Konstantin Ganich’s body was found in his car, with police reportedly suspecting suicide
Konstantin Ganich, also known as Kostya Kudo, a prominent Ukrainian crypto-trader and blogger, has been found with a gunshot wound to the head in what the Kiev authorities are reportedly treating as a suspected suicide.
On Friday, crypto markets worldwide suffered one of the largest wipeouts in 2025, following US President Donald Trump’s announcement of new 100% tariffs on Chinese imports.
Early on Saturday, Kiev police discovered a dead body in a car, with a firearm registered in Ganich’s name lying nearby, several Ukrainian media outlets reported. While the authorities revealed that the deceased was an “entrepreneur and blogger, whose activities were connected with cryptocurrencies,” they stopped short of identifying the person publicly.
Officials suspected he was a suicide victim and had “told his relatives about his depressed mood due to financial difficulties shortly before his death, and sent them a farewell message,” as quoted by Unian.
Later on Saturday, a post appeared in Ganich’s Telegram channel, confirming that the 32-year-old “had tragically perished.”
According to Unian, citing anonymous sources, amid the latest crypto-market crash, Ganich lost up to $30 million of investments he was managing, plus his own personal assets. The media outlet also reported that among his clients were allegedly unnamed Ukrainian officials and “influential people,” also that Ganich was involved with Ukraine’s Main Directorate of Intelligence.
However, Unian quoted other anonymous sources as questioning whether it was suicide. Some claimed that Ganich had recently been blackmailed by law enforcement officials.
On Friday, Trump announced that the US would impose 100% tariffs on Chinese goods beginning November 1, 2025, in addition to the existing duties. He cited Beijing’s “extraordinarily aggressive” new export controls of certain strategic minerals that have dual-use in military applications. It triggered a crypto-market crash that saw an estimated $19.33 billion in positions wiped out, according to some analysts.
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