Unregulated crypto schemes cause investors to lose millions Although the crypto sphere continues to evolve and grow, there are still several reports of investors and users losing their hard-earned money overnight due to crypto schemes. One of the most recent cases involves investors suffering significant financial losses due to unregulated crypto schemes in Australia. Despite consistent warnings from regulatory authorities overseas about the nature of these schemes, they have managed to operate unchecked within the country. These crypto schemes are known as Hyperfund and HyperVerse which were established by Sam Lee and Zijing ‘Ryan’ Xu. They were the former founders of the now-collapsed Blockchain Global.
