A cryptocurrency tycoon has been found dead with a gunshot wound inside his luxury car in Ukraine.
Konstantin Galich, also known as Kostya Kudo, has died after the digital currency market took a recent nosedive.
The entrepreneur was a well-known figure in the crypto industry.
He was reportedly found with a gunshot wound to his head in his black Lamborghini parked up in Kyiv’s Obolonskyi neighbourhood.
Konstantin’s death was later confirmed in a post on his Telegram channel.
It read: ‘Konstantin Kudo tragically passed away. The causes are being investigated. We will keep you posted on any further news.’
The city’s police department reportedly also found a gun registered with Konstantin at the scene.
According to the Kyiv police, he told his family he was ‘feeling depressed due to financial difficulties and also sent them a farewell message’.
Konstantin’s death came as turmoil hit the global crypto market, with an estimated €16billion wiped off within hours, sending investors into panic.
The meltdown was triggered after Donald Trump threatened to impose fresh 100% tariffs on Chinese imports.
Bitcoin saw its price fall by almost 10% to around $111,500, while the price of Ethereum coins also dropped to a record low over the weekend.
Analysts have said this latest crash is worse than in 2020, when the market was upset during the Covid-19 pandemic.
The markets and cryptocurrencies have since started to recover amid Trump’s threats and retaliation fears from Beijing.
Konstantin co-founded the Cryptology Key trading academy, speaking at industry events, as well as creating content for YouTube.
Tributes have been paid to him across the crypto world.
One trader stated: ‘An early Ukrainian crypto investor, builder, and believer, gone far too soon. This space moves fast, and sometimes we forget there are real people behind every wallet, every trade, every loss.’
Another said: ‘I knew Kostya personally… rest in peace, friend… He was a good guy, with the right worldview, very unexpected and strange… It’s just money…’
