Crypto Assets trader Konstantin died in his car! A deadly tragedy after the liquidation of 19 billion.

32-year-old Ukrainian famous crypto assets trader Konstantin Galich was found dead in a Lamborghini in Kyiv on October 11, shot in the head. This tragedy occurred at a time when the big dump of crypto assets led to the evaporation of $19 billion in derivation positions, with Bitcoin falling 13% in a single day.

The Death of Crypto Assets Trader Konstantin: Last Moments Inside the Lamborghini

On October 11, 2025, a tragic incident shocked the Crypto Assets community in the Obolon district of Kyiv. The famous Ukrainian Crypto Assets trader and educator Konstantin Galich, known as Kostya Kudo, was found dead in his LAMB car at the age of 32. This Crypto Assets trader, who had over 68,000 subscribers on Telegram, was shot in the head, and a registered firearm was found beside him. Preliminary police investigations suggest it may be a suicide, but authorities have launched a criminal investigation under the premeditated murder law to thoroughly ascertain the circumstances.

Constantine's career as a Crypto Assets trader is filled with achievements. The content he posts on YouTube and Telegram has unveiled the mysteries of complex blockchain concepts and market risks for thousands of people, earning him respect and admiration throughout the Eastern European trading community. His analyses are candid and in-depth, sharing not only successful experiences but also openly discussing lessons from failures. It is this sincerity that has established his unique reputation among the Crypto Assets trading community.

However, in the previous days, Konstantin sent farewell letters to family and friends, and issued disturbing messages that exposed his deep financial and emotional troubles. Reports suggest that with the severe fluctuations in the Crypto Assets market, he has been struggling to cope with increasing pressure. As a high-risk Crypto Assets trader, he may have suffered significant losses in the recent market crash, and this financial blow combined with psychological stress could have triggered this tragedy.

The death of Konstantin has caused a huge shock in the crypto assets community. His Telegram channel confirmed the news, and thousands of messages of mourning and remembrance poured in. Many followers expressed disbelief, as Konstantin always appeared vibrant and optimistic in public. This tragedy serves as a reminder that the polished images on social media may mask struggles and pain in reality. A fan's comment captured the essence: "Just a reminder—your life is the most precious. No amount of money, profit, or loss is worth sacrificing it for."

Historic Crypto Assets Crash: $19 Billion Vanished Overnight

The timing of Konstantin's death is heartbreaking, as it coincides with one of the most severe single-day liquidations in the Crypto Assets market since the pandemic in 2020. Within just 24 hours, over 19 billion dollars in derivation positions evaporated amid market turmoil, and months of accumulated leverage disappeared in seconds. The scale and speed of this Crypto Assets crash are unprecedented, destroying not only wealth but also the confidence and hopes of many crypto traders.

Bitcoin is leading the fall in this crypto assets crash, plunging over 13% within an hour, dropping from $122,000 to as low as $102,000. Altcoins and long-tail tokens have experienced unprecedented volatility, with many coins seeing daily declines of over 20%. For cryptocurrency traders using high leverage, this volatility means a devastating blow. Even with 5x leverage, a 13% drop results in a 65% loss, while traders with 10x or higher leverage can be instantly liquidated, losing everything.

The trigger for this crypto assets crash was Trump's sudden announcement of a 100% tariff on China. The geopolitical black swan event sparked a global sell-off of risk assets, with crypto assets being the first to feel the impact as a high-risk asset class. The fear and greed index plummeted from 64 (greed) to 27 (fear), and this dramatic reversal of sentiment caught many crypto assets traders off guard. Those long positions established during market optimism became a lethal burden in the panic.

The collapse of Crypto Assets has highlighted the immense psychological trauma experienced by professional traders and entrepreneurs, whose personal fortunes are closely tied to market fluctuations. Local media and community members pointed out that Konstantin had openly admitted the financial pressure, as well as the impact of trading crashes and asset value evaporation on him. This kind of public vulnerability is actually not uncommon among Crypto Assets traders; many showcase their successes on social media while privately bearing significant psychological burdens.

The Invisible Crisis of Crypto Assets Traders: When Net Worth Equals Self-Worth

The tragedy of Konstantin has prompted the crypto assets industry to face a long-ignored issue: the extreme psychological pressure and mental health crisis faced by cryptocurrency traders. The characteristics of this industry—24/7 trading, extreme price volatility, the temptation of high leverage, and the public performance display on social media—create a high-pressure environment. When a big dump of crypto assets occurs, these pressures can become fatal.

Many crypto assets traders closely tie their personal value to their portfolio performance. In a bull market, the rapid increase in paper wealth brings a sense of achievement and social recognition; but during a cryptocurrency crash, the evaporation of wealth is not only a monetary loss but also a denial of self-worth. When a person's identity is overly dependent on trading results, a significant loss can trigger a deep existential crisis and a sense of despair.

Crypto assets traders also face dual pressures from social media. On one hand, showcasing success can attract followers and business opportunities; on the other hand, this public display creates a psychological burden of "not being able to fail." When a big dump in crypto assets leads to significant losses, crypto assets traders not only have to deal with financial losses but also face the shame of public knowledge of their failures. The impact of this pressure on mental health can be devastating.

Authorities and mental health experts urge the public to recognize the emotional and mental health challenges that may arise during times of economic turmoil and not to confuse net worth with self-value. For Crypto Assets traders, it is crucial to establish healthy psychological defenses: acknowledging that losses are part of trading, not using leverage beyond one's means, seeking professional psychological support, maintaining communication with family and friends, and remembering that the value of life far exceeds any monetary figure.

This tragedy also reminds the entire Crypto Assets community that more attention needs to be paid to mental health. Industry organizations, exchanges, and educational platforms should provide mental health resources, establish support networks, and break the harmful culture that "showing vulnerability equals weakness." When a Crypto Assets crash occurs, affected Crypto Assets traders need to know they are not alone, and seeking help is not a shame but a courage.

The passing of Konstantin is a loss for the entire industry. His educational contributions as a Crypto Assets trader have helped thousands, and his honesty and professionalism are worthy of respect. May he rest in peace, and may this tragedy make more people aware of the importance of mental health. May there be no more Crypto Assets traders driven to a dead end due to financial pressure in the future.