HyperVerse, a cryptocurrency-based MLM rebrand of HyperFund, has been facing withdrawal problems for a long time.
Many investors have been unable to withdraw their money from the platform, leading to concerns about its legitimacy as a financial investment opportunity.
In this article, we will provide an update on the HyperVerse withdrawal situation and outline the steps that investors can take to get a refund.
Hyperverse Withdrawal Problem
HyperVerse was founded by Ryan Xu in November 2021 as a rebranding of the company HyperFund. It was a suspected Ponzi scheme scam and various financial regulators issued warnings against it.
The HyperVerse withdrawal problem began in February-March of last year. Many investors were unable to withdraw their money from the platform, leading to concerns about its legitimacy as a financial investment opportunity.
Now for the past few days, the investors are unable to withdraw their money. Many claims that it may be the end of HyperVerse.
Users are targetting HyperVerse on Twitter, but till now there is no clarification about the exact date of getting the withdrawal problem to get solved.
The company has not provided any clear explanations for the withdrawal problems, and many investors have been left in the dark about their investments.
Read: FCA Warns Against 6 Online Brokers
How to Get a Refund from Hyperverse
There is no-guarantee of withdrawal from HyperVerse as it is not regulated and they are an absolute scam to stole investors’ money.
We have warned our readers of various such scams. Still, you can follow the below steps to get a refund from Hyperverse.
1. Gather all necessary documents
Before contacting HyperVerse or any financial regulatory agency, gather all necessary documentation such as proof of investment, account information, and any correspondence with the company.
2. Contact HyperVerse
Reach out to HyperVerse’s customer support and inquire about the status of your withdrawal. Provide them with all the necessary documentation and request a refund or explanation for the withdrawal problem.
3. File a complaint with financial agencies
If you do not receive a satisfactory response from HyperVerse or if they do not respond at all, file a complaint with the financial regulatory agency in your country. In the US, the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) are the regulatory agencies that oversee the crypto and investment industry.
4. Seek legal action
If all previous steps fail, seek legal action by consulting with a lawyer. They can help you to file a lawsuit against the company and recover your lost funds.
5. Avoid Hyperverse
The company has received multiple fraud warnings from financial authorities in various countries, and the founders and top promoters have disappeared or fled to Dubai to avoid prosecution.
The company is not legally incorporated in any country and is operating without authorization from financial regulators. The company’s operations are based in Dubai, where the government shelters MLM scammers.
Investors in HyperVerse are unable to withdraw their earnings, and the company is making empty promises. It is clear that HyperVerse is a scam and anyone who believes in it is being foolish. The company is likely to collapse soon and rebrand once again unless action is taken by governments to shut them down.
In short, we highly recommend that you stay far away from HyperVerse and avoid this fraudulent investment opportunity at all costs. Always be careful and do your own research before investing in any company or opportunity.
Read: Bloomberg fined $5 million by SEC
My wife and I invested over 10k in Hyperverse also labeled
Hyperfund and have not been able to retrieve any of our investment. can anyone offer any advice on how to get any funds back?
I invested 17600 being advised by some coward who now says he’s moved on from it. But nothing is said about my money being sorted out. Absolute scumbag.
I guess I was stupid enough to think that by investing only $5000 I was going to be able to pay off my mortgage at the end of the 20 months term. I am 78 years old and $5000 was all I could afford and now I don’t even have the hope of paying off mortgage and retire in peace. I was pushed by a friend… nice friend. Now I lost money and friendship
I have been scammed by ravency cyber support stating he will give me my money back hyperverse all money gone and i cant even get my money out hyperverse no process to even withdraw
in series help.my hyperpay is down put of cash losses.claim support for withdrawel repay
I trust my best friend, and I invested $10,000 with them. However, now everything has come to a standstill, and I can’t withdraw my money. I’ve even lost my own funds. I want to urge everyone in the world to stay away from this fraudulent company called Hypervrse. They are scammers. If anyone has managed to retrieve their money from them and knows the withdrawal process, please share it on Google. It may help others who are waiting for their money to be returned to their accounts