HyperNation has received a securities fraud warning from Quebec’s Autorite des Marches Financiers.
As per the
AMF’s May 24th investor warning
;
HyperNation is not registered with the Autorité des marchés financiers (AMF) and is not authorized to solicit investors in Québec.
This is the equivalent of a securities fraud warning in other jurisdictions.
HyperNation
emerged as one of two spinoffs following
Hyperverse’s collapse
in early 2022.
HyperNation launched as an NFT Ponzi grift,
fronted by dorks dancing around in masks
.
Earlier this month HyperNation announced it was rebooting as
Satoshi AI
. Satoshi AI sees the HyperNation Ponzi swap out its NFT marketing grift for AI.
HyperNation’s collapsed HNT token has also been replaced with SAT token.
At time of publication HyperNation’s website was still accessible. HyperNation’s social media profiles however were abandoned back in February.
🤖 Quick Answer
What is the AMF's securities fraud warning against HyperNation?Quebec's Autorité des marchés financiers issued a May 24th warning stating HyperNation lacks registration and authorization to solicit investors in Québec, constituting a securities fraud alert equivalent to those issued in other jurisdictions.
What is the connection between HyperNation and Hyperverse?
HyperNation emerged as one of two spinoffs following Hyperverse's collapse in early 2022, continuing operations under a similar business model initially focused on NFT marketing.
What rebranding did HyperNation announce?
HyperNation announced a reboot as Satoshi AI, transitioning its business model from NFT-based operations to artificial intelligence marketing, replacing its HNT token with the SAT token.
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