Bulgarian Crypto Trader Disappears Under Mysterious Circ*mstances - YesMobile (2024)

Bulgarian Crypto Trader Disappears Under Mysterious Circ*mstances - Cryptocurrency

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The whereabouts of Alexander Altunbashev, a Bulgarian entrepreneur and crypto dealer, are unknown since Monday. Legislation enforcement officers at the moment are investigating his doable abduction whereas some in the native crypto neighborhood speculate he could be hiding from disgruntled traders.

Bulgarian Authorities Examine Attainable Kidnapping of Alleged Crypto Millionaire

Police in Bulgaria try to find a businessman who went lacking underneath unusual circ*mstances earlier this week. The 32-year-old Alexander Altunbashev is an IT specialist and entrepreneur who, in keeping with media studies, made cash from crypto buying and selling.

Prosecutors in Sofia are trying into his doable kidnapping as the principle suspected motive for his disappearance. Quoting sources from the investigation, Nova TV reported that Alexander’s sister, Teodora, spoke with him earlier than he left for Plovdiv, Bulgaria’s second-largest metropolis.

Alexander Altunbashev. Supply: Fb

On Monday morning, Teodora gave him a journey to Sofia’s Mladost district. Later that day, she noticed a person unlocking and getting into her brother’s house, proper subsequent door to her personal house. When she requested him who he was and what he was doing, he left telling her solely he was “in a rush” and getting in an SUV pushed by a girl.

Investigators discovered Alexander’s house turned the wrong way up. They consider that whoever did it was in all probability attempting to realize entry to his financial institution accounts or cryptocurrency wallets. The final time Teodora managed to achieve him over the cellphone, Alexander informed her he was touring in direction of Burgas, on Bulgaria’s Black Coastline.

Alexander’s atypical conduct and her failed makes an attempt to speak to him once more when his cellphone was switched off satisfied Teodora to name the police. Investigators have additionally interrogated the crypto dealer’s girlfriend, Kristina, who didn’t know of any threats towards him or points along with his enterprise relations.

Altunbashev Could Be Hiding From Shoppers, Crypto Group Suspects

The lacking IT knowledgeable’s cellphone was final used from a location simply outdoors Sofia. The final individual to talk with him was Ivaylo Borisov, an individual with a felony document recognized by his alias ‘Torino,’ who’s a detailed pal of Alexander. The 2 have been supposed to satisfy at midday on Monday however the crypto dealer didn’t present up. Borisov is collaborating with legislation enforcement authorities.

In the meantime, speculations have emerged in the nation’s crypto neighborhood that Alexander Altunbashev might have really determined to enter hiding as he was in all probability investing funds for purchasers that will have been misplaced. “If he was certainly managing cash for others, and also you get up one morning and the cash has turned to zero — possibly there’s a battle with the folks which might be on the lookout for their cash,” commented Vladislav Dramaliev, director of Bithope Basis, quoted by bTV.

The case follows the latest crypto market stoop that led to main cash like bitcoin (BTC) and ether (ETH) shedding half of their worth since final 12 months’s all-time highs and the collapse of crypto initiatives. In accordance with unconfirmed studies by different Bulgarian publications, Altunbashev remodeled €6 million (nearly $6.5 million) in 2021 and allegedly boasted to mates about costly actual property purchases in Greece and Dubai. His Fb profile reveals he has visited different unique locations as nicely.

Do you assume Bulgarian authorities will handle to find the lacking crypto dealer? Inform us in the feedback part beneath.

Lubomir Tassev

Lubomir Tassev is a journalist from tech-savvy Japanese Europe who likes Hitchens’s quote: “Being a author is what I’m, fairly than what I do.” Moreover crypto, blockchain and fintech, worldwide politics and economics are two different sources of inspiration.

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Bulgarian Crypto Trader Disappears Under Mysterious Circ*mstances - YesMobile (2024)

FAQs

Bulgarian Crypto Trader Disappears Under Mysterious Circ*mstances - YesMobile? ›

The 32-year-old Alexander Altunbashev is an IT specialist and entrepreneur who, according to media reports, made money from crypto trading. Prosecutors in Sofia are looking into his possible kidnapping as the main suspected reason for his disappearance.

