A Ukrainian crypto trader has been found dead in Kyiv

[Shishir99]

Well, I have posted this in the WO thread, but I believe this case deserves a dedicated thread. People should never commit suicide doesn't matter the situation. It won't be hard for a grown man to make a few million dollars especially when he is esbalished already. We never expect such death; nobody should commit suicide because of the crypto market movement.

A Ukrainian crypto trader has been found dead in Kyiv in the wake of a market crash, with officials now treating the incident as a possible suicide, according to local police. Konstantin Galich (better known as Kostya Kudo) was found inside a Lamborghini Urus in the Obolonskyi district of Kyiv Oct. 11 with a gunshot wound to the head. According to police reports, a firearm registered to him was also at the scene. A statement shared on the Kyiv Police Department’s Telegram channel said the focus was on establishing if the act was self-inflicted or involved foul play.

The statement said that a day before his death, “the man told relatives that he was feeling depressed due to financial difficulties and also sent them a farewell message.”



Read: https://nypost.com/2025/10/12/world-news/ukrainian-crypto-trader-konstantin-galich-found-dead-inside-lamborghini-as-market-plunges/

[Hazink]

Don’t be this man

We already have an ongoing discussion on that matter..

[Shishir99]

Don’t be this man

We already have an ongoing discussion on that matter..

Thanks for the info.
But I believe that thread has a different purpose. It was created in the the the beginner and help sections,s, and the topic title; are totally different. We are in the economics section and we can discuss this in a different way. The same incidents can different threads for different reason, even though we have seen multiple threads for the same reason before. But I want to believe that my thread has a different purpose even though the context we get is from the same incident.

I hope this makes some sense. If people think it's not, then I will lock the thread. So your opinion is welcomed.

[coin-investor]

I hope this makes some sense. If people think it's not, then I will lock the thread. So your opinion is welcomed.

Some members or traders are not visiting the beginners and help sections, so I support the thread, but I respect other members' opinions if they think it should be locked.

On the discussion, if this is a suicide, I'm surprised that he would commit this terrible act based on the article

He co-founded the Cryptology Key trading academy and was an active influencer and strategist in digital asset markets.

He should understand the market movement, as this is not something new, and the community has seen this before; it's not the end of the market, it will eventually recover. We should just be patient. I guess this needs a deep investigation, as there are other causes that lead to his action.

[Emjay24]

He co-founded the Cryptology Key trading academy and was an active influencer and strategist in digital asset markets.

He should understand the market movement, as this is not something new, and the community has seen this before; it's not the end of the market, it will eventually recover. We should just be patient. I guess this needs a deep investigation, as there are other causes that lead to his action.

As much as I do not support suicide if that's the case in his death, but this isn't a case of market recovery since the guy in question is a trader and judging from the reports that most of traders accounts were wiped out and some close to zero balances, we do not know the category he fell in and some people aren't that emotionally strong cannot really deal with some level of disappointments. The dude must've really been affected by the crash to a dangerous level that he considered suicide as the only backup plan available to him

[Nothingtodo]

It's very sad to hear about this, especially since the market correction that took place two days ago may have caused him a huge loss that he couldn't mentally take. Maybe he committed suicide because he couldn't take it mentally, or maybe he had a stroke due to high blood pressure. A liquidation of nearly $16 billion is something that no one can tolerate, especially those who have suffered major losses, and such an unfortunate incident can happen if they are not mentally prepared. That is exactly what happened to this Ukrainian crypto trader and official media influencer.

[Fortify]

Well, I have posted this in the WO thread, but I believe this case deserves a dedicated thread. People should never commit suicide doesn't matter the situation. It won't be hard for a grown man to make a few million dollars especially when he is esbalished already. We never expect such death; nobody should commit suicide because of the crypto market movement.

A Ukrainian crypto trader has been found dead in Kyiv in the wake of a market crash, with officials now treating the incident as a possible suicide, according to local police. Konstantin Galich (better known as Kostya Kudo) was found inside a Lamborghini Urus in the Obolonskyi district of Kyiv Oct. 11 with a gunshot wound to the head. According to police reports, a firearm registered to him was also at the scene. A statement shared on the Kyiv Police Department’s Telegram channel said the focus was on establishing if the act was self-inflicted or involved foul play.

The statement said that a day before his death, “the man told relatives that he was feeling depressed due to financial difficulties and also sent them a farewell message.”

Anyone who has control of vast amounts of crypto is going to be a target, even more so as the price creeps upwards and unless he did something particularly foolish with it - I wonder why he felt there was no reason to live. I know nothing about his circumstances or whether he was successful, but trading can be an extremely dangerous area so it's possible that he lost all his money. Anyone who can create a Binance account can call themselves a trader, so lets not act like it is some special skill to spend money on that activity, there will be very few people who are able to pull it off successfully and consistently. In this case there is no reason to think foul play was involved, unless someone can say that he had lots of crypto that has since disappeared.

[Lucius]

I don't know if the investigation will give any new details, but unless the deceased left a farewell letter saying that he killed himself because of something related to cryptocurrencies, the cause of death could be anything else, such as an unhappy love, an incurable disease or a mental disorder.

Maybe this is a good example for all those who think that everything is about money, because the man clearly had a lot of money, but he clearly wasn't happy in life.

[serjent05]

I don't know if the investigation will give any new details, but unless the deceased left a farewell letter saying that he killed himself because of something related to cryptocurrencies, the cause of death could be anything else, such as an unhappy love, an incurable disease or a mental disorder.

Maybe this is a good example for all those who think that everything is about money, because the man clearly had a lot of money, but he clearly wasn't happy in life.

The case is still vague; the investigators have yet to establish suicide, they are just suspecting it and the chance of being killed is still on their list.  Not because a person stated that he has financial difficulty means the person will commit suicide; it can be a coincidence before the event.

I don't know if the investigation will give any new details, but unless the deceased left a farewell letter saying that he killed himself because of something related to cryptocurrencies, the cause of death could be anything else, such as an unhappy love, an incurable disease or a mental disorder.

Maybe this is a good example for all those who think that everything is about money, because the man clearly had a lot of money, but he clearly wasn't happy in life.

The story said that the guy said farewell, but does not say he would kill himself... so the death is still suspicious of suicide.  From your observation that the man look he has a lot of money tells that there is probably another reason for the guy's death.