HyperFund was launched in 2020, marketing itself as a crypto membership program that offered passive investment returns. It claimed to generate profits through crypto mining, venture capital, and other high-tech ventures, promising daily rewards to its members. The platform operated on a multi-level marketing (MLM) structure, heavily incentivizing recruitment. In late 2021, HyperFund rebranded to HyperVerse amidst growing scrutiny. Investigations by financial authorities worldwide concluded that the operation had no verifiable source of external revenue and was operating as a fraudulent scheme, paying early investors with money from new recruits. In January 2024, the U.S. Securities and Exchange Commission (SEC) charged the founders with operating a fraudulent crypto asset pyramid scheme that raised over $1.7 billion from investors globally.

Founded in

Poland