A missing cryptocurrency millionaire and Instagram influencer based in Argentina has turned up dead, with police suspecting murder after he was found dismembered in a suitcase.
According to several local media reports, Fernando Pérez Algaba, a crypto trader and influencer, was suspected as missing on July 18 when he failed to return the keys to a rented apartment and answer his phone.
His remains were found less than a week later on July 23 by a group of children in the town of Ingeniero Budge, a province of the Argentinian capital.
![](https://s3.cointelegraph.com/uploads/2023-07/811163e0-4678-4de6-9ddc-e4fe8ebb2954.png)
The suitcase contained amputated legs and forearms, authorities discovered a torso on July 24 after draining the stream where the suitcase was found. A head was found in a backpack a day later on July 25.
Analysis of fingerprints and tattoos identified the body as the missing millionaire and an autopsy suggested he was shot three times before he was dismembered.
![](https://s3.cointelegraph.com/uploads/2023-07/9ccb6f33-2209-482e-977f-8c9472a30cf8.png)
Investigators have reportedly suggested it may be the work of a professional outfit and believe the motive behind Algaba’s murder was possibly debt-related. One suspect has already been arrested in possible connection to the case.
Algaba is said to have been a crypto trader in Buenos Aires where he operated an office that employed 25 other traders.
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He had also amassed a sizeable Instagram following in his time, with over 917,000 followers. Most of the content revolves around luxury cars and his beloved dog.
It was reported that Algaba had a $3,300 (900,000 Argentine pesos) debt in bounced checks, $4,400 (1.2 million Argentine pesos) owed to banks, and another debt of $70,000 again related to a bounced check.
In late 2022 a spate of mysterious and sudden deaths of crypto billionaires caused wild theories in the community.
Between October and December 2022, MakerDAO co-founder Nikolai Mushegian, crypto broker Javier Biosca, Amber Group co-founder Tiantian Kullander Russian crypto billionaire Vyacheslav Taran and major Bithumb shareholder Park Mo all suffered seemingly untimely deaths.
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