Famous Ukrainian Trader Suspected of Suicide: The Encryption Tragedy Behind the $19 Billion Get Liquidated Storm

After experiencing one of the most severe single-day liquidation events in the crypto market since 2020, tragic news has emerged about the passing of a prominent community figure. On October 11, 2025, 32-year-old Ukrainian crypto assets trader and educator Konstantin Galich (online alias Kostya Kudo) was found dead in a Lamborghini in Kyiv, with preliminary investigations pointing to suicide. This incident occurred at a time when over $19 billion in positions evaporated from the global derivation market within 24 hours, starkly revealing the immense psychological and emotional toll that extreme fluctuations in the market can have on traders.

Market Crash: The Personal Tragedy Behind Historic Liquidation

· Cause of Death and Investigation: Konstantin Galich was found in the Obolonskyi district of Kyiv with a gunshot wound to the head, and there was a registered firearm beside him. Although the police initially leaned towards suicide, authorities have initiated a criminal investigation under the "premeditated murder" clause to carefully ascertain all details.

· Struggle Before Death: The farewell letter left by Galichi and the disturbing messages he sent to friends and family a few days before the incident revealed the immense financial and emotional pressure he was facing. Reports indicate that he had been in an unbearable predicament due to the severe fluctuations in the crypto market.

· Community Confirmation: The death of Galich has been confirmed on his Telegram channel, which has over 68,000 subscribers. For years, he has provided the community with professional trading analysis and market commentary through this channel.

· The Most Severe Liquidation in History: The death of Galich coincided with a historic collapse in the crypto assets world. In just 24 hours, over 19 billion dollars in derivation positions were liquidated, a scale comparable to the initial outbreak of the pandemic in 2020. Bitcoin (BTC) led the decline, dropping over 13% within an hour, while altcoins and other long-tail coins experienced unprecedented fluctuations.

The Human Cost that the Crypto Industry Must Face

· Psychological Burden Under High Fluctuation: This crisis highlights the significant psychological and mental health impacts of market fluctuations on professional traders and crypto entrepreneurs, whose personal wealth is closely tied to market trends. Local media and community members noted that Garry had previously candidly admitted to enduring enormous financial pressure, with his public trading failures and the rapid evaporation of asset value causing severe public repercussions.

· Kostya Kudo's Industry Impact: Konstantin Galich is remembered for his transparency, profound analytical insights, and educational outreach in the Eastern European crypto community. His YouTube and Telegram content has popularized complex blockchain concepts and market risks for thousands, earning him respect and affection in the trading world.

· Community Calls for Attention to Mental Health: This tragedy has prompted community members and authorities to urge the public to face the emotional and mental health challenges that may arise during financial turmoil, and to emphasize that net worth should not be equated with self-worth. As one of his followers commented: "Please remember – your life is of the highest value. No amount of money, profit, or loss is worth it (at the cost of life)."

Conclusion

The tragic death of Konstantin Galich, a renowned Ukrainian crypto trader, leaves a painful human footnote to the severe bloodbath of this round of Bitcoin (BTC) and the crypto market. While investigators continue to clarify the specifics of the incident, this event serves as a wake-up call for the entire crypto industry: in the pursuit of high risks and high returns, greater attention must be paid to the mental health of its practitioners and investors. No market fluctuation can outweigh the value of life.

Disclaimer: This article is for news information and does not constitute any investment advice. The crypto market experiences significant fluctuations, and investors should make decisions with caution.