Ukrainian Crypto Fund Co-Founder Allegedly Dies After Market Collapse

According to posts circulating among crypto communities, Galish reportedly took his own life after suffering massive trading losses during last week’s violent market downturn.

Unverified accounts suggest that the firm managed around $65 million in digital assets, with a portion — roughly $10 million — allegedly linked to Ukraine’s Military Intelligence (GUR). The remaining funds were reportedly contributed by senior Kyiv officials and private investors.

Sources claim that the steep decline in cryptocurrency prices following U.S. President Donald Trump’s announcement of new 100% tariffs on China triggered heavy losses for Cryptology’s futures positions and a newly launched token project, compounding financial stress on the fund’s leadership.

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The same posts allege that Galish, under intense pressure from investors and suffering a psychological breakdown, took his own life using a firearm said to have been given to him by Ukrainian intelligence chief Kyrylo Budanov.

At this time, none of these claims have been independently confirmed, and official Ukrainian authorities have not issued a statement regarding the incident. The situation remains under investigation as the crypto community reacts to the shocking reports.

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