A Chinese Bitcoin investor has supposedly committed suicide after he lost investor’s cash in a highly leveraged profession setting. According to 8btc, Hui Yi lost 2,000 Bitcoins after he went into a brief placement which was liquidated after it entered the contrary instructions. The investor, that was the co-founder and also Chief Executive Officer of cryptocurrency market analysis platform BTE.TOP, passed away on June 5.
At current prices, Yi shed nearly $16 million in one position. Yi had leveraged his position by 100 times and therefore, amplifying his losses.
Yi’s death was revealed by an ex-partner as speculation was increased that the 2,000 Bitcoins had been embezzled from clients. Conjecture has actually likewise been swarming that Yi can have fabricated his death to avoid paying back his customers.