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'''Dadvan Ismat Yousuf Yousuf''' (born April 9, 2000) is an Iraqi businessman who gained attention in ] for being recognized by the press as one of the youngest self-made ] in Switzerland due to his ] 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><ref>{{Cite web |last=Marti |first=Kilian |date=2022-03-22 |title=Jetzt verteidigt sich Dadvan Yousuf 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=2023-08-10 |website=Blick |language=de-CH}}</ref><ref>{{Cite web |date=2022-02-17 |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 |access-date=2023-08-10 |website=Schweizer Radio und Fernsehen (SRF) |language=de}}</ref><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> '''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 involved in a number of allegations including ]<ref>{{Cite web |last=Marti |first=Kilian |date=2022-03-22 |title=Jetzt verteidigt sich Dadvan Yousuf 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=2023-08-10 |website=Blick |language=de-CH}}</ref> and ]<ref>{{Cite web |date=2022-02-17 |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 |access-date=2023-08-10 |website=Schweizer Radio und Fernsehen (SRF) |language=de}}</ref> and he is currently 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>
⚫ == Early life and education ==

⚫ == Early life ==
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> 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>


== Bitcoin investments ==
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>
⚫ 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 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 ], 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 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> Following enforcement proceedings by the ], the Dohrnii Foundation was dissolved in June 2023.
== 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.<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" />


In November 2021, Yousuf 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>
⚫ 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 joined the board of Crowdlitoken'',''<ref>Michael Schäfer, Werner Grundlehner: '''', ], 12. November 2021.</ref> a Liechtenstein startup developing technology 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 November 2021, Yousuf gained recognition by being 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> He was recognized as the youngest foundation founder, the youngest self-made millionaire, and the youngest creator of a digital cryptocurrency in Switzerland by ].<ref>{{Cite web |last=MENAFN |title=From Refugee To Forbes 30 Under 30: Dadvan Yousuf's Journey As A Crypto Entrepreneur |url=https://menafn.com/1105855129/From-Refugee-To-Forbes-30-Under-30-Dadvan-Yousufs-Journey-As-A-Crypto-Entrepreneur |access-date=2023-08-10 |website=menafn.com |language=en}}</ref><ref>{{Cite web |last=Bentley·Crypto· |first=Michael |date=2023-04-06 |title=Dadvan Yousuf: One of 2023’s Most Recognized Crypto Millionaires on a Mission to Enhance People’s Lives {{!}} Markets Herald |url=https://marketsherald.com/dadvan-yousuf-one-of-2023s-most-recognized-crypto-millionaires-on-a-mission-to-enhance-peoples-lives/ |access-date=2023-08-10 |website=https://marketsherald.com/ |language=en-US}}</ref><ref>{{Cite web |date=2023-04-08 |title=Swiss entrepreneur Dadvan Youssef honored in Forbes 30 Under 30 list for fintech contribution - CryptoSaurus |url=https://cryptosaurus.tech/swiss-entrepreneur-dadvan-youssef-honored-in-forbes-30-under-30-list-for-fintech-contribution/ |access-date=2023-08-10 |language=en-US}}</ref>

⚫ In late 2021, Yousuf took over part of the Liechtenstein startup Crowdlitoken and became their CEO subject to the ] (FMA) in Liechtenstein.<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>

In February 2023, Yousuf stepped down from his roles within the Dohrnii Foundation and the cryptocurrency ] platform. Although he resigned from active positions, he retained his involvement as a ].<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=2023-08-10 |website=Handelszeitung |language=de-CH}}</ref> Following the conclusion of the enforcement procedure by ], the Dohrnii Foundation is in the process of dissolution.<ref>{{Cite web |title=Vom Flüchtling zum Millionär: Die vom Kryptowunderkind Dadvan Yousuf gegründete Stiftung Dohrnii wird liquidiert |url=https://www.handelszeitung.ch/geld/vom-fluchtling-zum-millionar-die-vom-kryptowunderkind-dadvan-yousuf-gegrundete-stiftung-dohrnii-wird-liquidiert-587534 |access-date=2023-08-10 |website=Handelszeitung |language=de-CH}}</ref>{{cn|date=August 2023}}


== Controversy == == Controversy ==
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> 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> 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>

In March 2022, Yousuf filed a 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><ref>{{Cite web |date=2022-05-28 |title=Strafanzeige gegen Autorinnen des Schweizer Fernsehens {{!}} MEDIENWOCHE |url=https://medienwoche.ch/2022/05/28/strafanzeige-gegen-autorinnen-des-schweizer-fernsehens/ |access-date=2023-08-10 |website=medienwoche.ch |language=de-DE}}</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> The ] (]) has concluded its enforcement procedure against the Dohrnii Foundation and its founder in June 2023.<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> The investigation revealed that both entities engaged in various regulated activities within the crypto sector without obtaining the required ] authorization.


