After Losing Bitcoin, An Indian Student Committed Suicide

Indian students lost Bitcoin. (Photo; Doc. Bitcoin)

JAKARTA - A heartbreaking incident occurred in the Indian city of occuring when a second-year student B.Com was found dead by hanging himself after losing bitcoin investment worth 03.5 lahks or the equivalent of 4,200 US dollars (Rp64 million). The victim reportedly invested his money through an online crypto investment company he found through the Telegram application.

The company promised high returns, so the victim transferred more than 4,200 US dollars in bitcoin. However, he did not accept the proceeds from his investment and the company's representatives stopped responding when the victim asked for a refund. The alleged fraud provoked the victim to take "extremal measures" and end his life.

The victim's family filed a complaint with the local police, confirming that they would investigate the tragic incident. Police officer Santosh Kumar Arya said that the initial investigation showed the investment company was "original".

However, law enforcement agencies will investigate this case adequately if the victim's family file a complaint. Arya also confirmed that the death was a result of suicide, because the victim used a cloth to hang himself.

Losing money in crypto investment is not a new occurrence, and often has a huge impact on investors. In May last year, Terra's fall resulted in several people ending its life due to depression due to heavy losses.

A Taiwanese man reportedly jumped from his apartment on the 13th floor after losing nearly $2 million in LUNA's investment, an original Terraform Labs token. Several FTX investors have also reported losing millions of dollars in a few days.

This incident shows risks related to crypto investment, where there is no guarantee of promised returns. Big losses such as those experienced by victims can trigger serious mental problems, even to the point of suicide. The public is reminded to be careful and think twice before investing in crypto, and is expected to consult with financial experts before deciding to invest.