Tragedy in the Crypto Space: The Death of Konstantin Galish Amid Market Crash
On October 11, 2025, shocking reports began circulating that Konstantin Galish — a Ukrainian crypto investor, influencer, and co‑founder of the venture — had been found dead in his Lamborghini in Kyiv. Local authorities are investigating, and initial indications suggest a self‑inflicted gunshot wound.
Galish’s body was discovered in a Lamborghini Urus in the Obolon (Obolonskyi) district of Kyiv.
A gunshot wound to the head was reported, and a firearm registered to him was found nearby.
Authorities have opened a criminal case under Article 115, Part 1 of Ukraine’s Criminal Code (often invoked in investigations of death) while treating the case as a possible suicide.
In communications to family and close contacts prior to the event, Galish reportedly expressed emotional distress, financial strain, and sent farewell messages.
On his Telegram channel, a message read: “Konstantin Kudo tragically passed away. The cause is being determined. We will update you on any further news.”
Given the confluence of these factors, many media outlets and observers have linked his death to the broader stress associated with a sudden market crash in crypto. But it is important to emphasize: as of now there is no definitive public ruling that his death was intentionally self‑inflicted.
The Market Meltdown That Preceded It
Galish’s passing came at a time of sharp turbulence in the crypto markets. Over a 24‑hour stretch, more than US$19 billion in leveraged crypto contracts were liquidated amid panic selling.
One trigger cited in media reports was a U.S. political move: the announcement of 100% tariffs on Chinese imports, coupled with stricter export controls for critical software, which spooked global markets and incited heavy selloffs across various asset classes.
In relation to Galish specifically, some outlets allege that his funds and positions suffered catastrophic losses in the crash — in one report, losses of up to US$30 million are mentioned.
Other speculative claims suggest that Galish’s venture managed approximately US$65 million in assets, with possibly US$10 million tied to Ukraine’s military intelligence (GUR). But these figures are unverified.