Why does Bulgaria have so much bitcoin? ›

A crackdown on organized crime by Bulgarian law enforcement in May resulted in the seizure of more than 200,000 bitcoins – an amount worth more than $3 billion at today's prices.

How much bitcoin does Bulgaria have? ›

Bulgaria, a small country located in Southeast Europe, nestled between Romania and Greece, is set to become one of the wealthiest countries in the world. The reason for this is its possession of 213,000 bitcoin, which its authorities seized from a group they labeled as criminals in 2017.

How to buy bitcoin in Bulgaria? ›

Buy and hold Bitcoin in 3 steps
  1. Get Revolut. If you don't have it already, download the Revolut app and sign up (it's free!) to start buying Bitcoin and other crypto tokens.
  2. Top up your balance. ...
  3. Choose your crypto tokens.

Are they Bitcoin ATM in Bulgaria? ›

Coinhub Bitcoin ATMs allow you to purchase bitcoin with cash and receive it instantly shortly after purchase at our Bitcoin ATM near Suvorovo, Bulgaria. Coinhub offers the easiest way to buy Bitcoin locally near Suvorovo, Bulgaria. We have Bitcoin Machines conveniently placed throughout the country in major cities!

Is crypto illegal in Bulgaria? ›

Crypto Licence in Bulgaria. Bulgaria has no specific crypto licence or pertaining restrictions but pursuant to MAMLA, certain authorisation is still required and acting without it is considered an illegal activity.

What country only uses Bitcoin as currency? ›

In an effort to boost financial inclusion, El Salvador made Bitcoin an official currency and offered incentives for adopting it. A new study co-authored by Yale SOM's David Argente and Diana Van Patten found that a lack of trust caused use of the cryptocurrency to fall off quickly.

Which country uses Bitcoin the most? ›

India: Over 100 million people in India own cryptocurrencies, making it the country with the most cryptocurrency owners, according to Triple-A. United States: China, Russia, Nigeria, and the EU are the next five countries with the most #BTC trading volume on exchanges.

What country has most Bitcoin? ›

Download Table Data
CountryOwnership Total 2023 (millions)% Of Population Who Own Bitcoin 2023
India85.56.3%
China27.80%
United States20.56.2%
Nigeria15.27.6%
23 more rows

Which Bitcoin wallet is used in Bulgaria? ›

Yes, Coinbase works for users in Bulgaria. Coinbase in Bulgaria allows for the use of debit cards, credit cards, bank accounts, wire transfers, and in some cases, PayPal to buy cryptocurrencies.

How much Bitcoin does the Bulgarian government own? ›

The claim that the #Bulgarian government owns $6 billion worth of #bitcoin is a hoax that has been circulating online for several years. The hoax originated in a 2017 article on the website Beincrypto.com, which claimed that Bulgaria had seized 213,000 Bitcoin from a criminal group.

Does Denmark use Bitcoin? ›

Other Countries Where Bitcoin Is Legal

Denmark. Germany. Japan.

Which country has the most Bitcoin holders? ›

India: Over 100 million people in India own cryptocurrencies, making it the country with the most cryptocurrency owners, according to Triple-A. United States: China, Russia, Nigeria, and the EU are the next five countries with the most #BTC trading volume on exchanges.

Which country does Bitcoin the most? ›

The 2023 Global Crypto Adoption Index Top 20
CountryRegionRetail centralized service value received ranking
IndiaCentral & Southern Asia and Oceania1
NigeriaSub-Saharan Africa2
VietnamCentral & Southern Asia and Oceania4
United StatesNorth America8
16 more rows
Sep 12, 2023

Which country has the highest Bitcoin users? ›

Without adjusting the PPP, the U.S. has the most crypto owners at roughly 13% of the population (or 46 million). Many 2021 surveys suggest at least 16% of Americans traded crypto.

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