Indian Bitcoin Trader Commits Suicide Over Losses Trading Crypto for Local Officials9.8

A Bitcoin trader from India has taken his own life after being threatened by senior police in relation to losses he incurred whilst trading crypto assets on their behalf. Bharat Patel hanged himself on Sunday, leaving a suicide note for his widow.

In the note, Patel details how Chirag Savani, the Narmada police force’s Deputy Superintendent, along with his brother Harnish Savani had threatened him over fiat losses incurred from Bitcoin and other cryptocurrency’s price volatility. Although the two had only bought five Bitcoins for Patel to trade with, they were demand 11.575 BTC back from him.

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