Topics: News, World News, Cryptocurrency
Police are investigating to determine whether a crypto trader who was found dead took his own life or whether there was foul play involved.
Authorities have confirmed that the body of Ukrainian crypto trader Konstantin Galich, better known as Kostya Kudo, has been found.
Galich was found inside a Lamborghini Urus in the Obolonskyi district of Kyiv on October 11 with a gunshot wound to the head.
Police have also stated that a gun registered to him was also found at the scene.
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The Kyiv Police Department took to Telegram to offer a statement about the discovery and noted they were launching an investigation to understand whether it was a self-inflicted gunshot or whether there is evidence of foul play.
The statement noted that 'the man told relatives that he was feeling depressed due to financial difficulties and also sent them a farewell message'.
It added: "Investigation and operational groups of the district and main police departments, criminalists and a forensic expert worked at the scene.
"A pre-trial investigation is currently underway, all circumstances of the incident are being clarified."
Galich’s own official Telegram channel also issued a statement confirming his death.
It read: “Konstantin Kudo tragically passed away. The causes are being investigated. We will keep you posted on any further news.”
The 32-year-old had built up a solid reputation in the Ukrainian and international crypto currency community and co-founded the Cryptology Key trading academy.
After being founded in 2022, the institution became renowned for its comprehensive crypto trading education.
As a strategist, Galich built up a reliable reputation, often advising during both prosperous and challenging times in the market.
However, Galich’s complaints of financial difficulties come at a time that the crypto market has begun to see more volatility.
Some have argued that a market crash in the industry was triggered following US president Donald Trump’s announcement that there would be 100 percent tariff on Chinese imports, along with export controls on critical software.
CNN reports the announcement triggered an $18 billion cryptocurrency sell-off.
Tributes have begun to flood in on social media for Galich.
One Twitter user wrote: “An early Ukrainian crypto investor, builder, and believer, gone far too soon.
“This space moves fast, and sometimes we forget there are real people behind every wallet, every trade, every loss. Please take care of yourselves.”
Another said: “Heartbreaking to hear this. Markets rise and fall, but no trade is worth a life.”
While many others simply wrote 'R.I.P.' after hearing the news.
If you or someone you know is struggling or in crisis, help is available through Mental Health America. Call or text 988 to reach a 24-hour crisis center or you can webchat at 988lifeline.org. You can also reach the Crisis Text Line by texting MHA to 741741.
