I think it is important to point out that there may not be a correlation between the exploit and his hanging himself; some other members of his immediate family also committed suicide in years past.

Yes, the title is a linkbait. Here is the what the author says in the post:

  However, I *wonder* if the unfolding events surrounding
  the discovery of critical vulnerabilities in 
  applications developed by LXLabs might have some bearing on the tragedy?

The original new article linked inside the post just mentions the following as 'possible' reasons:

  He lived a lonely life, perhaps unable to come to terms
  with the tragic suicide of his sister and mother a couple of years ago.
 
  He was also deeply upset his company, Lx Labs, in HSR Layout, 6th Sector, 
  had recently lost a project to another company.

Related to:

http://news.ycombinator.com/item?id=648806 (LxLabs boss found hanged after vuln wipes websites) same story on the register

and

http://news.ycombinator.com/item?id=648788 (Hack wipes out data for 100,000 sites)

and

http://news.ycombinator.com/item?id=646451 (VAServ 'hacked' - all web sites and hosted VMs down)