Jun 2020 - HyperCapital Ponzi Scheme - $Unknown (Global)
"HyperCapital was introduced as founded by giants in the crypto industry. Ryan Xu, founder of HyperCapital, is the CEO of HyperCapital and a mentor on the HCash team."
"HyperCapital’s website provides no information about who owns or runs the company." "Ryan Xu is the founder and is the only executive mentioned."
"A HyperCapital marketing presentation claims the company is “founded by crypto industry giants”. Ryan Xu, founder of HyperCapital, is the only HyperCapital executive named."
"[I]nside of the HyperTech group that belongs to HyperCapital you will see Blockchain Global, HCash (HyperCash), CollinStar and Digital X."
"HyperCapital [has] no retail products or services, but the ability to become an affiliate."
"HyperCapital has affiliate invest 1000 USDT on the promise of a 3500 USDT ROI." "HyperCapital pays their residual commissions through a unilevel compensation plan structure."
"HyperCapital holds 20% of earned commissions not including ROI’s."
"HyperCapital collapsed in mid 2020, prompting HyperTech to launch HyperFund."
Further Analysis
The HyperCapital was a multi-level marketing scheme without any product or service. The scheme ultimately collapsed in mid-2020 and was replaced with HyperFund. It is unknown how much money was invested and lost in the scheme.
How Could This Have Been Prevented?
More Cryptocurrency Exchange Hacks/Scams/Frauds
MiningPoolHub Ethereum Theft > > < < Good Cycle Ponzi Blackmailed
Sources/Further Reading
Warning HyperFund (now Hyperverse) seems to be mid-rug pull. Investors funds are locked up for 600 days so if that's you or your auntie i doubt there's much you can do : CryptoCurrency (Feb 23)
https://www.facebook.com/groups/346822080356786/ (Feb 23)
https://www.facebook.com/cryptocurrencydotcom/videos/hyper-capital/1205270886496889/ (Feb 26)
https://medium.com/@kitanguyen1128h/hypercapital-hyperfund-scam-project-proof-100-a65b82ca19f9 (Feb 26)
Reddit - Dive into anything (Feb 26)
HyperCapital Review - (2020) HyperCash Reboot Or Ponzi Scam? (Feb 26)
HyperTech Group Announces Launch of HyperFund And The Ogilvy Project (Feb 26)
Hyper Capital (Mar 20)
HyperCapital Review - ScamWatcher (Mar 20)
HyperCapital Review: HyperCash resurrection Ponzi scheme (Mar 20)
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