Galich, a Ukrainian who was more widely recognized as Kostya Kudo, was a prominent personality in the global cryptocurrency sector. His untimely death caused a significant stir within the crypto community. He was discovered deceased on Saturday in Kyiv's Obolonskyi district, having suffered a gunshot wound to the head.
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The Kyiv Police Department reported that a gun registered to Galich was discovered at the location. While they have not dismissed the possibility of foul play, the police noted that Galich had informed his family about his depression stemming from financial troubles and had sent them a goodbye message on Friday.
Galich's death was also reported on his Telegram channel, which boasts more than 68,000 followers. The message read, 'Konstantin Kudo has sadly passed away. The causes are being investigated. We will provide updates as new details emerge.'
Galich is a co-founder of the Cryptology Key trading academy and has amassed over 66,000 followers on Instagram, where he provides industry insights. The cryptocurrency market crash was initiated by Donald Trump's threats to implement 100 percent tariffs on China in the coming weeks, resulting in approximately $400 billion being erased from the crypto market's value within a day of the announcement.
Preliminary police investigations suggest suicide, but officials have also initiated a criminal probe under the premeditated murder law, indicating their careful approach to thoroughly determine the situation.
It has been reported that he was grappling with increasing pressures following the market crash shock. The cryptocurrency sector is experiencing one of its most severe single-day liquidations since the 2020 pandemic. More than $19 billion in derivatives positions were eliminated in a single day, with Bitcoin spearheading the decline by falling over 13% in just one hour.
Konstantin Galich was fondly remembered by his friends and followers for his openness and analytical acumen. His content on YouTube and Telegram simplified intricate blockchain concepts and market risks for many, garnering him respect and a substantial audience.
