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

How do I claim lost crypto? ›

Tax savings by claiming crypto losses

In order to claim a loss, you will need to have made a crypto taxable event on the asset. This means selling, trading for another crypto, or spending crypto. Otherwise, the loss remains unrealized and cannot be reported as a capital loss.

How do I recover crypto from a scammer does or has anyone been successful? ›

Contact financial authorities: Report the scam to your local financial regulatory authority or the financial watchdog in your country. Inform cryptocurrency exchanges: If the scam involved a specific cryptocurrency exchange, inform them as they might be able to take action or prevent further fraud.

What has happened to the cryptocurrency market? ›

Cryptocurrency Price Action

The world's largest cryptocurrency rebounded about 157% in 2023. Bitcoin is now up about 61% so far this year. Ethereum hovered around $3,500 Monday morning, back at its mid-July levels. Ethereum hit its 52-week high of $4,092 on March 12.

How do I claim back crypto losses? ›

Only realised losses, where you've sold the cryptocurrency at a lower price than what you paid, can be claimed for tax purposes. Unrealised losses, where the market value has dropped but you haven't sold, cannot be claimed.

How do I recover money lost from cryptocurrency? ›

Steps to recover lost assets
  1. Go to the Asset recovery page. ...
  2. On the Let's find the transaction screen, select the transaction network, then enter the transaction hash ID and the crypto address you received the unsupported asset on, then select Continue.
  3. Once the transaction is found, select Continue.

Can you trace a crypto scammer? ›

Yes, cryptocurrency scammers who have stolen coins can be tracked down, but it can be challenging due to the decentralized and anonymous nature of cryptocurrency transactions.

Does crypto refund for stolen money? ›

No one can freeze, reverse, or refund transactions on the blockchain. If you are seeing transactions in your wallet that you don't recognize, your wallet must have been compromised through a scam or the exposure of your recovery phrase.

Can I recover my stolen crypto? ›

In the process of discovering how to recover stolen cryptocurrency, you may find via investigations that your money was sent to a custodial service. Oftentimes, this is an exchange, such as Binance or KuCoin. If you are working with the police, they may contact these exchanges and let them know what has occurred.

What will $100 of Bitcoin be worth in 2030? ›

If this pattern continues into 2030, the price could peak around 2029 or 2030, potentially aligning with Wood's price prediction. If Wood is correct and Bitcoin reaches $3.8 million, a $100 investment in Bitcoin today would be worth $5,510 in 2030. This translates to a compounded annual growth rate (CAGR) of over 95%.

Why crypto market crashed suddenly? ›

Another reason could be that the spot bitcoin ETF inflows are falling again. The cryptocurrency market is exhibiting significant volatility, with prices fluctuating unpredictably. Currently, there is a downturn after Bitcoin surpassed its all-time high multiple times in March.

Will crypto ever recover? ›

Concluding the Potential Recovery

The resilience of the crypto market, as demonstrated through institutional interest, technological advancements, and expert optimism, suggests that it has the potential for recovery after periods of volatility and price corrections.

Can lost crypto be recovered? ›

WHAT WE FOUND. Crypto recovery services that offer to recover lost or stolen cryptocurrency are scams. While there are a few legitimate companies that can help you with account or technology issues, those companies will not offer to recover stolen funds.

Can you claim a crypto tax loss? ›

If your crypto asset is lost or stolen, you can claim a capital loss if you can provide evidence of ownership. You need to work out whether: the crypto asset is lost. you have lost evidence of your ownership.

How do I file a claim against crypto? ›

How To Report Cryptocurrency Scams
  1. the FTC at ReportFraud.ftc.gov.
  2. the Commodity Futures Trading Commission (CFTC) at CFTC.gov/complaint.
  3. the U.S. Securities and Exchange Commission (SEC) at sec.gov/tcr.
  4. the Internet Crime Complaint Center (IC3) at ic3.gov/Home/FileComplaint.

Do I have to report crypto if it was a loss? ›

You must report income, gain, or loss from all taxable transactions involving virtual currency on your Federal income tax return for the taxable year of the transaction, regardless of the amount or whether you receive a payee statement or information return.

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