SEC Files Lawsuit Against HyperFund for Cryptocurrency Ponzi Scheme, Alleging Fraudulent Acquisition of Nearly $2 Billion and Hiring Actors to Pose as CEO

The latest press release from the U.S. Securities and Exchange Commission (SEC) states that criminal charges have been filed against HyperFund, a Ponzi scheme project accused of fraud and selling unregistered securities. The SEC alleges that the two founders raised nearly $2 billion from June 2020 to early 2022, and even hired actors to impersonate the new CEO and deliver speeches to investors.