The Human Cost of Crypto Collapse: Ukrainian Trader Konstantin Galich Found Dead

The cryptocurrency market, already on its knees from one of the worst crashes in years, has been rocked by tragic personal news.

Konstantin Galich, 32, the eminent Ukrainian trader and educator widely known in the community as Kostya Kudo, was found dead on 11 October 2025.

Galich's body was discovered inside his Lamborghini in Kiev's Obolonskyi district, with a gunshot wound to the head. A registered firearm was found next to the body.

The initial police findings lean towards suicide. However, authorities have cautiously opened a criminal investigation under the premeditated murder statute in order to fully establish the full circumstances of his death.

Financial Pressure and Historical Collapse

A suicide note and troubling messages sent to family and friends in the days leading up to it revealed the depth of the trader's financial and emotional distress. Galich's death coincides with a week of unprecedented losses in the sector.

In the 24 hours leading up to the discovery, the cryptocurrency world suffered one of the worst single-day liquidations since 2020, with more than $19 billion of derivative positions wiped out, wiping out months of leveraged construction in seconds.

The Bitcoin led the collapse, losing over 13% in one hour, while altcoins and 'long-tail' tokens experienced unprecedented volatility. Local media and members of the crypto community correlated Galich's death to his admissions of financial difficulties and the public disaster of his trade and evaporating assets.

The Legacy of Kostya Kudo

Konstantin Galich was a prominent and respected figure in the fast-growing Eastern European crypto scene. With more than 68,000 subscribers on his Telegram channel, he offered trading analysis and market commentary, revealing complex ideas of the blockchain and the risks to thousands of people.

His disappearance was confirmed on his Telegram channel. While investigators continue to clarify the circumstances of his death, the industry is forced to come to terms with both the scale of the recent market crash and its very high human cost.

The authorities have urged the public to recognise the emotional and mental health challenges that can arise in times of financial upheaval and not to confuse net worth with self-esteem.

As commented one of his followers:

Just a reminder: your life is the highest value. No money, profit or loss is ever worth as much as it.