HyperVerse founder promotes new cryptocurrency venture only hours after $1.7B fraud accusation

Just hours after the US charged HyperVerse crypto pyramid scheme operator Sam Lee with misappropriating $1.7 billion in investor cash, Lee continued to promote crypto ventures online.

The SEC accused Lee and HyperVerse of promising investors huge profits on cryptocurrency schemes that they had deceived them into funding on January 29.

The 35-year-old Aussie, on the other hand, promoted his new South African crypto company, VEND in a Facebook video the very next day. “The worst is basically people lying to regulators and regulators believing their version of the story,” Lee, the project’s CEO, says in the 70-minute film, before asserting that things can only get better for him. In addition, he cautions would-be financiers to “not be in the mindset of loss.”

Regarding the news cycle, when things are mentioned that aren’t true, it doesn’t affect me.” Lee added, according to The Guardian. because it’s inexpensive to show something is true. Note that Lee doesn’t mention the allegations directly.

Sam Lee promoted his newest venture on Facebook, telling potential backers to “not be in the mindset of loss.”

Participating live streamers on VEND may showcase their cryptocurrency initiatives to would-be backers. As they watch the presentations and subscribe to the initiatives, they gain prizes.

The majority of VEND projects use Tether (USDT). On February 2, Mahmoud Elawa introduced a business dubbed 369 Era, which promised subscription packages that could enhance a minimum investment of 27,000 USDT by as much as 162,000 USDT, a 500% gain.

Also Read: The FTX Bankruptcy Uncertainty Regards the Lucrative Fees of the Legal Team February 5, 2024