HyperTech and associated Ponzi schemes have received a securities fraud warning from Alberta, Canada.

The Alberta Securities Commission added HyperTech, HyperFund, HyperNation and Hyperverse to its
Investment Caution List
on February 7th.

The ASC advises;

To help inform and protect investors, the ASC provides a list of companies and individuals that are not registered with the ASC and that 
appear to be engaging in activities that either require registration under Alberta securities laws or may be investment scams.

Investors are encouraged to consult this list if they are considering investing, especially if they are approached with an unsolicited investment opportunity.

HyperTech was a Ponzi incubator run by Ryan Xu (Zijing Xu) and Sam Lee (aka Xue Lee).

HyperFund
,
Hyperverse
and
HyperNation
were respective collapsed Ponzi schemes launched under HyperTech branding.

As HyperFund took off globally, Xu and Lee
fled to Dubai
in 2021.

Since the collapse of the HyperTech Ponzi schemes, Lee (right) and two HyperFund promoters have been
indicted.
 The SEC also
filed civil fraud charges against Lee
last month.

Sheltered by Dubai’s authorities
, Lee continues to defraud consumers. Lee’s latest scams are
Satoshi Math Club and VEND
.

The host-suspended StableDAO website was also recently brought back online.

Pending his arrest, Lee remains a wanted fugitive. The status and whereabouts of Ryan Xu remains unclear since HyperFund collapsed in 2021.

🤖 Quick Answer

What is the HyperTech securities fraud warning issued by Alberta, Canada?
The Alberta Securities Commission added HyperTech, HyperFund, HyperNation, and Hyperverse to its Investment Caution List on February 7th, citing unregistered activities and suspected investment scams. The operation was allegedly run by Ryan Xu and Sam Lee as a Ponzi scheme incubator.

Why did the Alberta Securities Commission take action against HyperTech?
The ASC determined that HyperTech and associated entities were operating without required registration under Alberta securities laws and appeared to be engaging in fraudulent investment activities. The companies were identified as potentially operating as Ponzi schemes targeting unsuspecting investors.

What protective measures does the Alberta Securities Commission recommend?
The ASC advises investors to consult its Investment Caution List before considering investment opportunities, particularly unsolic

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