Been affected by a HyperVerse scam?

HyperVerse promised substantial profits but ended up leaving thousands financially harmed. If you lost funds in this Ponzi scheme, we’re here to assist you in reclaiming what belongs to you.

Start your claim

What exactly is the HyperVerse scheme?

The HyperVerse cryptocurrency scheme was a Ponzi scam that gained traction in developing countries, capitalizing on the allure of high returns and financial freedom. It devastated victims financially, preventing them from accessing their money and causing significant emotional hardship.

What promises did HyperVerse make?

HyperVerse assured investors of daily profits through its token, HVT (HyperVerse Token), stating that passive income could be generated by holding and trading it. The platform also incentivized users to recruit others, providing extra bonuses for attracting new participants.

A disguised pyramid scam

HyperVerse promised users returns of up to 1% daily, but it lacked a genuine business foundation. Payments to early investors were funded by the contributions of new members. Without a sustainable source of income, the scheme was doomed to fail once the influx of new investments decreased.

Warnings from regulatory authorities

Since its debut in 2020, HyperVerse has been identified by regulatory bodies worldwide, all advising investors to steer clear of the platform. The Financial Markets Authority in New Zealand went as far as issuing a public alert, declaring the platform illegitimate.

How did HyperVerse market itself as a scam?

What made it unique?

HyperVerse promoted itself as a decentralized blockchain platform where users could socialize and trade with each other. It distinguished itself by blending gaming, social networking, and its own cryptocurrency token: HVT. To boost its legitimacy, the scheme also employed fake celebrity endorsements, falsely claiming support from figures like Chuck Norris and Steve Wozniak.

Did HyperVerse operate as a fake platform?

Despite its polished appearance and immersive metaverse features, the platform was merely a facade. There was no genuine investment opportunity—only a structure where funds from new participants were used to pay earlier investors. If it had been legitimate, it probably would have thrived in the competitive crypto market.

Who was the founder of HyperVerse?

HyperVerse was founded by Australian entrepreneur Sam Lee along with his business partner Ryan Xu. The pair have launched several investment schemes, mainly under the HyperFund brand. They also co-established Blockchain Global, an Australian Bitcoin firm that went into administration in 2021 and reportedly still owes creditors around $58 million.

What became of those who were victimized?

The downfall of HyperVerse impacted vulnerable communities most severely, especially in developing nations. In countries such as Nepal, social circles like friends and neighbors urged one another to invest. Many victims sold property, exhausted their savings, or borrowed money—only to lose it all when the scheme finally collapsed.

FAQs

  • How widespread was the HyperVerse scam?

    HyperVerse expanded globally, targeting investors in North America, Europe, Asia, and Africa. Operating on the Bitcoin network and promoted via social media and webinars, it put anyone with internet access and cryptocurrency involvement at risk. The scheme hit developing countries especially hard, where the promise of financial freedom was especially compelling.

  • Was the HyperVerse scam known by a different name?

    Yes—before becoming HyperVerse, the scheme was initially known as HyperFund. Launched around mid-2020, HyperFund made comparable promises. As regulatory warnings and complaints increased, the organizers rebranded the operation as HyperVerse to try and escape the negative attention.

Start your claim