A Ukrainian crypto mogul has been found dead inside his Lamborghini amid one of the biggest digital currency market crashes in history.
Konstantin Galich, who was better known as Kostya Kudo, 32, was discovered on Saturday in the Obolonskyi district of Kyiv with a gunshot wound to the head.
The Kyiv Police Department said a firearm registered under Galich’s name was also found at the scene.
Though foul play has not been ruled out, police said Galich ‘told relatives that he was feeling depressed due to financial difficulties and also sent them a farewell message’ on Friday.
Galich’s death was also confirmed via his Telegram channel via a post which read: ‘Konstantin Kudo tragically passed away. The causes are being investigated. We will keep you posted on any further news.’
The entrepreneur was a well-known figure in the international crypto industry, and his death has sent shockwaves across the community.
Galich co-founded the Cryptology Key trading academy, and he has a following of more than 66,000 people on Instagram where he shared insights about the industry.
The crypto crash was triggered by Donald Trump’s threats to impose 100 percent tariffs on China within weeks.
Ukrainian crypto mogul Konstantin Galich (pictured) has been found dead inside his Lamborghini amid one of the biggest digital currency market crashes in history
Konstantin Galich, who was better known as Kostya Kudo, 32, was discovered on Saturday in his Lamborghini (pictured) in the Obolonskyi district of Kyiv with a gunshot wound to the head
In a span of 24 hours after Trump’s announcement, around $400 billion was wiped off the value of the crypto market.
Vice President JD Vance said Trump was committed to protecting America’s economic livelihoods while making the U.S. more self-sufficient.
He said the fact that China has ‘so much control over critical supply in the United States of America’ is the definition of a national emergency and therefore justifies Trump’s move to impose tough tariffs.
‘It’s going to be delicate dance and a lot of it is going to depend on how the Chinese respond,’ Vance said on Fox News Channel’s ‘Sunday Morning Futures.’
‘If they respond in a highly aggressive manner, I guarantee you the president of the United States has far more cards than the People’s Republic of China.’
‘If, however, they’re willing to be reasonable, then Donald Trump is always willing to be a reasonable negotiator.
‘We’re going to find out a lot in the weeks to come about whether China wants to start a trade war with us or whether they actually want to be reasonable,’ he added.
Though foul play has not been ruled out, police said Galich ‘told relatives that he was feeling depressed due to financial difficulties and also sent them a farewell message’ on Friday
‘I hope they choose the path of reason. The president of the United States is going to defend America regardless.’
Trump has raised taxes on imports from many US trading partners since taking office in January, seeking to win concessions.
China has been one of the few countries that hasn’t backed down, relying on its economic clout.
‘China’s stance is consistent,’ the country’s Commerce Ministry said in a statement posted online. ‘We do not want a tariff war but we are not afraid of one.’