⚫ 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 |language=de}}</ref> In May 2022, the Dohrnii Foundation was investigated for engaging in various regulated activities, including acting illegally 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> In May 2023 the regulator issued cease-and-desist orders against the foundation and Yousuf.<ref>{{Cite web |last=swissinfo.ch/mga |date=2023-05-17 |title=Swiss regulator shuts down rogue crypto school |url=https://www.swissinfo.ch/eng/sci-tech/swiss-regulator-shuts-down-rogue-crypto-school/48519976 |access-date=2023-08-10 |website=SWI swissinfo.ch |language=en}}</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>


In 2023, Yousuf became the subject of scrutiny by the Public Prosecutor's Office of the ] due to ongoing investigations.<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=2023-08-10 |website=Schweizer Radio und Fernsehen (SRF) |language=de}}</ref><ref>{{Cite web |last=Baumert |first=Anna |title=Strafuntersuchung gegen «Krypto-King» Dadvan Yousuf |url=https://www.nau.ch/news/schweiz/strafuntersuchung-gegen-krypto-king-dadvan-yousuf-66491668 |access-date=2023-08-10 |website=Nau |language=de}}</ref> In May 2023, Yousuf became the subject of a criminal investigation by the Public Prosecutor's Office of the ] due to allegations of fraud and embezzlement.<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=2023-08-10 |website=Schweizer Radio und Fernsehen (SRF) |language=de}}</ref><ref>{{Cite web |last=Baumert |first=Anna |title=Strafuntersuchung gegen «Krypto-King» Dadvan Yousuf |url=https://www.nau.ch/news/schweiz/strafuntersuchung-gegen-krypto-king-dadvan-yousuf-66491668 |access-date=2023-08-10 |website=Nau |language=de}}</ref>


==References== ==References==

Revision as of 17:43, 10 August 2023

Kurdish entrepreneur
This article is an orphan, as no other articles link to it. Please introduce links to this page from related articles; try the Find link tool for suggestions. (November 2022)
Dadvan Yousuf
Dadvan 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.

Bitcoin investments

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. 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. Marti, Kilian (2022-03-22). "Jetzt verteidigt sich Dadvan Yousuf gegen die Vorwürfe". Blick (in Swiss High German). Retrieved 2023-08-10.
  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). Retrieved 2021-04-29.
  7. ^ "Vom Flüchtling zum Millionär – Er tauschte seine Spielsachen gegen Bitcoins". Der Bund (in German). 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. 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.
  11. 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.
  12. "Dadvan Yousuf". Forbes (in German). 2021-11-23. Retrieved 2023-08-10.
  13. Michael Schäfer, Werner Grundlehner: Der Krypto-Zauberlehrling zündet die nächste Stufe, Neue Zürcher Zeitung, 12. November 2021.
  14. 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)
  15. "Dadvan Yousuf (21) – Finma untersucht Stiftung von "Krypto-Zauberlehrling"". 20 Minuten (in German). 2022-02-15. Retrieved 2022-03-10.
  16. ^ Martin Beglinger: „Der Krypto-Zauberlehrling wird von der Finma durchleuchtet“, Neue Zürcher Zeitung, 14. Februar 2022
  17. "Krypto-"King" Dadvan Yousuf - der Krypto-"Milliardär" und seine fragwürdigen Transaktionen". 17 February 2022.
  18. Marti, Kilian (2022-03-22). "Dadvan Yousuf: Der Krypto-"Milliardär" verteidigt sich gegen die Vorwürfe". Blick (in Swiss High German). Retrieved 2022-03-23.
  19. "Dadvan Yousuf: Strafanzeige gegen Autorinnen des Schweizer Fernsehens". Handelszeitung (in Swiss High German). Retrieved 2023-08-10.
  20. "Junger Bitcoin-Investor – Geht beim Berner Kryptomillionär alles mit rechten Dingen zu?". Der Bund (in German). Retrieved 2022-03-10.
  21. "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.
  22. "Untersuchung gegen Kryptomillionär – Finma rügt Krypto-Stiftung Dohrnii und deren Gründer Dadvan Yousuf". Tages-Anzeiger (in German). 2023-05-17. Retrieved 2023-08-10.
  23. swissinfo.ch/mga (2023-05-17). "Swiss regulator shuts down rogue crypto school". SWI swissinfo.ch. Retrieved 2023-08-10.
  24. "Krypto-«King» - Strafuntersuchung gegen Dadvan Yousuf". Schweizer Radio und Fernsehen (SRF) (in German). 2023-05-10. Retrieved 2023-08-10.
  25. Baumert, Anna. "Strafuntersuchung gegen «Krypto-King» Dadvan Yousuf". Nau (in German). Retrieved 2023-08-10.
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