Hyperverse has been added to New Zealand’s HyperFund securities fraud warning.

New Zealand’s Financial Markets Authority issued their
original HyperFund fraud warning
on September 30th, 2021.

HyperFund collapsed and was rebooted as Hyperverse in early December.

On or around December 20th, the FMA added Hyperverse and the domain “thehyperverse.net” to its warning.

HyperFund operates on a Multi-Level Marketing (MLM) model and claims to offers passive investment opportunities.

We have received reports of them recruiting affiliate investors in New Zealand. It is not registered or licensed to provide financial services/products in New Zealand.

The website thehyperfund.com now redirects to thehyperverse.net.

Hyperverse hasn’t officially collapsed but continues to restrict withdrawals.

Desperate Hyperverse investors are forced to jump through hoops such as
crypto pools
, which allow them to
cash out HVT for cents on the dollar
.

Affiliates who don’t recruit new investors are
punished with GNX tokens
they can’t withdraw.

Hyperverse owners Ryan Xu and Sam Lee
fled to Dubai
last year.

Xu and Lee have remained in hiding since it emerged Australian liquidators were
seeking to recover tens of millions in losses
.

The majority of Hyperverse victims are believed to be in the US. US regulators are yet to take action against Hyperverse or its executives.

🤖 Quick Answer

What is Hyperverse and why was it added to New Zealand's fraud warning?
Hyperverse is the rebranded version of HyperFund, which collapsed in early December after New Zealand's Financial Markets Authority issued a fraud warning in September 2021. Operating as a Multi-Level Marketing scheme, it was added to the FMA's warning list around December 20th for offering unregistered investment products and recruiting affiliate investors without proper licensing.

Why did HyperFund rebrand to Hyperverse?
HyperFund rebranded to Hyperverse in early December following its collapse. The original website redirected to the new domain, thehyperverse.net, shortly after. This rebranding coincided with the FMA's expansion of its fraud warning to include the new entity and associated domain.

What issues does Hyperverse currently face?
Although Hyperverse hasn't officially

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