Ukrainian crypto blogger Kostya Kudo committed suicide after the crypto market collapse (7 photos)

However, some crypto investors doubt it was suicide.





Prominent Ukrainian crypto investor Konstantin Ganich, also known by the pseudonym Kudo, committed suicide amid the massive cryptocurrency market crash that occurred on the night of October 10-11.



According to industry sources, the desperate move was prompted by enormous financial losses: rumor has it that the investor lost at least $30 million—money entrusted to him to manage for other investors and clients.

The body of the 32-year-old well-known crypto trader was found in his Lamborghini Urus, parked in Kyiv's Obolonskyi district. He allegedly bid farewell to his family, leaving a message before his death. A weapon registered to Ganich was found near the body.





On the same night of the crypto crash, the world watched as the US stock market lost a whopping $1.65 trillion, and the cryptocurrency sector collapsed, losing $10 billion. Such a decline had never been seen in any previous crisis, and it all began immediately after Trump announced new 100% tariffs on Chinese goods.







The decline affected all sectors: manufacturing, IT, and finance. Following the tariff news, Bitcoin plummeted (by 14%), along with other cryptocurrencies: altcoins fell by 50-60%, and Durov's TON cryptocurrency lost 54% of its value in a couple of minutes, from $2.60 to $1.20. By the morning of October 11, most of the crypto market had recovered half of its losses, but for many crypto investors, the decline was critical.



Ganich was a prominent figure in the crypto community, known not only for his successful investments but also for his lavish lifestyle. According to some of his colleagues, the investor managed funds belonging to Ukrainian security forces, among other things, and his death may not have been suicide, but rather revenge for debts and lost income. However, Galish could well have committed suicide, realizing he had lost a ton of other people's money, which he was unlikely to ever recoup.

Konstantin Ganich previously worked as a fitness trainer, but several years ago, he and his friends decided to make money in cryptocurrency and teach subscribers how to make money. He was the director of the Association of Ukrainian Traders and a major stock market player.

Meanwhile, Trump attributed the cryptocurrency crash to Biden's failed economy. He claimed they were having to clean up the mess that a demented old man had made.