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Mysterious death of BitMarket co-owner follows crypto exchange's collapse

Crypto Exchange.garalt/Pixabay

Mon, 29 Jul 2019, 04:53 am UTC

Tobiasz Niemiro, the co-owner of BitMarket – a Polish cryptocurrency exchange which recently went offline, was found dead last week. Reports indicate that his death was a result of head trauma and speculations regarding suicide are rife.

One of the first to report the news about Niemiro’s death was local outlet Radio Olsztyn. In the report, it was noted by the KMP’s Izabela Kołpakowska that the body was found with head trauma.

“Today after 2 pm, policemen in the forest near Lake Żbik revealed the body of a man with a wound of the head. Activities are still under the supervision of the prosecutor. The identity is initially confirmed. However, we are still working on determining the exact circumstances in which the event occurred,” she said (via online translation).

Covering the development, local news outlet Gazeta Wyborcza noted that the death could have been the result of a suicide. However, this has not been confirmed and is only a probability brought up by an acquaintance of the deceased.

As for the exchange that Niemiro had co-founded, BitMarket closed its doors this month. The reason provided to users was an issue with liquidity, which a message when trying to access the exchange had noted.

“Dear Users, We regret to inform you that due to the loss of liquidity, since 08/07/2019, was forced to cease its operations. We will inform you about further steps,” the message read.

For his part, Niemiro was adamant that this was not the result of some sort of scam. Speaking to regarding the issue, he insisted that he was a victim as a well.

“I lost everything because somebody led to the collapse of the stock exchange. Now I'm losing face and good name for which I've worked all my life. I am one of the victims,” he said.

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