Report: CEO of Collapsed Crypto Investment Scheme Hyperverse May Not Exist

A probe into the affairs of the collapsed crypto fund Hyperverse has decided that its extremely educated CEO could not exist. The investigation additionally discovered that earlier than its collapse, Hyperverse and its CEO each loved movie star help.

The CEO’s Records Do Not Exist

An investigation into the circumstances that led to the collapse of the crypto enterprise fund Hyperverse has decided that Steven Reece Lewis, the corporate’s supposed CEO, could not exist. According to the findings of the probe, neither the University of Leeds nor the University of Cambridge have any document of Lewis as a graduate of their respective establishments.

The investigation, which was carried out by The Guardian Australia, additionally revealed that Lewis’ identify can’t be discovered on both the U.Okay. corporations’ register or with the U.S. Securities and Exchange Commission. Similarly, the tech agency Adobe and the monetary providers big Goldman Sachs haven’t any document of the collapsed crypto fund’s CEO.

Businessman Sam Lee and his enterprise companion, Ryan Xu, are suspected to be the brains behind Hyperverse, however each have reportedly denied claims linking them to the collapsed agency.

Celebrity Endorsement

Besides utilizing faux {qualifications} and a non-existent CEO, promoters of Hyperverse additionally used movie star endorsements to offer the scheme a semblance of legitimacy. Some of the celebrities who’ve appeared in movies endorsing each Lewis and the crypto fund are Steve Wozniak, Chuck Norris, Jim Norton, and Lance Bass.

However, in its report, the Australian publication acknowledged that the celebrities could not have been conscious that Hyperverse was utilizing movies through which they function to advertise a pyramid scheme. According to the publication, Hyperverse lured victims by promising assured minimal returns of 0.5% per day to buyers who purchased “memberships.” The movie star help was seemingly key to the collapsed crypto fund’s plans, the publication concluded.

Meanwhile, the publication’s findings got here just some weeks after a report urged that buyers could have misplaced tens of millions of {dollars} to scammers behind Hyperverse. According to the blockchain intelligence agency Chainalysis, investor losses are estimated to be round $1.3 billion.

What are your ideas on this story? Let us know what you suppose within the feedback part beneath.