A recent investigation into the collapsed crypto fund HyperVerse has unearthed discrepancies surrounding the identity of its purported CEO, Steven Reece Lewis. Despite being showcased with an impressive background during the fund's launch, inquiries into Lewis's credentials have hit a wall, raising doubts about his existence and qualifications.
The individual presented as HyperVerse's CEO, Steven Reece Lewis, featured in a screenshot from the scheme's launch video. (Source: Hyperverse (formerly Hyperfund) Global Launch Event Presentation HD, Hyperians, YouTube)
The introduction of Steven Reece Lewis as HyperVerse's CEO, highlighted in promotional material alongside celebrity endorsements, has drawn attention due to inconsistencies in his purported background. The collapse of HyperVerse, previously linked to figures from the Australian crypto scene, has left numerous investors at a loss, raising concerns about the legitimacy of the scheme.
Lewis's credentials, including claims of education from prestigious institutions and a high-flying career, have been called into question. Investigations reveal no trace of Lewis in databases of the mentioned universities or in the records of relevant companies like Goldman Sachs and Adobe, casting doubts on the authenticity of his profile.
The professional journey of Steven Reece Lewis, as outlined by HyperVerse. (Source: Hyperverse (formerly Hyperfund) Global Launch Event Presentation HD, Hyperians, YouTube)
During HyperVerse's launch, the presence of celebrity endorsements, including Steve Wozniak and Chuck Norris, added gloss to the fund's promotion. However, subsequent inquiries raise suspicions regarding the authenticity of these endorsements, hinting at potential celebrity hires through platforms like Cameo for promotional messages.
The investment structure offered by HyperVerse promised significant returns, attracting investors with the lure of a new digital metaverse. However, the scheme's intricacies, including incentivised recruitment and promises of returns, have left many investors unable to access their funds, painting a concerning picture of deception within the venture.
Sam Lee, associated with HyperVerse, has denied allegations of fraud, while Ryan Xu's involvement remains elusive. Attempts to contact Xu for clarification have been unsuccessful, leaving critical questions unanswered regarding the fund's management and operations.
In the wake of HyperVerse's collapse, the lack of transparency surrounding its CEO's identity and the contradictions in presented credentials cast a shadow over the credibility of the venture. The involvement of high-profile individuals in promotional activities, coupled with unverifiable claims, underscores the need for rigorous scrutiny and accountability within the crypto investment space.
Explore the intriguing and cautionary tale of HyperVerse, a cryptocurrency fund led by a mysterious CEO, accused of fraud and pyramid scheme activities. Discover the allure of celebrity endorsements, regulatory oversights, and the ripple effect on investors and the crypto industry in this gripping narrative.
MiyukiInvestigation reveals HyperVerse's CEO might be a phantom, amidst a wider scandal involving millions in losses and legal challenges, highlighting the perils of unregulated crypto ventures.
KikyoDeputy Treasury Secretary Wally Adeyemo said such regulations are important to ensure the protection of investors, consumers and financial stability.
OthersJPMorgan said the FTX collapse could speed up cryptocurrency regulations, resulting in the broader use of blockchain technology.
BeincryptoWhite-shoe law firm Paul Weiss is reportedly out – and SBF’s dad’s co-worker is in.
CoindeskFTX claimed its 2021 financial results were audited by Armanino and Prager Metis.
OthersThe Singapore-based crypto lender has lost close to $190 million, as per reports, due to its exposure to Terra's algorithmic stablecoin UST.
BitcoinistMost have reported an increased amount of stress in their life since the incident, both personally and between other co-investors, often family members.
BeincryptoCrypto lender Celsius Network, one of the biggest in the world, has filed for Chapter 11 bankruptcy protection, joining a ...
BitcoinistSBF also rejected rumors that Alameda played a part in jeopardizing the stability of Celsius, noting that “this is definitely false. We want to help those we can in the ecosystem, and have no interest in hurting them.”
Cointelegraph