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The Guardian - AU
The Guardian - AU
Technology
Sarah Martin

‘I lost my house, I lost all my money’: the retiree taking on the banks over crypto fund loss

Catherina De Solieux sitting on a wrought iron garden chair
Catherina De Solieux lost $70,000 when Hyperverse collapsed, leaving her financially destitute and reliant on the pension, friends and food packages. Photograph: Steve Womersley/The Guardian

Catherina De Solieux was looking forward to a comfortable retirement. She had finished working as a nurse, was paying off her mortgage on a property in regional Victoria and had savings in the bank.

Friends she met through a network marketing group had introduced her to an investment opportunity called HyperFund and she planned to use the returns as a source of retirement income. After initially putting in small amounts, she tipped in $80,000.

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