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What Happened To HyperVerse? A Safer Way To Start In 5 Minutes A Day

By The No Job Lifestyle Team · Last reviewed · How we research

Were you in HyperVerse or HyperFund? Here is the public record on the collapse and the 2024 charges.

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Quick answer: HyperVerse was a crypto program sold through recruiting. Withdrawals stopped in 2022. In January 2024 the SEC and US prosecutors charged founder Sam Lee, alleging investors put in over $1.7 billion. The SEC also said its CEO was an actor. The charges against Lee are allegations.

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1What HyperVerse Promised Members

HyperVerse, which grew out of HyperFund, sold crypto memberships and paid members for recruiting others.

According to the SEC, members were promised steady daily returns from crypto mining and trading. Withdrawals froze in 2022 and the program fell apart.

2The 2024 SEC And Criminal Charges

In January 2024 the SEC filed a civil case and US prosecutors in Maryland filed criminal charges against founder Sam Lee.

The SEC alleges the scheme raised over $1.7 billion from investors worldwide. It also said the man presented as CEO Steven Reece Lewis was an actor playing a made up character. Promoter Brenda Chunga agreed to settle. Lee denies wrongdoing, and the charges against him are allegations, not convictions.

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The HyperVerse timeline, from HyperFund to collapse

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3What Former Members Can Do

Follow the SEC and Justice Department case pages for official updates.

Recovery scams often target crypto losses. Never pay an upfront fee to someone who promises to get your HyperVerse money back.

4How We Would Check Any Online Business Program Today

Look for a real product people buy without joining, skip big upfront fees, and test small before you scale.

A program that pays mostly for recruiting, or sells ever more expensive tiers, is a warning sign. Search the company name with FTC, SEC or CFTC, read the refund terms before you pay, and start with something free or cheap that you control, like your own page and email list. Results vary and nobody can promise income.

  1. Search the name plus FTC, SEC and CFTC
  2. Read the refund terms before paying anything
  3. Start small with a stream you own and control

Ready to start? Our free guide on letting AI trade for you walks you through it step by step, and our shut down and sued money programs guides cover the rest of this topic.

Primary Sources For This TopicWe check facts on this topic against these primary sources. See how we research.

Questions people ask

Is HyperVerse coming back?

There is no sign of a real relaunch. Treat any message about a HyperVerse return with caution.

Was the HyperVerse CEO real?

The SEC said the man presented as CEO Steven Reece Lewis was an actor playing a made up character.

Was Sam Lee convicted?

No. Sam Lee was charged in 2024. The charges are allegations and he denies wrongdoing.

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