- The body of a missing cryptocurrency millionaire, Fernando Perez Algaba, was discovered dismembered in Argentina.
- Algaba, known for his luxurious lifestyle and Instagram fame, made his fortune through cryptocurrency trading and luxury car rentals.
- Despite his apparent success, Algaba was reportedly burdened with numerous debts, leading to speculations about the motive behind his murder.
In a chilling turn of events, the dismembered body of Fernando Perez Algaba, a renowned cryptocurrency millionaire, was found in Argentina. Algaba, who lived a life of luxury and was a popular figure on Instagram, made his wealth by trading in cryptocurrency and renting out luxury cars. However, beneath this facade of success, Algaba was allegedly grappling with a mountain of debts, which has led to conjectures about the reasons behind his brutal murder.
Unraveling the Mystery of Algaba’s Death
The gruesome discovery of Algaba’s body was made by a group of children playing near a river in the town of Ingeniero Budge in Buenos Aires. The body parts were found neatly cut and packed in a red suitcase, suggesting the work of a professional. An autopsy later revealed that Algaba had been shot thrice before being dismembered. His identity was confirmed through his fingerprints and tattoos. Algaba had been reported missing since the previous Tuesday.
The Luxurious Life and Instagram Fame of Algaba
Algaba was a well-known figure on Instagram, boasting over 900,000 followers. He often flaunted his wealth, which he claimed to have amassed through his cryptocurrency trading and luxury car rental business. Algaba was living in Barcelona, Spain, but had been staying in Argentina for a week before his murder. He had rented an apartment, but failed to return the keys on the agreed date, nor did he respond to calls. Following his death, a suspect has been arrested, but the exact motive behind the alleged murder remains unclear. Authorities suspect that Algaba’s numerous debts could have led to his murder.
Algaba’s Journey from Rags to Riches
Algaba claimed to have started his journey to wealth at the age of 14, selling sandwiches from a box on a bicycle. He eventually progressed to buying vehicles for repair and resale. By the age of 24, Algaba reportedly owned a large warehouse filled with luxury cars, motorcycles, and jet skis. He later established a luxury car and jet ski rental company in Miami and moved to Barcelona earlier this year. In his final years, Algaba was involved in cryptocurrency trading in Buenos Aires, where he had an office with over 25 employees.
Conclusion
Despite his apparent success, Algaba’s life was not as glamorous as it seemed. He was reportedly burdened with unpaid tax debts and his company, Motors Lettuce SRL, began bouncing checks shortly after its establishment in January 2018. Algaba’s brother suggested that he was not a successful Bitcoin trader, but a “losing” car dealer. He also hinted that Algaba did not rise from poverty to wealth as claimed, but had inherited wealth from their father who died when Algaba was 17. Furthermore, Algaba was reportedly undergoing psychiatric treatment for anxiety disorder. The tragic death of Algaba serves as a stark reminder of the dark side of the seemingly glamorous world of cryptocurrency trading.
