The relentless bloodbath in crypto markets this week has delivered not only financial devastation but also personal tragedy. On October 11, 2025, prominent Ukrainian crypto trader and educator Konstantin Galich, widely known as Kostya Kudo, was found dead inside his Lamborghini in Kyiv’s Obolonskyi district.
Galich, aged 32, was discovered with a gunshot wound to the head. A registered firearm was found beside him. Initial police findings point toward suicide, though authorities have also opened a criminal investigation under the premeditated homicide statute, signaling their caution to fully establish the circumstances.
A farewell letter and troubling messages to family and friends in the days prior revealed the depth of Galich’s financial and emotional distress. Reports indicate that he had been struggling with mounting pressures as crypto markets unraveled.
His passing was confirmed on his widely followed Telegram channel, where more than 68,000 subscribers had received his trading analysis and market commentary for years.
A crash of historic magnitude
Galich’s death occurred just as the crypto world was reeling from one of its worst single-day liquidations since the 2020 pandemic. In the space of 24 hours, over $19 billion in derivatives positions were wiped out as markets convulsed, erasing months of leveraged build-up in seconds.
Bitcoin led the collapse, dropping over 13% within the hour, while altcoins and long-tail tokens experienced unprecedented volatility.
The crisis highlighted the immense psychological toll on professional traders and crypto entrepreneurs, whose personal fortunes are intimately tied to market swings. Local media and crypto community members pointed to Galich’s candid admissions of financial strain, alongside the public fallout from collapsed trades and evaporating asset values.
Konstantin Galich: legacy and community impact
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Author: Christina Comben
