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crypto

Crypto Trader Dies By Suicide In Ukraine Amid $19 Billion Market Crash

Christian Encila
by Christian Encila
Last Updated: October 13, 2025 4:30 pm
·
Posted in Crypto News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

According to local police and multiple news reports, crypto trader Konstantin Galish — also known by the name Kostya Kudo — was discovered dead inside his Lamborghini Urus in the Obolon district of Kyiv. He was 32.

Related Reading: Bitcoin Or Your Life? Israeli Trader Stabbed, $600K Stolen in Home Attack

Reports have disclosed that the cause of death was a gunshot wound to the head, and a firearm registered in his name was found at the scene. Authorities are treating the case as a possible suicide while examinations continue.

Investors Face Heavy Losses

Based on reports, the discovery came amid a severe crypto market rout that saw roughly $19 billion in liquidations over a 24-hour stretch. Some outlets say that Galish, who was also a crypto influencer, may have been connected to losses of about $30 million tied to clients or projects he ran.

Messages sent to relatives, according to those close to the family, spoke of emotional strain and financial trouble. Friends told investigators that he had communicated distressing notes before he died.

BREAKING: A Ukrainian crypto investor Kostya Kudo Konstantin Galish, 32 was found dead from a self-inflicted gunshot wound inside his Lamborghini Urus in Kyiv. The tragedy came as the crypto market suffered a $19 billion wipeout.

Authorities have ruled it a suicide, the crypto… pic.twitter.com/U9XtEcplsu

— Ash Crypto (@Ashcryptoreal) October 11, 2025

The Case Is Still Open

The scene was secured by Kyiv police and statements were posted on official Telegram channels. The investigation is ongoing. No final cause has been announced, and investigators say they have not ruled out other possible explanations.

Community Reacts And Calls For Support

News of the death spread quickly through trading groups and social feeds. Members of the crypto community expressed shock and urged more attention to mental health among traders.

Bitcoin is currently trading at $114,233. Chart: TradingView

Based on reports, public discussion has centered on the pressure tied to high-risk strategies, public profiles, and the thin line between private losses and funds held for others.

In Ukraine, where health and social services have been strained by broader national challenges, commentators said that more safety nets are needed for people under severe financial pressure.

Related Reading: Hackers Strike Again — $21M Stablecoin Loot Moved To Ethereum Network

Market Triggers And Broader Context

Analysts pointed to a string of trade and tariff headlines that shook investor confidence. Reports connected the sudden selloff to news tied to trade policy and to remarks that were linked in media accounts to US President Donald Trump, which together fed a wave of selling across risky assets.

The market move was large enough to trigger liquidations and forced exits for some highly leveraged positions. That ripple, in turn, heightened scrutiny of influencers and small firms handling client funds.

Featured image from Pexels, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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Christian Encila

Christian Encila

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Christian, a journalist and editor with leadership roles in Philippine and Canadian media, is fueled by his love for writing and cryptocurrency. Off-screen, he's a cook and cinephile who's constantly intrigued by the size of the universe.

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