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The Guardian - AU

Technology

Sarah Martin

HyperVerse crypto scheme targeted developing countries before collapse left some investors ‘suicidal’

Sam Lee Hyperverse Hyper Developing Countries Crypto blockchain Ryan Xu Hyperfund Nepal Blockchain Global

Investors have lost millions of dollars in cryptocurrency schemes HyperVerse and HyperFund. Composite: Guardian design/Getty images

The HyperVerse cryptocurrency scheme targeted investors in developing countries across Asia, Africa and the Pacific before its eventual collapse left many people unable to access funds.

In Nepal, some people who took out bank loans to buy packages in HyperVerse said they felt suicidal when they were unable to withdraw their money, with some cases of self-harm, according to one investor.

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