Bitcoin Causes Another Suicide

Bitcoin Causes Another Suicide

The investor engaged in leveraged transactions committed suicide when he lost his BTCs.

Hui Yi, founder and CEO of BTE.TOP, which provides services in the crypto currency sector, leveraged the Bitcoins entrusted to him. Processed approximately 2000 BTCs 100 times leveraged by customers.

If a crypto currency that is 100 times leveraged in the leveraged exchange markets moves in the opposite direction by 1 percent from the value received, all the investor's money is reset. Yi, who opened a 100-fold short position, lost all his money as a result of a 1 percent increase after the Bitcoin price.

 

Hui Yi, a name recognized by the crypto currency community, was a victim of his ambition and gambled with the $ 14.5 million BTC invested in his company. Hui Yi, who allegedly committed suicide after losing all the money, was killed because he could not afford to suffer so much and suffered great embarrassment.

However, a number of people say that Hui Yi did not commit suicide and pretended to be dead in order not to reveal the loss of about 2000 BTC.

Especially in leveraged transactions, the painful stories of people who suffer for an instant ambition are reflected in the press every day. While you can make a lot of profit while making leveraged transactions, there is the possibility of losing all your money.