A Kuwaiti man, identified as Abu Ahmed, said he invested millions into cryptocurrency Luna and has now suffered huge losses of $.25 million due to the falling crypto market.
Ahmed said he now has only $275 in his account.
A large number of people in Kuwait took money from banks on loan and invested in cryptocurrency Luna with the hope of making more money in a short period of time.
Kuwaiti investors have suffered heavy losses due to collapse of cryptocurrencies, Gulf reported.
A Kuwait man, who wished anonymously, said that he loaned KD 50,000 and invested into the cryptocurrency market in the hope of making a fortune.
However, he claimed he lost three-quarters of the money just within a few days.
Abu Ahmed said he decided to commit suicide by jumping from the Sheikh Jaber Causeway, after he lost millions of money.
