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Indian Investor Committed Suicide After Losing Money on Bitcoin (Report)
A 49-year-old resident of Kolkata, India, reportedly drowned in the Hooghly River. The primary autopsy revealed no evidence of violence, suggesting he committed suicide. The man allegedly invested in stocks and Bitcoin and suggested that a possible loss of his investment could be a reason for his unnatural death. Another Indian jumping from a bridge A recent report informs that Indian police found the body floating in the Hooghly river several miles north of Kolkata. The person, whose name was not released, disappeared on April 16. A close relative of the man...
Indian Investor Committed Suicide After Losing Money on Bitcoin (Report)
A 49-year-old resident of Kolkata, India, reportedly drowned in the Hooghly River. The primary autopsy revealed no evidence of violence, suggesting he committed suicide.
The man allegedly invested in stocks and Bitcoin and suggested that a possible loss of his investment could be a reason for his unnatural death.
Another Indian jumping off a bridge
A current reportinformedthat Indian police found the body floating in the Hooghly River several miles north of Calcutta. The person, whose name was not released, disappeared on April 16.
A close relative of the man told law enforcement that the victim did not appear to have any major problems. He lived with his wife and son in an apartment on Roy Bahadur Road - one of the best areas of Kolkata.
However, further investigation revealed that he may have invested some funds in stocks and Bitcoin, while a decline in these investments may have caused him to end his life.
A local police official believes it is too early to conclude that BTC handling may have played a role in the tragedy.
"He was on duty 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 request everyone not to jump to conclusions," the police officer added.
The victim's family has not filed a complaint about possible murder. A thorough investigation will attempt to determine the motive behind the possible suicide.
The Kolkata Police had to deal with another similar case involving a 23-year-old man earlier this monthtriedjump from a river bridge. The person explained that he wanted to commit suicide because he suffered heavy losses from investing in cryptocurrencies.
The suicide in Lucknow
Investing in digital currencies has its risks, and people should only invest as much as they are willing to lose. AsCryptoPotato reportedIn March, a second-year B.Com student from the Indian city of Lucknow failed to follow these instructions and hanged himself after parting with a $4,200 BTC investment.
The boy was caught up in a crypto scam that promised high returns. Despite this, he received no proceeds, while the representatives of the system with whom he was in contact stopped communicating with him. The victim felt depressed and took her own life shortly after the fraud came to light.
"The body was sent for postmortem. His report confirmed death by suicide... According to the preliminary investigation, the boy hanged himself after losing money," police said.
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