Bulgarian Crypto Trader Disappears Under Mysterious Circumstances

The whereabouts of Alexander Altunbashev, a Bulgarian entrepreneur and crypto dealer, are unknown since Monday. Law enforcement officers are actually investigating his attainable abduction whereas some within the native crypto group speculate he is likely to be hiding from disgruntled buyers.

Bulgarian Authorities Investigate Possible Kidnapping of Alleged Crypto Millionaire

Police in Bulgaria are attempting to find a businessman who went lacking below unusual circumstances earlier this week. The 32-year-old Alexander Altunbashev is an IT specialist and entrepreneur who, based on media studies, made cash from crypto buying and selling.

Prosecutors in Sofia are wanting into his attainable 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.

On Monday morning, Teodora gave him a experience to Sofia’s Mladost district. Later that day, she noticed a person unlocking and coming into her brother’s residence, proper subsequent door to her personal residence. 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 residence turned the wrong way up. They imagine that whoever did it was in all probability making an attempt to achieve 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 Sea coast.

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 in opposition to him or points together with his enterprise relations.

Altunbashev May Be Hiding From Clients, Crypto Community Suspects

The missing IT knowledgeable’s cellphone was final used from a location simply exterior Sofia. The final particular person to talk with him was Ivaylo Borisov, an individual with a legal report recognized by his alias ‘Torino,’ who’s an in depth good friend of Alexander. The two have been supposed to satisfy at midday on Monday however the crypto dealer didn’t present up. Borisov is collaborating with legislation enforcement authorities.

Meanwhile, speculations have emerged within the nation’s crypto group that Alexander Altunbashev could 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 — perhaps there’s a battle with the folks which can be on the lookout for their cash,” commented Vladislav Dramaliev, director of Bithope Foundation, quoted by bTV.

The case follows the current crypto market hunch that led to main cash like bitcoin (BTC) and ether (ETH) dropping half of their worth since final 12 months’s all-time highs and the collapse of crypto tasks. According to unconfirmed studies by different Bulgarian publications, Altunbashev revamped €6 million (virtually $6.5 million) in 2021 and allegedly boasted to buddies about costly actual property purchases in Greece and Dubai. His Facebook profile reveals he has visited different unique locations as properly.

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