HyperFund / HyperVerse
A crypto 'membership' scheme (also HyperVerse/HyperNation) promising daily passive rewards from non-existent mining. The SEC cited $1.7B raised; the DOJ described a $1.89B fraud.
Also known as: HyperFund, HyperVerse, HyperNation, HyperTech, HyperCapital
Summary
HyperFund — also branded HyperTech, HyperCapital, HyperVerse, and HyperNation — sold "membership" packages promising 0.5%–1% daily passive rewards, purportedly from large-scale crypto mining. The SEC says it raised more than $1.7 billion; the DOJ described a $1.89 billion scheme. [1][2]
Mechanism
Per the SEC and DOJ, the platform had no real revenue other than investor funds (a pyramid scheme), claimed an association with a Fortune 500 company, and began blocking withdrawals around 2021–2022. The DOJ noted an actor was hired to play a new CEO at a "HyperVerse" launch. [1][2]
People
Co-founder Sam Lee (Xue Lee) was indicted in January 2024; promoter Brenda Chunga pleaded guilty. [1][2]
Bracketed numbers refer to the numbered sources listed below.
Sources (2)
See also
World Liberty Financial (WLFI) — Justin Sun token freezeProjectsWLFI, a DeFi project linked to Donald Trump and his family, blacklisted/froze the wallet of major investor Justin Sun in Sept 2025 — ~540–595M unlocked WLFI tokens (~$107M) plus ~2.4B locked. Sun sued, alleging an undisclosed admin 'blacklist backdoor'; WLFI denied it and threatened a countersuit. The dispute is ongoing.
Gala Games exploitTokensOn May 20, 2024 an attacker abused a privileged minter account on the GALA token contract to mint 5 billion GALA (≈$200M+ nominal) and dumped ~600M of them for ~$22M of ETH before Gala froze the address. Gala Games called it an internal access-control failure; the attacker later returned the ~$22M.
This page was last updated on Jun 15, 2026. View revision history.
