Amid a brutal crypto market crash and soaring financial stress, the sudden death of a prominent Ukrainian trader has rattled investors and sparked an active police investigation.
Police Investigate Crypto Trader’s Death in Ukraine During Market Turbulence
A Ukrainian crypto trader was found dead, triggering a formal police investigation as market uncertainty persists. On Oct. 11, Kyiv authorities reported that Konstantin Galich, recognized in the digital asset space as Kostya Kudo, was found dead inside a Lamborghini Urus in the capital’s Obolonskyi district.
Investigators indicated that Galich had contacted relatives before his death, expressing emotional distress linked to mounting financial pressures. “The man told relatives that he was feeling depressed due to financial difficulties and also sent them a farewell message,” the Kyiv police department stated via its Telegram channel, according to Fox Business. A separate message posted on Galich’s own Telegram account read:
Konstantin Kudo tragically passed away. The causes are being investigated. We will keep you posted on any further news.
Police confirmed Galich had suffered a gunshot wound to the head and noted that a firearm registered in his name was recovered at the scene. The investigation remains open, with authorities exploring both suicide and possible foul play. Forensic teams and interviewers continue to collect evidence and testimonies to establish a clear sequence of events.
Co-founding Cryptology Key, a trading academy recognized within Ukraine’s crypto community, Galich had been an active participant in the education and development of blockchain-focused retail traders. Authorities have urged the public to avoid drawing conclusions until all investigative procedures are completed.
The news came amid a sharp global crypto sell-off that erased more than $19 billion in leveraged positions within hours. Bitcoin tumbled, dragging Ethereum and other major tokens into deep losses. Analysts attributed the decline to geopolitical tensions and new trade measures that shook investor confidence. The rout exposed the fragility of highly leveraged positions and the growing link between digital assets and broader financial sentiment.
