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Family loses life savings when hackers empty crypto wallet
An Adelaide family has been left devastated after they lost $93,000 they were planning to put towards their children’s education and their mortgage in a shocking scam. Rajendra Yadav, 45, works in the IT industry to support his wife and two kids and decided to invest some of his hard-earned money into cryptocurrency. In March 2018, he put $14,000 worth of bitcoin into a “cold” wallet, a secure offline way to store savings that doesn’t connect to any online network and so cannot be hacked.