Hyperverse has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to NovaTechFX. We’ve received over 5 complaints against Hyperverse.
Investing in an unregulated entity such as Hyperverse is hazardous; without inspection, they may disappear, leaving no legal remedy. Check for licenses and transparency at all times. Scammers take advantage of confidence by restricting withdrawals and hiding complaints. Be cautious of false reviews. If you’ve been duped, consider submitting a chargeback to recover your money. To deceive victims, scammers employ strategies such as influencer marketing, “small wins,” and sudden unresponsiveness. They cycle between frauds, leaving a path of financial ruin in their wake.
Get Your Money Back From These Scammers!
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Key Takeaways
Is Hyperverse Regulated? Do They Have a License?
The HyperVerse fraud, also known by the names HyperFund, HyperTech, HyperOne, and HyperNation, is a massive cryptocurrency Ponzi scheme that has duped thousands of investors worldwide. This scam has been tracked back to creators Sam Lee and Zijing “Ryan” Xu, who have a track record of unsuccessful cryptocurrency enterprises, including Blockchain Global, which folded in 2021, owing creditors $58 million.
The scheme is claimed to have deceived investors for approximately $2 billion worldwide, with large losses reported in Australia, New Zealand, Canada, and the United Kingdom. Many victims lost their life savings, causing significant financial and emotional suffering.
Several global financial watchdogs have issued warnings regarding HyperVerse, and investigations and legal processes are underway in a number of countries. Efforts to recover lost monies are underway, and some victims have sought assistance from fraud recovery professionals and law companies.
The lack of regulation or the presence of poor regulation is a huge red flag. It means Hyperverse is a scam and most likely, an illegal operation.
Companies offering investment services or opportunities without having a license can vanish without leaving a trace. Furthermore, the lack of a regulatory license allows them to get away with it and face no legal consequences.
That’s why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong.
In the case of Hyperverse, victims have nowhere to go due to the absence of a watchdog or license.
You should ask yourself the following questions when you come across a new investment firm or opportunity:
- Does the investment provider maintain transparency about its CEO?
- Do they have a license from a renowned regulatory authority?
- If the need arises, can I reach out to an authority to report this company as a scam?
Concerning Issues Present at Hyperverse
HyperVerse was marketed as a digital metaverse where members could interact, game, and trade, with substantial returns on investments ranging from 0.5% to 1% every day, drawing a large number of investors. To provide credibility, the plan used bogus celebrity endorsements and a fictitious CEO named Steven Reece Lewis. Celebrities such as Chuck Norris and Steve Wozniak were falsely portrayed as supporters via sponsored promotion.
Investors were enticed with promises of huge returns and encouraged to join new members, a common feature of Ponzi schemes. Early investors were permitted to withdraw monies sourced from newer investors’ deposits. To evade detection and lure fresh victims, the scheme rebranded several times.
The fraudulent scheme began to unravel when investors discovered they could no longer withdraw their money. Excuses like as technical troubles or server glitches were made, but eventually withdrawals were completely halted. Legal action has been taken against the creators.
Sam Lee and Brenda Chunga have been charged with conspiracy to conduct fraud in the United States, and Lee faces up to five years in jail if convicted. The culprits face civil and criminal charges from the United States Securities and Exchange Commission (SEC) and the Department of Justice (DOJ).
The trading criteria and deposit/withdrawal procedures on the platform are not clearly explained, which contributes to a lack of trust and reliability.
However, it’s worth noting that many scammers disable their payment channels before shutting down their operations.
They might give you multiple reasons including:
- A technical error
- A glitch in their system
- Banking issues
- A “hacking attack”
And many others.
But in 9/10 cases, the scammers actually stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.
If you want to get your money back from a scammer, you’d need to file a chargeback.
Hyperverse Customer Service: Do They Handle Complaints Well?
Based on customer feedback, HyperVerse appears to struggle with successfully managing complaints. According to the evaluation, there are concerns with transparency and communication.
When it comes to scammers, you should only measure the quality of their customer service if they respond to your complaint.
In the beginning, scammers tend to remain very accessible.
This means their representatives will keep calling you until you invest with them. Furthermore, they will act friendly and make it seem as if you’re one of their most valuable consumers.
However, they do all this just to win your trust.
Scammers understand that in order to convince someone to give them a large sum, they will need to seem like a friend.
Nevertheless, when you have invested a considerable amount of money and need to get it back, their customer support will become inaccessible.
All of a sudden, their numbers would either stop responding or become unavailable.
Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment.
However, in the end, the customer support won’t resolve your issues and become increasingly unavailable.
If you have information on a scam or criminal operation, you can get access to 40+ investigative journalists & news outlets for free. Send us a detailed report here and if you qualify, we will forward your case ahead.
Hyperverse Reviews: What Do Others Say?
Customers generally report negative experiences with HyperVerse online, often relating to difficulties in withdrawing funds and poor customer support.
It’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.
Scammers like Hyperverse tend to purchase fake reviews for their online profiles to make themselves seem more credible.
TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.
That’s why you shouldn’t trust Hyperverse reviews easily.
It’s easy to identify fake reviews as well. You should look out for 5-star reviews that are posted by temporary accounts (profiles which only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.
In the case of Hyperverse, chances are, you wouldn’t find many legitimate reviews.
Another prominent way scammers like Hyperverse enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “Hyperverse reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising Hyperverse.
You should always look out for consumer complaints. In the case of Hyperverse, the most common complaints I found were about:
- Poor customer support
- Delays in payments
- High fees and charges
- Lack of transparency regarding their leadership team
- Aggressive sales staff
Do you have a similar complaint about Hyperverse? You can share your complaint in the comment section or submit an anonymous tip.
Is Hyperverse Legit Or Scam?
The fact that HyperVerse is an unregulated investing platform raises fundamental doubts about its authenticity. The review indicates a significant risk of fraud.
Hyperverse is an unregulated entity. Although they might fall under the jurisdiction of a watchdog, they don’t have the license to offer financial services to consumers.
The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind Hyperverse can run away with your money without any prior notice. You should be extremely cautious when dealing with an unregulated service provider.
The absence of a watchdog also means you cannot report to them to anyone.
Also, due to the absence of specific regulations, there is no provision protecting you from the insolvency of this entity. If they go bankrupt, you won’t be able to do anything about it.
Can You Trust Hyperverse?
The HyperVerse a scam serves as a clear warning of the risks connected with high-return investment schemes, particularly in the mostly unregulated cryptocurrency market. It emphasizes the significance of due inquiry and skepticism when considering investment prospects that appear too good to be true.
Regulatory organizations around the world are becoming more attentive, but it remains the responsibility of investors to protect themselves from such fraudulent schemes.
All the evidence suggests that Hyperverse is a scam. If you have lost money to them, there is still a chance you can get it back.
To recover your funds, you’d need to file a chargeback.
Frequently Asked Questions
Is Hyperverse a scam?
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How The Hyperverse Online Scam Works
Intelligence Commissioner investigates & reviews online money-making opportunities. We strive to provide critically helpful information to our readers and assist them in identifying scams. 
