Telangana man dies by suicide, after losing money in Cryptocurrency

Bitcoin News

A man in Telangana’s suryapet reportedly died by suicide after losing money in cryptocurrency. A man named Ramalingaswamy who was 36 years old was found dead at a lodge in suspect. 

Police recovered his body from the lodge on Wednesday after the owner of the lodge filed a complaint against the man who was not responding to door knocks.

Police moved the body for examination. A police official said the man might have turned to make the outrageous stride on Tuesday, November 23. Police likewise recuperated a note left behind by the person for his wife.

As indicated by relatives, the man alongside two companions had been putting money into web-based exchanging on a cryptocurrency application. They at first contributed Rs 10 lakh and after getting some great returns expanded the speculations however experienced immense loss. He had supposedly lost Rs 70 lakh ($94,000), which he had raised through loans.

Also Read: No Ban on Crypto, Government Regulating to Check Role in Terror Funding: Sources

The individuals who had loaned him cash had begun pressuring him to repay the loan. They had taken his car and made him sign a few checks. Stunned over losing the cash and unfit to bear the supposed badgering by the money lenders, Ramalingaswamy went to Suryapet town on November 22 and was remaining in a lodge.

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