From Time Magazine:

An Australian crypto company HyperVerse might possibly not exist, even though its CEO claims former roles at Cambridge, Goldman Sachs, and Adobe.

Questions about the CEO arose after an outlet’s investigation uncovered a lack of evidence from his former alleged employers, as well as a lack of an online presence.

The CEO did not possess a LinkedIn account, and his sole online presence consisted of materials produced by HyperVerse and an inactive X profile that was created just before the company’s 2021 launch video.

HyperVerse claimed endorsements from a number of celebrities, although these may have been acquired on the personalized video website Cameo. These celebrities are not suspected of any wrongdoing.

In 2022, HyperVerse amassed $1.3 billion and became the year’s biggest alleged crypto scam, according to Chainalysis.

One of HyperVerse’s founding partners, Australian entrepreneur Sam Lee, was associated with the failed company Blockchain Global, which went into voluntary administration in 2021 owing around $58 million.

Australia’s securities and investments regulator had earlier looked into whether or not Lee and his business partner Ryan Xu violated Australian law, but declined to take any action against them at this time.

In response to the CEO’s identity being questioned, many people took to social media to mock the incident and mock the company itself.

HyperVerse CEO’s pinned tweet contains a link to a promotional video for the company, with the caption, “where reality ends and imagination begins.”



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