Investors lose millions as crypto schemes operate unchecked in Australia

  • December 13, 2023
  • 0

Exclusive: the New Zealand regulator has warned the schemes could be a ‘scam’ but they have escaped such scrutiny in Australia and thousands have lost money

Get our morning and afternoon news emails, free app or daily news podcast

Thousands of investors have lost millions of dollars in crypto investment schemes that have escaped regulator warnings in Australia, despite financial authorities overseas warning two of the schemes were a possible “scam” and “suspected pyramid scheme”, a Guardian Australia investigation has found.

The schemes have operated under various names including HyperFund and HyperVerse.

Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup

Continue reading…

Leave a Reply

Your email address will not be published. Required fields are marked *