he acquired 1000 Bitcoins at a rate of €11,126. 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 2017 he started an apprenticeship at the Eidgenössische Hochschulinstitut für Berufsbildung in Zollikofen. He finished his apprenticeship with a real estate company in Bern. Around the same time, Yousuf claims, he developed a software for automated trades in cryptocurrencies, based on an algorithm analysing data and predicting fluctuations in the future. The algorithm evaluates data stemming from technical analysis, social media, macroeconomics and public statements about cryptocurrencies.

In early 2021, Yousuf founded the Dohrnii Foundation to oversee the development of his cryptocurrency software and own cryptocurreny tokens. Later that year, in November 2021, he was included in the Forbes 30 Under 30 list for the DACH region.

In late 2021, Yousuf bought the majority of Crowdlitoken, a Liechtenstein startup developing technology to allow people to invest in real estate through digital shares in the form of tokens. Concomitant with this investment, Yousuf assumed the role of Chief Executive Officer and was appointed as a member of the company's board of directors.

In February 2022, several critical press articles scrutinized 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.

In early 2022, Yousuf sponsored FC Schaffhausen at the Wefox-Arena. 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 as a securities firm, without obtaining the required FINMA authorization. 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.

Yousuf's autobiography was published on October 24, 2022. In December 2022, Yousuf participated in the ARD documentary titled 'Money Maker', which explored his journey from a refugee child in Kurdistan to becoming a multimillionaire through cryptocurrency investments in Switzerland. As of 2023 he is under criminal investigation by the Public Prosecutor's Office of the Canton of Bern.

Personal life and wealth

Yousuf climbed Mount Everest in 2024, claiming to be the first Kurd and Iraqi to have reached the summit. According to a newspaper article from Blick in 2022, his fortune is estimated at 270 million francs.

Books

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» - Strafuntersuchung gegen Dadvan Yousuf". Schweizer Radio und Fernsehen (SRF) (in German). 2023-05-10. Retrieved 2023-12-11.
  4. "Strafverfahren gegen Dadvan Yousuf – 23-jähriger Berner Krypto-millionär soll Anleger getäuscht haben". Tages-Anzeiger (in German). 2023-05-10. Retrieved 2023-12-11.
  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 (7 July 2021). "Kryptowährungen: Vom Flüchtlingskind zum Bitcoin-Millionär". Neue Zürcher Zeitung (in German). Retrieved 2021-07-15.{{cite news}}: CS1 maint: multiple names: authors list (link)
  10. Beglinger (Text), Martin (2021-07-07). "Kryptowährungen: Vom Flüchtlingskind zum Bitcoin-Millionär". Neue Zürcher Zeitung (in Swiss High German). ISSN 0376-6829. Retrieved 2023-12-11.
  11. 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.
  12. Beglinger (text), Martin (2021-07-14). "Kurdish refugee buys bitcoins as child, is now multimillionaire". Neue Zürcher Zeitung (in Swiss High German). ISSN 0376-6829. Retrieved 2023-12-19.
  13. 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.
  14. "Dadvan Yousuf". Forbes (in German). 2021-11-23. Retrieved 2023-08-10.
  15. Michael Schäfer, Werner Grundlehner: Der Krypto-Zauberlehrling zündet die nächste Stufe, Neue Zürcher Zeitung, 12. November 2021.
  16. "Krypto-Millionär steigt bei Crowdlitoken ein". finews.ch (in German). 2021-11-12. Retrieved 2023-12-12.
  17. 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)
  18. "Dadvan Yousuf (21) – Finma untersucht Stiftung von "Krypto-Zauberlehrling"". 20 Minuten (in German). 2022-02-15. Retrieved 2022-03-10.
  19. ^ Martin Beglinger: „Der Krypto-Zauberlehrling wird von der Finma durchleuchtet“, Neue Zürcher Zeitung, 14. Februar 2022
  20. "Krypto-"King" Dadvan Yousuf – der Krypto-"Milliardär" und seine fragwürdigen Transaktionen". 17 February 2022.
  21. Marti, Kilian (2022-03-22). "Dadvan Yousuf: Der Krypto-"Milliardär" verteidigt sich gegen die Vorwürfe". Blick (in Swiss High German). Retrieved 2022-03-23.
  22. "Dadvan Yousuf: Strafanzeige gegen Autorinnen des Schweizer Fernsehens". Handelszeitung (in Swiss High German). Retrieved 2023-08-10.
  23. "Umstrittener Krypto-Unternehmer wirbt im FCS-Stadion | Schaffhauser Nachrichten". www.shn.ch (in German). 2022-02-18. Retrieved 2023-11-27.
  24. "Junger Bitcoin-Investor – Geht beim Berner Kryptomillionär alles mit rechten Dingen zu?". Der Bund (in German). 17 February 2022. Retrieved 2022-03-10.
  25. "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.
  26. "Untersuchung gegen Kryptomillionär – Finma rügt Krypto-Stiftung Dohrnii und deren Gründer Dadvan Yousuf". Tages-Anzeiger (in German). 2023-05-17. Retrieved 2023-08-10.
  27. "Künftig nur noch Repräsentant: Bitcoin-Millionär Dadvan Yousuf legt Ämter bei Krypto-Bildungsplattform nieder". Handelszeitung (in Swiss High German). Retrieved 2023-08-17.
  28. Nikolova, Maria (2023-05-17). "Swiss FINMA concludes proceedings against crypto platform Dohrnii Foundation". FX News Group. Retrieved 2023-08-15.
  29. "Dadvan Yousuf: Der Kryptomillionär über seine Autobiografie, die Finma und den Crash". Handelszeitung (in Swiss High German). Retrieved 2023-11-25.
  30. Weill, Pierre (2022-08-15). "Dadvan Yousuf: Eine Biografie des Krypto-Investors". Neue Zürcher Zeitung (in Swiss High German). ISSN 0376-6829. Retrieved 2023-11-25.
  31. "Money Maker (3) - Money Maker - ARD | Das Erste". www.daserste.de (in German). Retrieved 2023-11-26.
  32. ""Money Maker" – ARD-Doku über Bitcoin-Millionär Dadvan Yousuf". Prisma (in German). 2022-12-21. Retrieved 2023-11-26.
  33. moneycab (2022-10-12). ""Money Maker": Kryptounternehmer Dadvan Yousuf porträtiert in ARD-Dokuserie". Moneycab (in Swiss High German). Retrieved 2023-11-26.
  34. "Geldwäscherei und Betrug: Ermittlungen gegen «Kryptomilliardär» Dadvan Yousuf gehen weiter". 20 Minuten (in German). 2023-01-18. Retrieved 2023-08-10.
  35. "دادفان يوسف.. أول كردي يحقق إنجازاً تاريخياً بوصوله إلى قمة إيفرست" [Dadvan Youssef: the historic achievement of the first Kurd to reaching the summit of Everest]. Almasra (in Arabic). 25 May 2024.
  36. "إنجاز تاريخي".. أول كوردي يعتلي أعلى قمة جبلية في العالم (صور)" [Historic achievement: the first Kurd to ascend the highest mountain peak in the world]. Shafaq news (in Arabic). 23 May 2024.
  37. "dadvan yousuf ist der juengste selfmade milliardaer der schweiz". Blick.
  38. "Dadvan Yousuf: Der Kryptomillionär über seine Autobiografie, die Finma und den Crash". Handelszeitung (in Swiss High German). Retrieved 2023-12-11.
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