This guy's death is a mystery and has made a lot of conspiracy about his death in India. Because prior to his death a month before, he has emptied his wallets and made several accounts to make it look normal. That's why with the rumors said when he went to India, it's likely that he has changed his identity and reported that he's death. Well, that's one of the interesting stories I've read for these lost bitcoins.
This is a curious case, then, which could be a scam.
That's true, can really be a scam that the world will never find out.
I also did some research and there are others saying that his exchange is a scam that's why he went to India. And after that, we don't know what happened to him as it was reported that the had died. Even the wife doesn't have any clue as to what happened to him or where in the access to the exchange.
Yes, it can be a planned death with the conspiracies that were also said before. We can only tell a guess but we'll never find out the real thing, maybe he's really dead or maybe it's a good play that he did and disappeared forever.
This story always sounds like a fiction. How can an exchange that holds millions of dollars have only one person with access to the keys? That should raise a suspicion automatically. Several thousands of people were affected. It should be mandatory for companies especially exchanges to have multiple people that can access the wallet and authorise transactions. Whether the conspiracy about his death is fake or not, the lesson is still the same. The system was already built on failure and it is only a matter of time to manifest.
Running an exchange before wasn't so tightened and strict. The government doesn't care about it all along as long as it's functional, people just go and register their accounts. But, not just the government and exchanges learned from this mystery but also the users.