Official support channels are flooded with reports of withdrawal failures from hyperverse investors.
Others claim HDAO is working on their behalf.
Hyperverse’s official Telegram channel has been reporting withdrawal failures for the past 24 hours.
The affiliates of HyperFund invested real cryptocurrency into HU Ponzi points prior to the disaster reboot of the Hyperverse.
HU points, the currency used to calculate HyperFund’s 300 percent returns, are not available for public trading at this time. A cryptocurrency called MOF was created by HyperTech owners Ryan Xu and Sam Lee for affiliate investors who wanted to withdraw their money.
Affiliates of HyperFund would then sell MOF to make a profit.
Xu and Lee also transferred MOF from the Ethereum blockchain to the Tron blockchain during the Hyperverse reboot.
MOF’s coin supply grew from 100 million to 100 billion as a result of this.
MOF’s stock price fell by 98.98 percent, from $2 to about $0.004, or a little more than a penny.
MOF’s chart value has been artificially inflated to just over a cent because CoinMarketCap is reporting $15,000 unverified trading volume on Bittrex.
MOF was removed from the Hyperverse backoffice as a withdrawal option in order to facilitate the transition to the blockchain. MOF withdrawals are currently unavailable.
HyperDAO or HDAO, a shitcoin Xu and Lee launched in early 2020, is MOF’s replacement.
On November 25, the relatively dormant HDAO saw a spike in value due to Hyperverse disabling MOF withdrawals.
HDAO has been the method of withdrawal for HyperFund/Hyperverse affiliates for the past three weeks.
In the past 24 to 48 hours, that has stopped working altogether.
There have been no Hyperverse corporate announcements addressing ongoing withdrawal issues since the prerecorded Hyperverse launch video went live last weekend.
As of this writing, Hyperverse’s website is still in the same unfinished state it was in when it first appeared.
The planned Hyperverse NFT Ponzi “game” has received no further updates. According to the reports I’ve seen, these plans have been scrapped.
Ryan Xu and Sam Lee, the owners of HyperTech and Hyperverse, fled to Dubai earlier this year. In Australia, Blockchain Global investors are attempting to recoup $48.9 million in losses, and they are on the run from them.
As a precursor to HyperTech, Blockchain Global was used by Xu and Lee to launch HyperCapital, HyperFund, and most recently, Hyperverse Ponzi schemes.
Sometime today, Hyperverse’s “corporate presenters” will hold a webinar. It’s not clear if they’ll address Hyperverse’s launch and exit issues.
According to Alexa website traffic estimates, the vast majority of Hyperverse investors are located in the United States.