[UPDATE: Tech in Asia has updated the article to emphasize that suicide is only suggested and not certain]
The last few weeks have been dismally littered with two things. The virtual losses of virtual wealth from virtual currency speculation and the very real losses of very real humans with very real senior financial services positions. Sadly, as NewsWatch reports, tonight sees the two trends converge as the 28-year-old CEO of Singapore-based Bitcoin exchange First Meta has been found dead. The exact reason that may have led to the suicide is not known, and whether the Police have concluded that the cause of death is suicide is also unofficial.
According to Tech in Asia, Singapore-based Bitcoin exchange platform First Meta’s 28 year old CEO Autumn Radtke committed suicide.
Reasons are currently unknown.
First Meta is a Singaporean start up company that runs a exchange platform for virtual currencies such as Bitcoin. The news of suicide of its CEO Autumn Radtke spread on Facebook and Twitter, drawing attention from the BItcoin industry.
The exact reason that may have led to the suicide is not known, and whether the Police have concluded that the cause of death is suicide is also unofficial. First Meta has stated that an official announcement will be given by the company soon.
Before joining First Meta, Radtke was the Director of Business Development at Xfire – a company that develops IM systems for gamers. Radtke was also the Co-founder, Business Development at Geodelic Systems, Inc.
There have been 9 senior financial services deaths in recent weeks:
1 – William Broeksmit, 58-year-old former senior executive at Deutsche Bank AG, was found dead in his home after an apparent suicide in South Kensington in central London, on January 26th.
2- Karl Slym, 51 year old Tata Motors managing director Karl Slym, was found dead on the fourth floor of the Shangri-La hotel in Bangkok on January 27th.
3 – Gabriel Magee, a 39-year-old JP Morgan employee, died after falling from the roof of the JP Morgan European headquarters in London on January 27th.
4 – Mike Dueker, 50-year-old chief economist of a US investment bank was found dead close to the Tacoma Narrows Bridge in Washington State.
5 – Richard Talley, the 57 year old founder of American Title Services in Centennial, Colorado, was found dead earlier this month after apparently shooting himself with a nail gun.
6 -Tim Dickenson, a U.K.-based communications director at Swiss Re AG, also died last month, however the circumstances surrounding his death are still unknown.
7 – Ryan Henry Crane, a 37 year old executive at JP Morgan died in an alleged suicide just a few weeks ago. No details have been released about his death aside from this small obituary announcement at the Stamford Daily Voice.
8 - Li Junjie, 33-year-old banker in Hong Kong jumped from the JP Morgan HQ in Hong Kong this week.
9 - James Stuart Jr., a "very successful banker" and Former National Bank of Commerce CEO found dead (with no details of what caused the death) in Scottsdale, Az.
and numerous Bitcoin-related losses - from today's Flexcoin "bank" losses to the infamous Mt.Gox debacle:
As Wired notes,
... But beneath it all, some say, Mt. Gox was a disaster in waiting. Last year, a Tokyo-based software developer sat down in Gox’s first-floor meeting room to talk about working for the company. “I thought it was going to be really awesome,” says the developer, who also spoke on condition of anonymity. Soon, however, there were some serious red flags. ...
According to a leaked Mt. Gox document that hit the web last week, hackers had been skimming money from the company for years. The company now says that it’s out a total of 850,000 bitcoins, more than $460 million at Friday’s bitcoin exchange rates. When bitcoin enthusiast Jesse Powell heard this, he was reminded of June 2011.