Crypto Trader Found Dead After the Market Crash Wiped Out His 30M

Ukrainian-based crypto trader and influencer Konstantin Galish, known online as “Kostya Kudo”, was found dead in a Lamborghini Urus, with a gunshot wound to the head. With his death coinciding with the crypto crash, which is the biggest crypto crash ever, authorities suspect a suicide.

Police found a firearm registered to him near his body, and he had reportedly told his close ones that he was depressed due to the crypto crash, which erased a total of $19.16 in liquidations from the market. Reports claim that Galish lost $30 million of investors’ money within 25 minutes of the crash.

Who Was Konstantin Galish, aka “Kostya Kudo”? 

Kostya Kudo (32), an influential figure in the cryptocurrency milieu, was one of the most well-known crypto traders and influencers from Ukraine. Beyond his role as an investor and social media influencer, he was the co-founder of the Cryptology Key trading academy, which has more than 250,000 community members, 100,000 Instagram followers, and 97K subscribers on YouTube.

Cryptology Key has been teaching blockchain and crypto trading for users across Ukraine and Europe, providing detailed free classes on YouTube. According to various sources, Kostya Kudo reportedly managed around $65 million in multiple cryptocurrencies, apart from providing trading classes. The money was reportedly from external investors, and he lost $30 million from the portfolio due to the recent crash. However, these metrics have not yet been verified officially.

Crypto Market Recovers From the Crash Amidst the FUD

Kostya Kudo’s death enhanced the FUD (Fear, Uncertainty, and Doubt) ignited by the crash in the market, but it has shown signs of recovery and the continuation of the bull run. Bitcoin rose to $115K from the dip into $108K and Ethereum (ETH) from $3,615 to $4,182. Binance’s BNB exhibited the strongest growth, attaining its all-time high of $1,370 today.

Market experts expect the uptrend to continue, and observe that Kostya Kudo should’ve waited instead of letting his emotions and sudden loss of muscular coordination rule his rationality. However, police are still investigating to confirm whether it is a suicide or if any foul play happened. In the past, various crimes have been committed against crypto influencers.

Crypto Market Today: Recovers & Bullish

• Market Cap – $3.93 Trillion
• Fear & Greed Index – Neutral (40)
• Bitcoin Dominance – 58.4%
• Ether Dominance – 12.8%
• Altcoin Season Index- 45/100

The crypto market is 5.66% up today, with BNB witnessing a 15% surge, XRP 10%, and ETH 9%. The market cap is nearing $4 trillion again, and the Fear is transforming into Neutral sentiment in the Fear & Greed Index. 
As a highly volatile market that reacts to unexpected situations, it is important to invest in crypto with extreme caution. If you have lost your funds in any of the recent trades, don’t fall into the trap of making decisions when in emotional distress. If you are in a suicidal crisis, find a helpline and talk with someone who can ease your distress. Don’t let emotions rule your rational decision-making skills, especially while trading in crypto. Also, try to do as much research as possible before investing in your desired crypto.