Indian Investor Killed Himself After Losing Money on Bitcoin (Report)

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A 49-year-old man from Kolkata, India, reportedly drowned in the Hooghly River. The primary autopsy found no evidence of violence, suggesting he committed suicide.

The man is said to have invested in stocks and bitcoins, hinting that a potential loss on his investment could be one of the reasons for his unnatural death.

Another Indian jumping off a bridge

Recent coverage informed that Indian police found the body floating in the Hooghly River, several kilometers north of Kolkata. The individual, whose name has not been released, disappeared on April 16.

A close relative of the man told law enforcement that the victim did not appear to have any major issues. He lived with his wife and son in a flat on Roy Bahadur Road, one of the best neighborhoods in Kolkata.

Further investigation, however, found that he may have invested funds in stocks and bitcoins, while a drop in those investments could have caused him to end his life.

A local police officer believes it is too early to conclude that dealing with BTC may have played a role in the tragedy.

He was in service, but we don’t know anything about his investments, let alone investments in Bitcoin. We also don’t know why he went near the river. We ask everyone not to jump to conclusions, added the policeman.

The families of the victims did not file a complaint against a possible murder. A thorough investigation will attempt to determine the motive for the potential suicide.

Kolkata Police had to deal with another similar case earlier this month when a 23-year-old man tried to jump off a river bridge. The individual explained that he wanted to commit suicide because he had suffered heavy losses investing in cryptocurrencies.

Suicide in Lucknow

Investing in digital currencies hides its risks and people should only allocate what they are willing to lose. As CryptoPotatol reported in March, a second-year B.Com student from the Indian city of Lucknow failed to follow that advice and hung himself after parting with a $4,200 BTC investment. .

The boy was caught in a crypto scam that promised high returns. Nevertheless, he received no returns, while the representatives of the plans he was in contact with stopped communicating with him. The victim felt depressed and committed suicide shortly after realizing the fraud.

The body was sent for an autopsy. His report confirmed the death by suicide According to the preliminary investigation, the boy hanged himself after losing money, police said.

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