Ukrainian crypto trader Konstantin Galich, widely known in the digital asset world as Kostya Kudo, was found dead in his Lamborghini Urus in Kyiv’s Obolonskyi district on October 11. Authorities discovered a gunshot wound to his head, with a firearm registered to him at the scene. Kyiv police have launched an investigation, treating the death as a potential suicide, though foul play has not been ruled out.
Galich, 32, was a prominent figure in the global cryptocurrency community. He co-founded the Cryptology Key trading academy and was widely followed for his insights on Bitcoin, Ethereum, and NFTs. Known for combining technical analysis with psychological advice for traders, he had amassed a loyal following on Telegram and YouTube. Friends and family revealed that he had expressed deep stress and depression due to financial losses in the volatile crypto market, sending a farewell message just a day before his death.
The tragedy comes amid a historic $19 billion cryptocurrency market crash, triggered by U.S. President Donald Trump’s sudden announcement of a 100% tariff on Chinese imports. The announcement sent shockwaves across global financial markets, wiping out leveraged positions and liquidating over 1.6 million trading accounts. Bitcoin dropped nearly 8% to around $111,500, while Ethereum plunged 12.7% to $3,778.31. Analysts are calling it the largest liquidation event in crypto history, surpassing both the 2020 COVID-19 crash and the 2022 FTX collapse.
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Galich’s personal lifestyle reflected the success he had achieved before the crash. He was known for his collection of luxury vehicles, including a 2020 Lamborghini Urus, a 2023 Ferrari 296 GTB, and a 2012 Mercedes-Benz 220 CDI. Yet, the pressures of high-stakes trading, combined with the sudden market collapse, appeared to take a severe toll on his mental health.
Social media has erupted following news of his death. Fellow crypto traders expressed shock and grief, sharing memories and condolences while highlighting the intense stress faced by investors in highly volatile markets. Mental health experts have also weighed in, warning of the dangers of extreme financial stress and the importance of seeking support during periods of market turbulence.
Authorities continue to investigate the circumstances surrounding Galich’s death. Meanwhile, the global crypto community is left grappling with the human cost of trading in highly leveraged and unpredictable markets—a stark reminder that behind the headlines of digital wealth are real people facing immense pressure.
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