A person who was a gallery owner in Istanbul committed suicide after losing 5 million liras from his crypto money investment. The person who killed himself with a gun took a large amount of debt from his environment to invest in cryptocurrencies.
Cryptocurrency suicide in Istanbul
Aydın Polat killed himself in his shop in İSTOÇ Auto Galericiler Sitesi. After the incident, which took place in the morning of the weekend, the police teams launched an investigation. During the investigation, it was revealed that Aydın Polat took a significant amount of debt from the shop owners. It was determined that Polat took this debt to invest in cryptocurrencies. When the market fell, Aydın Polat found himself in a stalemate as he could not repay his debt. Polat, who is known to have lost approximately 5 million liras in cash, was depressed. The police took Aydın Polat’s body to the Forensic Medicine Institute after examining it.
The market lost 66%
The crypto market has lost $2 trillion after peaking at $3 trillion in November 2021. A number of crypto-focused companies have been plunged into bankruptcy due to intense selling pressure. Compared to past bear markets, the last drop was different from the others. A new macroeconomic paradigm has emerged, driven by war and pandemic. High inflation is back after a 30-year hiatus. However, the monetary policy of central banks has hardened. Interest rates hit the highest levels in the last 50 years. As a result, the market’s total value fell below $1 trillion.
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