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Revision as of 07:30, 19 February 2022
Kurdish entrepreneur| Dadvan Yousuf | |
|---|---|
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| Born | (2000-04-09) April 9, 2000 (age 24) Iraqi Kurdistan |
| Nationality | Iraqi |
| Known for | Cryptocurrency trade |
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Dadvan Yousuf (born 9 April, 2000 in Awihee, Iraq) is a Kurdish entrepreneur from Iraq who lives in Switzerland.
Life
Yousuf was born in Iraqi Kurdistan 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. 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 which were born in Switzerland.
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 Bitcoin. He bought 10 Bitcoins for €15 each and has been trading in Bitcoin ever since. In 2012 he bought 1000 Bitcoins for €11,126 each. In 2016, he invested in Ethereum for the first time, buying 16 000 units for €134 000.
In 2017, he started an apprenticeship at the Eidgenössische Hochschulinstitut für Berufsbildung in Zollikofen. This is most likely a lie given the requirements to study at this institution. Dadvan Yousuf also flunked his apprenticeship and was refused the diploma because his grades where not sufficient to receive the diploma. A copy of his grades is published in the referenced article 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. The algorithm evaluates data stemming from technical analysis, social media, macroeconomics and public statements about cryptocurrencies.
He founded the Dohrnii Foundation in Zug, which oversees the development of his cryptocurrency software. He also introduced his own cryptocurrency Dohrnii in March 2021. Yousuf became a multi-millionaire through his cryptocurrency trades. He is considered the youngest Swiss self-made millionaire.
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.
FINMA - the Swiss Financial Market authorities have started an investigation into Dadvan Yousuf's Dohrnii Foundation 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".
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 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.
See also
- Dohrnii Foundation
- Dohrnii Platform
- Bitcoin
- Cryptocurrency
- Schweizer Monat: Interview with Dadvan Yousuf
- Tagblatt Dieser 21-Jährige hat mit digitalem Geld bereits Millionen verdient – so will er jetzt die Welt verändern
- How a Kurdish refugee started by buying bitcoins as a child – and today, as a multimillionaire, wants to change the world
- Vom Flüchtling zum Bitcoin-Millionär
- Der Krypto-Zauberlehrling wird von der Finma durchleuchtet
- Dadvan or: The King's new Clothes!
- Krypto-Zauberlehrling: Zweifel an märchenhaftem Aufstieg
- Achtung! Finger weg vom Plus Token
- Finma untersucht Stiftung von Krypto Zauberlehrling
- SRF3-Swiss Radio Station (in German): Krypto King Dadvan Yousuf - the crypto-"billionaire" - and his questionable transactions
- Updated podcast (in German) from Swiss Radio SRF3 Investigativ Box: SRF3 exposes the many lies of Yousuf Dadvan. Investors in his crypto coin (which has no authorization to be listed and traded) should particularly notice that SRF3 found out that Yousuf is making transfers to blacklisted crypto addresses ("Warnings to not make any transfers to these addresses for the following reasons: Fraud, terror financing, connections to criminal networks (eg in Russia and Ukraine)". These transactions take place after Yousuf himself has received crypto remittances.
- „The story about Dadvan Yousuf, who I now call a fraud, is also a story of media failure.“
References
- ^ "Crypto-succès suisse – A 21 ans, l'ancien réfugié est devenu millionnaire grâce au Bitcoin". 24 heures (in French). Retrieved 2021-04-29.
- ^ "Vom Flüchtling zum Millionär – Er tauschte seine Spielsachen gegen Bitcoins". Der Bund (in German). Retrieved 2021-04-29.
- ^ "Svizzera, la favola di Dadvan, il giovane rifugiato curdo diventato milionario grazie ai Pokemon venduti a cambio di Bitcoin". la Repubblica (in Italian). 2021-04-18. Retrieved 2021-04-29.
- ^ 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) - https://www.sfuvet.swiss/
- https://insideparadeplatz.ch/2022/02/15/nzz-kriegt-kalte-fuesse-wegen-dem-krypto-prinzen/
- ^ "Der junge Kryptomillionär Dadvan Yousuf im Interview". Handelszeitung (in German). Retrieved 2021-08-04.
- "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). 2021-04-25. Retrieved 2021-04-29.
- 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.
- 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) - https://www.20min.ch/story/finma-untersucht-stiftung-von-krypto-zauberlehrling-820062566184
- https://www.srf.ch/news/wirtschaft/krypto-king-dadvan-yousuf-der-krypto-milliardaer-und-seine-fragwuerdigen-transaktionen