SIT to probe ‘crypto angle’ in 20-year-old B.Tech student’s alleged suicide 

Mad­hya Pradesh Home Min­is­ter Narot­tam Mishra has said that the Spe­cial Inves­tiga­tive Team (SIT) inves­ti­gat­ing the demise of B. Tech stu­dent Nis­hank Rathore will check if there is any cryp­to trad­ing angle to the youth’s death.

Mishra told India Today that Rathore used to active­ly invest in cryp­tocur­ren­cies and his fam­i­ly was also ful­ly aware of this fact. 

Rathore’s lap­top has been seized by the police and is under­go­ing foren­sic inves­ti­ga­tion. Rathore’s Insta­gram han­dle has sto­ries that show cryp­to trad­ing dash­board with details of invest­ments and trends in cryp­to market. 

The SIT con­sti­tut­ing nine mem­bers would also inves­ti­gate if Rathore pos­si­bly com­mit­ted sui­cide due to lone­li­ness fol­low­ing his mother’s death.

Rathore, a 20-year-old engi­neer­ing stu­dent from Mad­hya Pradesh, was found dead on a rail­way track in Raisen dis­trict on Mon­day, 25 July. Mishra announced on Tues­day that an SIT would be con­sti­tut­ed to inves­ti­gate the matter.

The cryp­to mar­kets are cur­rent­ly going through a slump. The glob­al mar­ket cap is down at around $ 950 bil­lion from $ 3 tril­lion, in just a mat­ter of 8 months. Even the largest cryp­tocur­ren­cy by mar­ket cap, Bit­coin is trad­ing at $ 20,000 lev­els, over 70 per cent down from its all-time high of $ 69,000 in Novem­ber 2021.