HyperVerse
Defunct cryptocurrency hedge fund
From Wikipedia, the free encyclopedia
HyperVerse is a defunct cryptocurrency hedge fund (formerly HyperNation, then HyperFund, then HyperVerse in 2021).[1] The collapse of the company resulted in approximately $1.3 billion in customer losses.[2][3][4]
| Formerly |
|
|---|---|
| Industry | Cryptocurrency |
| Defunct | 2024 |
| Fate | Dissolved (charged with fraud) |
Fake executive controversy
In January 2024, it was revealed that the man named as executive director of HyperVerse, Steven Reece Lewis, never existed.[4][5] Promotional content claimed that Lewis graduated from the University of Leeds and the University of Cambridge and that he worked at Goldman Sachs, among other achievements.[5][6][7]
Legal proceedings
At the end of January 2024, the US Department of Justice charged Australian entrepreneur Sam Lee, chairman of HyperTech—the company that operated HyperVerse—with conspiracy to commit fraud in the District Court of Maryland.[8][1]