Fallout from the collapse of Blockchain World, an Australian crypto bro firm co-founded by Ryan Xu (aka Zijing Xu) and Samuel Lee (Xue Lee), confirms Hyperverse executives are in hiding.
Hyperverse is the latest rebranding of the HyperFund Ponzi scheme. Each corporations are run beneath the HyperTech umbrella, of which Xu and Lee are each executives.
Ryan Xu is usually the face of the corporate and offered as HyperTech’s proprietor.
Sam Lee (proper) is offered as HyperTech’s Chairman and CEO of HyperFund.
The pair’s earlier scheme, Blockchain World, collapsed in October. Liquidators are looking for to get well $21 million owed to Xu’s and Lee’s collectors.
A report from The Age, masking Supreme Court docket liquidation proceedings in November, reveals
Blockchain World’s belongings included hundreds of thousands in Bitcoin and Ethereum.
Allan Guo, had confirmed that he had entry to Blockchain World’s cryptocurrency, nevertheless the credentials wanted to entry it have been on a laptop computer that had gone lacking.
Guo claims he was in China in late 2019 when his belongings have been stolen, together with the laptop computer.
Guo had been approached to offer a police report to verify the theft, however to this point has been unable to take action.
Makes an attempt to contact Lee, relating to “additional holding of Blockchain World’s bitcoin”, have gone unanswered.
Liquidators have been attempting to contact Lee over e mail and WeChat.
Blockchain’s present administrators presently reside abroad and are tough to contact.
Earlier this 12 months Xu, Lee and the remainder of HyperTech’s executives fled to Dubai.
Xu was a no-show at what was initially speculated to be a HyperFund occasion, held on US soil final month.
Along with Blockchain World liquidation, victims of Xu’s and Lee’s ACX scheme are suing for over $10 million in losses.
ACX was a crypto bro funding scheme launched by way of Blockchain World. It collapsed in February 2020.
By that stage Xu and Lee had created HyperTech and launched the HyperCapital Ponzi scheme.
HyperCapital collapsed in mid 2020, prompting HyperTech to launch HyperFund.
After HyperFund we’ve Hyperverse, an NFT Ponzi scheme hiding behind a space-themed online game.
Hyperverse was launched with a Boris CEO actor, prompting hypothesis Ryan Xu and HyperTech’s executives had gone into hiding.
Replace eighth December 2021 – Blockchain World investor losses have now climbed to $48.9 million AUD.