A BITCOIN trader who was left penniless after robbers raided his home and stole £280,000 in profit has been found dead in an apparent suicide.

Blogger Pavel Nyashin, 23, had reportedly posted videos on the internet showing piles of cash on the internet he had made - while revealing his address.

4 Bitcoin millionaire Pavel Nyashin had paraded his cash on the internet, tempting cruel villains to come and rob him Credit: Central European News

The robbery took place at his flat just outside St Petersburg in January.

His heartbroken mum said a large amount of the stolen cash belonged to potential Bitcoin investors and he was unable to pay them back.

The cottage where he was staying was raided by a gang dressed in Santa Claus costumes, who stole 20 million RUB (£233,600) and $70,000 (£51,551) in cash.

They also bagged a number of iPhone X handsets as well as beating him up.

4 Shortly after his ordeal he blogged about his attack Credit: Central European News

4 The robbers had beaten him up as they stole his cash and belongings Credit: Central European News

4 The young entrepreneur was left owing money after the robbery Credit: Central European News

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Pavel, who blogged about cryptocurrency, as well as providing a consultancy service for potential investors, became depressed after the robbery in January.

Police say there was no sign of anyone else being involved in his death.

It is not known if the gang who robbed him has ever been caught.

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