The whereabouts of Bulgarian entrepreneur and cryptocurrency trader Alexander Altunbashev have been unknown since Monday. Law enforcement officials are now investigating his possible kidnapping, while some in the local crypto community speculate that he may be hiding from disgruntled investors.
Bulgarian authorities investigate possible kidnapping of alleged crypto millionaire
Bulgarian police are trying to locate a businessman who went missing under strange circumstances earlier this week. Alexander Altunbashev, 32, is an IT specialist and entrepreneur who, according to media reports, makes money from crypto trading.
Prosecutors in Sofia are investigating his possible kidnapping as the main reason for his disappearance. Nova TV, citing investigation sources, said Alexander’s sister Theodora had spoken to him before travelling to Plovdiv, Bulgaria’s second largest city.
On Monday morning, Teodora drove him to the Mladost district of Sofia. Later that day, she saw a man open the door and enter her brother’s house, next door to her own apartment. When she asked who he was and what he was doing, he left only to tell her he was “in a hurry” and got into an SUV driven by a woman.
Investigators found Alexander’s apartment was upside down. They believe that whoever did it may have tried to gain access to his bank account or cryptocurrency wallet. The last time Teodora managed to reach him by phone, Alexander told her he was heading to Burgas on Bulgaria’s Black Sea coast.
Alexander’s atypical behavior and her failed attempt to talk to him again after his phone was switched off prompted Teodora to call the police. Investigators also questioned the cryptocurrency trader’s girlfriend, Christina, who was unaware of any threats to him or issues with his business relationships.
Altunbashev may be hiding from clients and crypto community suspects
This Missing The IT specialist’s cell phone was last used in a location outside Sofia. The last person he spoke to was Ivaylo Borisov, who has a criminal record and who goes by the pseudonym “Turin” and is a close friend of Alexander. The two were supposed to meet at noon on Monday, but the cryptocurrency trader did not show up. Borisov is cooperating with law enforcement.
Meanwhile, speculation arose in the country’s crypto community that Alexander Altunbashev may actually have decided to go into hiding, as he may be investing money for clients who may have lost. “If he does manage money for other people and you wake up one morning and the money goes to zero – there could be a conflict with people who are looking for their money,” Vladislav Dramaliev, director of the Bithope Foundation, was quoted as commenting by British TV.
The case comes after the recent cryptocurrency market slump led to major coins such as Bitcoin (bitcoin) and ether (Ethereum) lost half of its value since last year’s all-time high collapse Encrypted project. According to unconfirmed reports from other Bulgarian publications, Altunbashev made more than 6 million euros ($6.5 million) in 2021 and allegedly bragged to friends about expensive real estate purchases in Greece and Dubai.his facebook profile It was revealed that he also visited other exotic destinations.
Do you think Bulgarian authorities will try to find the missing cryptocurrency trader? Let us know in the comments section below.
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