Michael Faust's "Project Lantern" investment scheme has imploded, leaving investors locked out of their money.

On February 5th, the so-called Project Lantern Team announced it was freezing all withdrawals, interest payments, and commissions indefinitely. The reason: "significant losses" from crypto market volatility. The team promised a three-month review before determining "the best path forward."

The Project Lantern Team is Faust himself, operating with help from Chris Thomson and Azli Noor, two minor players in the operation.

When BehindMLM examined Project Lantern in April 2021, they found exactly what it appeared to be: a bitcoin Ponzi scheme offering 6.5% monthly returns. The math was simple. Without new investor money flowing in, there was nothing left to pay out.

That's the real story behind the collapse. Faust's scheme ran dry because traffic to the website died. No fresh victims, no money to steal.

For Faust, the timing worked out conveniently. He spent much of late 2021 dealing with "hospital stays and surgery"—an undefined expense that conveniently preceded the scheme's shutdown. By New Year's 2022, he was posting cryptic messages about "letting go of people" and "stopping difficult conversations." For Project Lantern investors demanding to know where their money went, those conversations were only going to get harder.

The total number of victims and amount lost remain unknown.

Faust didn't stay unemployed for long. Within weeks of Project Lantern's collapse, he began promoting Hyperverse—a rebranded version of HyperFund, another Ponzi scheme that had already collapsed.

The pattern was clear. When one scheme dried up, Faust simply moved on to the next one, leaving wreckage behind.

🤖 Quick Answer

What is Project Lantern and who operates it?
Project Lantern is a bitcoin investment scheme operated by Michael Faust, with assistance from Chris Thomson and Azli Noor. The scheme offered investors monthly returns of 6.5%, functioning as a Ponzi structure dependent on continuous new investor capital for payment obligations.

Why did Project Lantern freeze operations?
On February 5th, Project Lantern announced an indefinite freeze on withdrawals, interest payments, and commissions, citing significant losses from cryptocurrency market volatility. The team committed to a three-month review period before determining future operational strategies.

How does Project Lantern operate as a Ponzi scheme?
Project Lantern operates by promising fixed monthly returns of 6.5% to investors. Without continuous influx of new investor funds, the scheme lacks sufficient capital to meet payment obligations, creating the mathematical structure characteristic of Pon

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