Since OneCoin, we know that cryptos have arrived on the MLM scene. On the one hand, MLM artists were no longer reliant on banks to take money from potential victims, and, on the other, they were able to create their own cryptocurrency, which was then valued at any price. In the illustrious hall of fame for crypto cons, HyperVerse deserves a special place. This scheme wasn’t just a scam; it was an opus of deceit, a symphony of swindles. Let’s take a walk down this hall of infamy and marvel at how HyperVerse set the gold standard for crypto MLM fraud.
The Audacious Australian Duo
Sam Lee and Ryan Xu, the Australian entrepreneurs behind this charade, deserve a round of applause for their sheer audacity. They promised returns up to 300% within 600 days through a ‘membership’ to their so-called Hyper “community.” And the grand collapse? A spectacular $1.3 billion vanishing act. If there were Oscars for scamming, these gentlemen would have swept the awards.
The Phantom CEO: Steven Reece Lewis
But what’s a grand scam without a face to sell the dream? Enter Steven Reece Lewis, the CEO who never was. Portrayed by Steve Harrison, this fictional character was a stroke of genius. He had all the credentials – Leeds, Cambridge, Goldman Sachs, Adobe…except, of course, none of them were real. The Guardian shed light on this, but by then, the damage was done.
Celebrity Endorsements: The Cherry on Top
And just when you thought it couldn’t get more brazen, they roped in celebrities. With the likes of Steve Wozniak and Chuck Norris singing praises of HyperVerse, the scam gained a veneer of legitimacy. How these endorsements came to be is anyone’s guess – Cameo, perhaps? But let’s face it, when Chuck Norris tells you to invest, you don’t ask questions, you just do it!
The HyperNation Migration: A Sequel to the Scam
As the HyperVerse ship was sinking, our scam artists were already scripting the sequel – HyperNation. Members struggling to withdraw funds from HyperVerse were herded into this new platform. The cycle of deception continues, unabated.
The Lesson Here?
Crypto MLM schemes have become a cesspool of Ponzi schemes, each more creative than the last. HyperVerse isn’t just a cautionary tale; it’s a blueprint for future scammers. It shows that with a little creativity, a fake CEO, and perhaps a celebrity or two, you can convince people to invest in just about anything.
Final Thoughts
To our dear HyperVerse investors, we feel your pain. But let’s be real – when a scheme sounds too good to be true, it probably is. HyperVerse, with its fake CEO and celebrity endorsements, was not an anomaly. It’s a stark reminder that in the wild west of crypto MLMs, the only sure winners are the scammers themselves.
So, here’s to HyperVerse – a trailblazer in the art of the scam, a legend in the annals of crypto con artistry. May its legacy be a lesson to us all.
