9 months ago
A probe into the affairs of the collapsed crypto money Hyperverse has determined that its highly educated CEO whitethorn not exist. The probe besides recovered that earlier its collapse, Hyperverse and its CEO some enjoyed personage support.
The CEO’s Records Do Not Exist
An probe into the circumstances that led to the illness of the crypto task money Hyperverse has determined that Steven Reece Lewis, the company’s expected CEO, whitethorn not exist. According to the findings of the probe, neither the University of Leeds nor the University of Cambridge person immoderate grounds of Lewis arsenic a postgraduate of their respective institutions.
The investigation, which was carried retired by The Guardian Australia, besides revealed that Lewis’ sanction cannot beryllium recovered connected either the U.K. companies’ registry oregon with the U.S. Securities and Exchange Commission. Similarly, the tech steadfast Adobe and the fiscal services elephantine Goldman Sachs person nary grounds of the collapsed crypto fund’s CEO.
Businessman Sam Lee and his concern partner, Ryan Xu, are suspected to beryllium the brains down Hyperverse, but some person reportedly denied claims linking them to the collapsed firm.
Celebrity Endorsement
Besides utilizing fake qualifications and a non-existent CEO, promoters of Hyperverse besides utilized personage endorsements to springiness the strategy a semblance of legitimacy. Some of the celebrities who person appeared successful videos endorsing some Lewis and the crypto money are Steve Wozniak, Chuck Norris, Jim Norton, and Lance Bass.
However, successful its report, the Australian work acknowledged that the celebrities whitethorn not person been alert that Hyperverse was utilizing videos successful which they diagnostic to beforehand a pyramid scheme. According to the publication, Hyperverse lured victims by promising guaranteed minimum returns of 0.5% per time to investors who bought “memberships.” The personage enactment was seemingly cardinal to the collapsed crypto fund’s plans, the work concluded.
Meanwhile, the publication’s findings came conscionable a fewer weeks aft a report suggested that investors whitethorn person mislaid millions of dollars to scammers down Hyperverse. According to the blockchain quality steadfast Chainalysis, capitalist losses are estimated to beryllium astir $1.3 billion.
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