Hyperverse has received a securities fraud warning from the British Columbia Securities Commission (BCSC).

As per the
BCSC’s October 18th, 2024 warning
;

HyperVerse claims to offer trading services for stocks, options, and ETFs.

We are aware that HyperVerse accepts British Columbia (BC) residents as clients.

HyperVerse is not registered to trade in, or advise on, securities or derivatives in BC.

Hyperverse offering unregistered financial services to BC residents constitutes securities fraud.

Hyperverse
, launched in late 2021, was the short-live successor to the
HyperFund
Ponzi scheme.

Following a
final cash grab
in March 2022, Hyperverse went on to collapse. Plagued with withdrawal issues from day one, technically Hyperverse collapsed the moment it launched.

HyperFund and Hyperverse co-founder Sam Lee was
indicted
in January 2024. The SEC has also filed
HyperFund civil fraud charges
.

Lee remains a wanted fugitive
hiding in Dubai
. HyperFund co-founder Ryan Xu disappeared when HyperFund collapsed in 2021. He hasn’t been seen in public since.

If you’re wondering why the BCSC is issuing a Hyperverse securities fraud warning two and a half years after it collapsed, you’re not alone.

As best I can figure the Hyperverse BCSC have cited is a recovery scam.

The Hyperverse in BCSC’s fraud warning operates from “hyper
e
funds.net”, privately registered on January 18th, 2023.

The domain is a clone of Hyperverse’s original website hosted on its own domain. The only links that work on the “new” Hyperverse website are Telegram and an on-site chatbot.

It’s likely these are monitored by scammers, hoping to fleece Hyperverse victims with promises of recovery.

It is highly unlikely Hyperverse cited in BCSC’s fraud warning has anything to do with the original 2021 Hyperverse Ponzi scheme.

🤖 Quick Answer

What is the Hyperverse securities fraud warning from British Columbia?
The British Columbia Securities Commission issued a warning on October 18th, 2024, regarding Hyperverse's unauthorized securities trading services. The platform claims to offer trading in stocks, options, and ETFs to BC residents while lacking proper registration. Operating unregistered financial services constitutes securities fraud under BC regulations.

What is the history of Hyperverse?
Hyperverse launched in late 2021 as the successor to the HyperFund Ponzi scheme. The platform experienced immediate withdrawal difficulties and collapsed following a final cash grab in March 2022. Despite its brief existence, Hyperverse never functioned properly from inception.

Why is Hyperverse considered fraudulent?
Hyperverse actively solicits British Columbia residents as clients while operating without authorization from regulatory authorities. Offering unregistered securities trading and advisory services to BC residents directly violates

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