Crypto trader dies by suicide amid market crash
Ukrainian authorities reportedly It opened an investigation into the death of Konstantin Galich, a crypto trader and influencer who used the pseudonym Kostya Kudo (or “Kudo”).
He was found dead in his car in the Obolonskyi district of Kiev on October 11, 2025.
According to a statement from law enforcement, Galich’s body was found with a gunshot wound to the head. A licensed firearm was found next to him.
The police are treating the incident as a possible suicide but have opened a criminal case under Part 1 of Article 115 of the Criminal Code of Ukraine.
The incident was later confirmed in the trader’s telegram group.
“Konstantin Kudo passed away tragically. The cause is being determined. We will inform you when new news arrives.” – KostyaKudo on Telegram
Galich, 32, was known for his detailed work comment in the cryptocurrency market. The trader had gained a significant following with over 68,975 subscribers on his Telegram channel, thanks to his analytical videos and social media posts.
Including local sales points 5.uareported that shortly before his death, the blogger expressed his financial difficulties and published farewell messages to his loved ones.
The tragedy comes as the crypto market is experiencing one of its worst single-day crashes since the COVID-19 pandemic, with more than $19 billion of leveraged positions liquidated in the last 24 hours.
Related: Analyst looking for 2022 crypto crash warns of new ‘black swan’
Although a direct link between Galich’s financial situation and the market downturn has not yet been confirmed, the timing of his death coincides with a period of extreme volatility and widespread losses among retail traders.
Police said the preliminary investigation is ongoing and efforts are being made to clarify all the circumstances surrounding the incident.
Friends and followers remembered Galich as a passionate advocate of crypto education in Eastern Europe. YouTube and Telegram channelsFrequently exploring blockchain trends and market psychology, they have been cited as valuable learning resources for new investors.
While the cause of death remains under investigation, Galich’s passing highlights the personal and psychological pressures many retail traders face during prolonged market uncertainty.
