The crash was triggered by new US tariff announcements on China. (Image: Reddit)
The body of Konstantin Galish, a prominent Ukrainian cryptocurrency investor and blogger known online as Kostya Kudo, was reportedly discovered inside a Lamborghini on Saturday. The death of the 32-year-old coincided with a sharp decline in the cryptocurrency market, which immediately sparked conjecture and sadness on social media. His passing was confirmed in a post on his own Telegram channel, which stated that an investigation into the cause of death is currently underway.
Konstantin Galish was a well-known figure in the Ukrainian crypto scene. He served as the CEO and co-founder of the Cryptology Key Trading Academy, a platform for cryptocurrency enthusiasts to learn about the market. He was quite popular online, with the academy boasting over 100,000 Instagram followers and nearly 97,000 YouTube subscribers. Galish often showed off his success, owning luxury cars like a Lamborghini Urus and a Ferrari 296 GTB.
Galish's body was found in a car in the Obolon district of Kyiv, Ukraine. According to the social media site Binance Square, he committed suicide, but official investigations are still underway. Authorities have not formally confirmed this claim. His death occurred just hours after a significant cryptocurrency market meltdown, which has garnered attention due to its timing. The connection between these two events is at the center of the unfolding story.
The crypto community was quickly flooded with tributes and reports following the news of his death. A prevalent claim circulating on social media is that Galish suffered catastrophic financial losses immediately preceding his death. These unsubstantiated rumors claim that he lost at least $30 million. It was claimed that this amount belonged to both him and the investors who had trusted him with their money, which put even more strain on the issue.
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The "bloodbath" in the crypto market was triggered by a major political announcement. On Friday, former U.S. President Donald Trump declared he was raising tariffs by 100% on “any and all critical software” imports from China. This added to existing tariffs, bringing the total to 130%. Experts state this move severely weakened market sentiment, as Chinese investors are major players in the cryptocurrency space. The announcement caused a sharp retreat in the value of major cryptocurrencies like Bitcoin and Ethereum.
