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The Latest Breaking News from Hyperverse

HyperVerse promoter ‘Bitcoin Rodney’ accuses Australian Sam Lee in US court of duping him with ‘elaborate deception’

Rodney Burton says in Maryland district court memorandum he acted in good faith when promoting scheme that allegedly defrauded investors of US$1.89bn, but Lee calls claims ‘baseless’

The Guardian - AU · Dec 4, 2025

US crypto entrepreneur arrested in Dubai alleges torture by police

Edel Hsieh, who is linked to HyperVerse CEO, alleges police tortured him into signing a false confession

The Guardian - US · May 8, 2024

Astonishing returns, cult overtones and a ‘perfect virtual world’. How the HyperVerse scheme caught fire online

Bizarre videos promoted the alleged Ponzi scheme and senior promoters lived the high life, but for thousands around the world the reality was a huge financial loss

The Guardian - AU · Feb 17, 2024

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Victoria police were asked to look at HyperVerse information in 2020 – but sent case back to Asic 22 months later

Australian financial regulator says it referred crypto scheme to police for alleged ‘possible fraud’ and believed matter was under ‘active consideration’

The Guardian - AU · Feb 14, 2024

‘I lost my house, I lost all my money’: the retiree taking on the banks over crypto fund loss

Catherina De Solieux is one of several Australians taking legal action against banks who oversaw money transfers to the HyperVerse scheme

The Guardian - AU · Feb 7, 2024

Australian Sam Lee charged with conspiracy to commit fraud in US for role in $1.89bn ‘Ponzi scheme’

HyperVerse crypto schemes, subject of a Guardian Australia investigation, alleged to have defrauded investors of almost A$3bn

The Guardian - AU · Jan 30, 2024

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

Promoters of the scheme, which collapsed owing millions, targeted countries such as Nepal, with claims some investors took out bank loans to buy packages

The Guardian - AU · Jan 23, 2024

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Asic examines collapsed bitcoin company Blockchain Global after Guardian investigation

Regulator takes action after masthead reveals links between two of company’s directors and a series of failed crypto schemes

The Guardian - AU · Jan 22, 2024

Fake crypto CEO that fronted $1.3 billion rug-pull exposed as jobbing actor who got paid $5,000 with a suit thrown in

It don't get worse than HyperVerse.

PC Gamer · Jan 15, 2024

Morning Mail: HyperVerse fake ‘CEO’ revealed; adolescent diet pill use concerns; violence erupts in PNG

Face of collapsed crypto scheme confirms he was paid to pretend; unrest ‘spirals out of control’ in Port Moresby

The Guardian - AU · Jan 10, 2024

‘I do feel bad about this’: Englishman who posed as HyperVerse CEO says sorry to investors who lost millions

Exclusive: Stephen Harrison says he was paid to play role of chief executive of the crypto investment scheme but denies having ‘pocketed’ any of the money lost

The Guardian - AU · Jan 10, 2024

Morning Mail: crypto promoter arrested in US, more pain for renters, Nasa moon lander ‘anomaly’

HyperVerse crypto promoter facing charges in the US; rental prices expected to rise further across Australia

The Guardian - AU · Jan 8, 2024

HyperVerse crypto promoter ‘Bitcoin Rodney’ arrested and charged in US

Exclusive: Internal Revenue Service alleges Rodney Burton was part of a network that made ‘fraudulent’ presentations claiming high returns for investors based on crypto-mining operations that did not exist

The Guardian - AU · Jan 8, 2024

This multi-million crypto rug pull has a new twist: The CEO may not exist

Neither did the returns, thangew!

PC Gamer · Jan 5, 2024

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Fortune · Jan 5, 2024

The CEO of failed crypto firm HyperVerse boasted an extraordinary résumé. He may be completely made-up

An investigation by The Guardian found no evidence to back the points on his resume or a way to contact him.

The Guardian - AU · Jan 4, 2024

Asic faces questions over failure to warn consumers about HyperVerse crypto scheme

Assistant treasurer Stephen Jones says concerns should have been raised about scheme that appeared to be selling ‘worthless investment products’

The Guardian - AU · Jan 3, 2024

Chief executive of collapsed crypto fund HyperVerse does not appear to exist

Steven Reece Lewis was introduced to investors with an impressive list of qualifications and achievements, but no organisation cited can find any record of him

The Guardian - AU · Dec 13, 2023

Investors lose millions as crypto schemes operate unchecked in Australia

Exclusive: the New Zealand regulator has warned the schemes could be a ‘scam’ but they have escaped such scrutiny in Australia and thousands have lost money

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The Guardian - AU · Dec 13, 2023

‘They are so convincing’: Vera Gazzard lost her life savings to HyperVerse

Australians who were convinced to put money into the Hyper group investment schemes say no one has been held to account for their losses

Daily Mirror · Dec 15, 2022

Crisis-hit cryptocurrency PLC Ultima bans Mirror from conference

PLCu has collapsed in value and blocked withdrawals, which might help explain why it wasn't keen on Press coverage

Daily Mirror · Sep 22, 2022

How film and sports stars plugged crypto investments, with disastrous results for savers

EthereumMax has lost 99% of its value since Kim Kardashian promoted it on Instagram

Daily Mirror · Feb 17, 2022

Superscam Returns: Kalpesh Patel is back with a crypto-nightmare called Hyperverse.

300% returns are promised but promoters have a dismal history of failures

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