Hyperverse has acquired a securities fraud warning from the British Columbia Securities Fee (BCSC).
As per the BCSC’s October 18th, 2024 warning;
HyperVerse claims to supply buying and selling providers for shares, choices, and ETFs.
We’re conscious that HyperVerse accepts British Columbia (BC) residents as shoppers.
HyperVerse isn’t registered to commerce in, or advise on, securities or derivatives in BC.
Hyperverse providing unregistered monetary providers to BC residents constitutes securities fraud.
Hyperverse, launched in late 2021, was the short-live successor to the HyperFund Ponzi scheme.
Following a last money seize in March 2022, Hyperverse went on to break down. Plagued with withdrawal points from day one, technically Hyperverse collapsed the second it launched.
HyperFund and Hyperverse co-founder Sam Lee was indicted in January 2024. The SEC has additionally filed HyperFund civil fraud fees.
Lee stays a wished fugitive hiding in Dubai. HyperFund co-founder Ryan Xu disappeared when HyperFund collapsed in 2021. He hasn’t been seen in public since.
For those who’re questioning why the BCSC is issuing a Hyperverse securities fraud warning two and a half years after it collapsed, you’re not alone.
As greatest I can determine the Hyperverse BCSC have cited is a restoration rip-off.
The Hyperverse in BCSC’s fraud warning operates from “hyperefunds.web”, privately registered on January 18th, 2023.
The area is a clone of Hyperverse’s unique web site hosted by itself area. The one hyperlinks that work on the “new” Hyperverse web site are Telegram and an on-site chatbot.
It’s seemingly these are monitored by scammers, hoping to fleece Hyperverse victims with guarantees of restoration.
It’s extremely unlikely Hyperverse cited in BCSC’s fraud warning has something to do with the unique 2021 Hyperverse Ponzi scheme.