The CEO of a crypto fund called HyperVerse has seemingly vanished with no trace. The company’s official website no longer exists and all of its social media accounts are no longer active. This has led to speculation that the company may have been a scam.
In addition, reports are beginning to surface that the firm’s investors were not given proper notifications before the fund shut down. HyperVerse was supposedly an EOS-backed project that raised more than $3 million from 92 investors back in 2018.
The company was run by CEO Aaron Leong, who is now nowhere to be found. Some believe that he may not actually exist, and that HyperVerse was a scam run by a group of anonymous people. Another theory is that he could be the same person as a man called Craig Galvin who has been linked to several similar scams in the past.
Regardless of who is behind HyperVerse, investors have little to no chance of recovering any of their lost funds at this point. This highlights the need for more regulation in the crypto sector, as many scams have been able to take advantage of innocent investors without consequence.