Victim of a HyperVerse scam?

HyperVerse promised big returns but left thousands out of pocket. If you’ve lost money to this Ponzi scam, we can help you recover what’s yours.

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Understanding the hyperverse scam

What is the HyperVerse scheme?

The HyperVerse crypto scheme was a Ponzi scam that thrived in developing nations, where promises of high returns and financial independence were especially appealing. It left its victims financially ruined, unable to withdraw their funds, and struggling with emotional distress.

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    What was HyperVerse promising?

    HyperVerse promised investors daily returns through its token, HVT (HyperVerse Token), and claimed you could earn passive income by holding and trading it. The platform also encouraged users to recruit others, offering additional rewards for bringing in new investors.

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    A pyramid scheme in disguise

    HyperVerse claimed users could earn up to 1% interest per day, but behind this was no real business model. Early investors were paid from the money of new recruits. Without a legitimate revenue stream, the scheme’s collapse was inevitable once new investments slowed.

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    Regulatory warnings

    Since its launch in 2020, HyperVerse has been flagged by watchdog groups across the world, all warning investors not to use the platform. The Financial Markets Authority in New Zealand even issued a public warning, stating the platform wasn’t legitimate.

How did the HyperVerse scam present itself?

Why was it different?

HyperVerse marketed itself as a decentralised blockchain platform that allowed users to socialise and trade with one another. It stood out from other platforms by combining gaming, social interaction, and its own token: HVT. The scheme also used fake celebrity endorsements, such as Chuck Norris and Steve Wozniak to further its credibility.

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Was HyperVerse a fake platform?

Although the platform looked the part with polished features and an immersive metaverse experience, it was all a smokescreen. There was no real investment opportunity—just a system where new money funded payments to older investors. Had it been legitimate, it likely would have been highly successful in the crypto industry.

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Who founded HyperVerse?

Australian entrepreneur Sam Lee and his business partner Ryan Xu founded HyperVerse. It’s one of many investment schemes set up by the duo, particularly under the HyperFund umbrella. They also co-founded Blockchain Global—an Australian Bitcoin company that collapsed into administration in 2021 and is still noted to owe its creditors roughly $58 million.

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Avi Chinn, Head of First Response

What’s left of HyperVerse?

Before collapsing, HyperVerse is thought to have taken over $1.8 billion from investors. As complaints mounted, the platform quietly shut down. Key figures vanished overseas to avoid prosecution, many using fake names. Some are now rumoured to be involved with a new project called "VEND,".

What happened to the victims?

The collapse of HyperVerse hit vulnerable communities the hardest, particularly in developing countries. In places like Nepal, friends and neighbours encouraged others to invest. Many victims sold land, drained savings, or took out loans—only to lose everything when the scheme eventually fell apart.

Can you recover your money?

You may still be able to recover you funds with WRS. If you suspect you’ve been scammed by this crypto scam or any other type of internet and online scam, get in touch with us as soon as possible. Our legal experts will investigate, assess whether your bank did enough to protect your assets, and build a case to recover what’s yours.

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Why WRS

Supporting you is our priority. That’s why we provide personalised plans and care around the clock to our clients.

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Join satisfied clients who’ve recovered their lost funds with WRS.

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Falling victim to fraud can be overwhelming and distressing. You deserve expert guidance and support every step of the way. That’s what we’re here for.  

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Frequently asked questions

  • How long did the HyperVerse scam last?

    The HyperVerse scheme began in 2020 until its collapse in early 2022.

  • How far did the HyperVerse scam spread?

    HyperVerse reached a global scale, targeting investors across North America, Europe, Asia, and Africa. Built on the Bitcoin network and marketed online through social media and webinars, anyone with internet access and cryptocurrency exposure was a potential victim. The scheme particularly devastated developing nations, where promises of financial independence carried even more weight. 

  • Was there another name for the HyperVerse scam?

    Yes—before it rebranded as HyperVerse, the scam was originally called HyperFund. HyperFund launched around mid-2020 and made very similar promises. When regulatory warnings and complaints started piling up, the organisers rebranded the scheme as HyperVerse to distance themselves from growing bad publicity. 

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