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HyperVerse was a metaverse investment scheme.
  • "Steven Reece Lewis" had an impressive CV, which may have attracted investors to a crypto scheme.
  • However, there is no record of Lewis ever existing, The Guardian reported.
  • Investors put an estimated $1.3 billion into the now-collapsed HyperVerse scheme.

The man presented as the CEO of a now-collapsed crypto fund appears to be a complete fabrication, according to an investigation by The Guardian.

HyperVerse was an Australian metaverse investment scheme that thousands of investors put as much as $1.3 billion into in 2022, according to estimates from blockchain analysts Chainalysis reported by the outlet.