HyperFund introduced KYC as a selective way to restrict withdrawals around October 2021. Affiliates targeted for withdrawal restriction report KYC verification has blown out to over 40 days. Investors flock to the pools, desperate to withdraw whatever they can. Hypervere’s subscription pools see affiliates convert HU to HVT internally, and then dump HVT into the pools. Under Hypverse’s new 400% ROI plans, investors buy in at up to $3600.
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. Still, you can follow the below steps 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. 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. Since HyperFund collapsed, Hyperverse has juggled withdrawals through MOF and HVT.
How to Get a Refund from Hyperverse
Provide them with all the necessary documentation and request a refund or explanation for the 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.
- 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.
- The company is not legally incorporated in any country and is operating without authorization from financial regulators.
- Provide them with all the necessary documentation and request a refund or explanation for the withdrawal problem.
- They can help you to file a lawsuit against the company and recover your lost funds.
- In short, we highly recommend that you stay far away from HyperVerse and avoid this fraudulent investment opportunity at all costs.
GNX withdrawals were supposed to be enabled in mid February but remain disabled. 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. 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.
What happens if I pay a low fee for my HyperVerse(HVT) withdrawal?
Coinmarketfees.com that compares transaction fees, withdrawal fees, interest rates on crypto deposits and loans. 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. Many investors have been 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.
Once the timer runs down, a subscription pool splits up a fixed amount of cryptocurrency between affiliates. Affiliates receive pro-rata shares of the cryptocurrency amount, based on how much HVT they dumped into the pool. GNX was introduced as a way to punish Hyperverse affiliates who didn’t recruit.
Fees
This is done on the promise of an eventual $14,400 ROI, calculated at 0.3% a day and paid in HU. 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. 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. Reach out to HyperVerse’s customer support and inquire about the status of your withdrawal.
With withdrawals disabled throughout most of 2022, Hypervere’s 400% return comes off as a desperate cash grab. 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. HyperVerse, a cryptocurrency-based MLM rebrand of HyperFund, has been facing withdrawal problems for a long time.
