Crypto Trader Dies By Suicide In Ukraine Amid $19 Billion Market Crash

According to local police and multiple news reports, crypto trader Konstantin Galish — also known by the name Kostya Kudo — was discovered dead inside his Lamborghini Urus in the Obolon district of Kyiv. He was 32.

Reports have disclosed that the cause of death was a gunshot wound to the head, and a firearm registered in his name was found at the scene. Authorities are treating the case as a possible suicide while examinations continue.

Investors Face Heavy Losses

Based on reports, the discovery came amid a severe crypto market rout that saw roughly $19 billion in liquidations over a 24-hour stretch. Some outlets say that Galish, who was also a crypto influencer, may have been connected to losses of about $30 million tied to clients or projects he ran.

Messages sent to relatives, according to those close to the family, spoke of emotional strain and financial trouble. Friends told investigators that he had communicated distressing notes before he died.

The Case Is Still Open

The scene was secured by Kyiv police and statements were posted on official Telegram channels. The investigation is ongoing. No final cause has been announced, and investigators say they have not ruled out other possible explanations.

News of the death spread quickly through trading groups and social feeds. Members of the crypto community expressed shock and urged more attention to mental health among traders.

Based on reports, public discussion has centered on the pressure tied to high-risk strategies, public profiles, and the thin line between private losses and funds held for others.

In Ukraine, where health and social services have been strained by broader national challenges, commentators said that more safety nets are needed for people under severe financial pressure.

Analysts pointed to a string of trade and tariff headlines that shook investor confidence. Reports connected the sudden selloff to news tied to trade policy and to remarks that were linked in media accounts to US President Donald Trump, which together fed a wave of selling across risky assets.

The market move was large enough to trigger liquidations and forced exits for some highly leveraged positions. That ripple, in turn, heightened scrutiny of influencers and small firms handling client funds.

Featured image from Pexels, chart from TradingView