Chinese Crypto Trader Commits Suicide After Losing 2,000 BTC in Single Trade8

Cryptocurrency trading isn’t for the faint of heart, and unfortunately for one trader, he found this out too late. The trader took his life after he lost 2,000 bitcoins in a single trade. He had placed a bet with a 100x leverage, but the markets didn’t go his way.

The 42-year-old trader wasn’t new to crypto trading. On the contrary, he had been trading for years. He was one of the founders of BTE.TOP, a data analysis company and a crypto-related services provider. According to a report by Chinese crypto outlet 8btc, he had become renowned for making brilliant bets on the crypto market. A look at his WeChat history showed that he had been dishing out advice about where the market was headed shortly before his death.

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