A fatal fall was reported in Beacon Heights Garden in Kowloon on July 12. A 32-year-old man surnamed Chan fell from the balcony of his home and was pronounced dead at the scene. According to police findings cited in the report, he had returned to Hong Kong from the UK less than two hours earlier and told his father he had lost around HK$10 million in cryptocurrency investments before taking his own life.
Loss disclosed shortly after arriving home
The report said Chan spoke with his father soon after returning home and admitted to the large investment loss, estimated at HK$10 million, or about $1.28 million. Information attributed to a police briefing on the Hong Kong Golden Forum said he first used a fruit knife to injure his wrist. After his father took the knife away, he ran toward the balcony and tried to jump. His father attempted to stop him but failed.
Family says he had been unemployed since 2022
Family members said Chan had been unemployed since the pandemic period in 2022 and had been taking antipsychotic medication for a prolonged period. He later went to the UK to pursue a second master’s degree, where his condition reportedly fluctuated. His family had hoped he would return to Hong Kong for treatment, but the incident took place within minutes of his arrival home. Police have classified the case as suicide.
Trading method was not identified
The police report did not specify how the investment loss occurred. It did not name any tokens, exchanges, or strategies tied to the loss. The article noted that some market participants speculated the damage may have come from high-leverage trading or tokens that went to zero, but those points were not confirmed by authorities.
The case has renewed attention on the psychological toll linked to heavy trading losses. The source article also noted that investor education often centers on technical analysis and trading tactics, while emotional control and risk limits receive less focus.