Cryptocurrencies plunge, many investors are in dire straits

Jumping to his death after losing all his money after investing in cryptocurrencies

A Taiwanese man jumped to his death after losing all of his savings by investing in cryptocurrencies.

Accordingly, the incident happened at a high-class apartment building in Taichung city (Taiwan, China). The security guards while patrolling the night shift heard a loud noise in the common yard area of ​​the apartment complex. When they arrived, they found a man with serious injuries.

An ambulance was quickly called to the scene, but the man was pronounced dead by then. This man’s identity was later identified as Ngo, 29 years old and living on the 13th floor of this luxury apartment complex.

The police have stepped in to investigate Ngo’s death. Police determined Ngo had fallen from his apartment into the yard, but there was no criminal indication that Ngo was pushed, so police speculated it was a suicide. However, Ngo did not leave any suicide note.

After checking Ngo’s phone, the police discovered that Ngo had recently shared with his friends and relatives how he felt frustrated and depressed about LUNA, the cryptocurrency that Ngo was investing in. fourth, has lost 99% of its value in just a few days.

The content of a text exchange between Ngo and his close friend shows that he has invested nearly 60 million New Zealand dollars (equivalent to 47.5 billion VND) in LUNA, but now Ngo’s assets are only more than 29,000 New Taiwan Dollars (about 23 million VND) because the LUNA currency plummeted in value.

In another message sent to his friend, Ngo said he wanted to find death to free himself after losing all his savings, even the money he borrowed from friends to invest in cryptocurrencies.

Police believe Ngo jumped to his death after losing a large amount of money due to investing in cryptocurrencies and having financial problems.

The tragic situation of many crypto investors

In fact, Ngo is not the only case of death after investing all his assets in LUNA. According to the electronic newspaper SoMagat the end of last May, Ben Lucas, 54 years old living in Arizona state (USA) also ended his life after using all his life savings to invest in LUNA, hoping to earn money to buy a new house.

Before doing something foolish, Ben Lucas left a suicide note on the page Twitter individuals, explaining their actions.

“I spent all of my family’s savings on LUNA, hoping to buy a new house as a surprise gift for my wife and kids, but now it’s all gone. I don’t know what to do. How is he facing his family, his wife and children,” Lucas wrote on the page Twitter individual.

On other social networking platforms like Reddit nice Twittermany crypto investors have also shared about the tragic situation they are facing after investing in LUNA or advising their loved ones to invest in this cryptocurrency.

“I’ve lost all my life savings. I’ve mortgaged the whole house in the hope that it will be a profitable investment, but soon, I will be homeless. I am homeless. don’t dare talk about this with the rest of the family and don’t know what to do,” one user Twitter Share your situation.

“Relatives, friends and everyone I recommend to invest in LUNA, now they hate me. Lots of angry messages and calls. Even many people have reached out to me. door to door to ask about the investment I advised them to make. Now I regret it, but there’s nothing I can do for them,” one social media user said. Reddit To share.

On social media Reddit. Many netizens have also shared psychological counseling lines to help crypto investors get expert support before thinking about looking for death.

Once one of the top 10 most valuable cryptocurrencies in the market, LUNA coin peaked at $120 last month. However, since mid-May, the value of the LUNA coin has continuously dropped sharply and is now down to $0.001072.

Not only LUNA, the value of many other cryptocurrencies has also plummeted in recent times, causing many digital currency investors to lose a large amount of money, even falling into “empty hands”, losing everything. savings and the whole house.