Cryptocurrencies are one of the hottest topics as few popular ones have touched record highs recently. Among the host of options, the name of a crypto coin, Ether, otherwise known as Ethereum (ETH), has been making the rounds in the market. It is the second-largest cryptocurrency, right behind Bitcoin. While cryptocurrency enthusiasts praised the decentralised nature of these digital currencies, yet the imperfect methods used to secure the digital tokens have caused many a heartache.
Off late there has been a slew of stories of people who bought into cryptocurrencies early, only to lose access to the wallet where the digital money was stored. It would be unfortunate to misplace or lose access to such a crucial piece, one family is going through just that.
According to a WJLA report, a Washington DC-based family fear their USD 6 million worth in Ethereum cryptocurrency fortune could be lost forever after tragically losing everything in a house fire. However, their lost cryptocurrency assets story is very different from the others.
Yuki and Art Williams purchased 3,000 Ethereum coins during a pre-sale from the Ethereum Foundation way back in 2014. Their investment was worth around USD 932 then and now it amounts close to USD 6 million (approx. Rs 44,57,40,300) on the exchanges today.
