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News

Bitcoin Investment Leads to Tragic End for Indian Investor

April 29, 2023 - Around 3 mins mins to read

Key Points:

  • An Indian investor committed suicide by drowning in the Hooghly River.
  • He had invested in shares and bitcoin, and a downturn in his investments may have led to his death.
  • This is not the first case of cryptocurrency-related suicide in Kolkata.
Bitcoin man from Kolkata, India passed away after drowning in the Hooghly River. The autopsy conducted did not reveal any signs of violence, leading investigators to believe that it could have been a suicide.
Bitcoin Investment Leads to Tragic End for Indian Investor

The deceased individual was a 49-year-old man who lived with his wife and son in a luxurious area of Kolkata. The man had invested in shares and bitcoin, which could have been one of the reasons behind his tragic death as he might have incurred a significant loss in his investments.

The body of the man was found floating in the Hooghly River several miles away from Kolkata, after he went missing on April 16. The police have refrained from releasing the man’s name out of respect for his family’s privacy.

A close relative of the victim reported that the man didn’t seem to have any significant issues before his death. However, during the investigation, the police discovered that he had invested in stocks and bitcoin. A downturn in his investments could have been a trigger that caused him to take his own life.

While some speculate that the man’s investment in bitcoin might have played a role in his death, a local police officer has warned against jumping to conclusions. The officer stated that it is too early to say if bitcoin had anything to do with the tragedy.

The man’s family has not filed a complaint against a possible murder, and a thorough investigation will try to determine the motive behind his potential suicide. Unfortunately, this is not an isolated incident. Earlier this month, another individual from Kolkata, a 23-year-old man, attempted to jump off a river bridge after suffering losses from investing in cryptocurrencies.

Investing can be a risky endeavor, and it’s essential to seek professional advice and education before investing in any asset. Losing money in investments can be a challenging experience, but it’s important to remember that there is always hope, and people should seek help if they are struggling with their investments or their mental health.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Annie

Coincu News

#Bitcoin

Bitcoin investment

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Indian Investor

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Author

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.
News

Bitcoin Investment Leads to Tragic End for Indian Investor

Key Points:

  • An Indian investor committed suicide by drowning in the Hooghly River.
  • He had invested in shares and bitcoin, and a downturn in his investments may have led to his death.
  • This is not the first case of cryptocurrency-related suicide in Kolkata.
Bitcoin man from Kolkata, India passed away after drowning in the Hooghly River. The autopsy conducted did not reveal any signs of violence, leading investigators to believe that it could have been a suicide.
Bitcoin Investment Leads to Tragic End for Indian Investor

The deceased individual was a 49-year-old man who lived with his wife and son in a luxurious area of Kolkata. The man had invested in shares and bitcoin, which could have been one of the reasons behind his tragic death as he might have incurred a significant loss in his investments.

The body of the man was found floating in the Hooghly River several miles away from Kolkata, after he went missing on April 16. The police have refrained from releasing the man’s name out of respect for his family’s privacy.

A close relative of the victim reported that the man didn’t seem to have any significant issues before his death. However, during the investigation, the police discovered that he had invested in stocks and bitcoin. A downturn in his investments could have been a trigger that caused him to take his own life.

While some speculate that the man’s investment in bitcoin might have played a role in his death, a local police officer has warned against jumping to conclusions. The officer stated that it is too early to say if bitcoin had anything to do with the tragedy.

The man’s family has not filed a complaint against a possible murder, and a thorough investigation will try to determine the motive behind his potential suicide. Unfortunately, this is not an isolated incident. Earlier this month, another individual from Kolkata, a 23-year-old man, attempted to jump off a river bridge after suffering losses from investing in cryptocurrencies.

Investing can be a risky endeavor, and it’s essential to seek professional advice and education before investing in any asset. Losing money in investments can be a challenging experience, but it’s important to remember that there is always hope, and people should seek help if they are struggling with their investments or their mental health.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Annie

Coincu News

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