Konstantin Ganich, a Ukrainian crypto blogger and trader known online as Kostya Kudo, was found dead in a Lamborghini today amid a severe cryptocurrency market downturn.

The incident occurred as digital assets experienced extreme volatility, intensifying ongoing discussions about mental health challenges facing crypto traders and influencers.

Ukraine has seen growing cryptocurrency adoption as residents seek economic resilience amid national financial pressures. Ganich had been promoting trading strategies during this period of market instability.

Recent crypto market fluctuations have created widespread distress across the trading community, particularly affecting high-profile investors and social media influencers who built followings around digital asset investments.

Ganich’s passing was confirmed in statements shared on his official Telegram channel and on Cryptology Key’s Telegram. An investigation into the circumstances is currently underway.

[October 11, 11 a.m. ET]: This article has been updated to include statements posted on Ganich’s official Telegram and Cryptology Key’s Telegram channel.