Sam Lee HyperFund Chairman’s Crypto Company Collapses

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Hello my friends and welcome to my Sam Lee HyperFund update. You might be here because you know about HyperFund of might be thinking about joining them. Well, there are some important news you need to know. Seems like things are getting out of control for the HyperFund Scam. Besides HyperFund having multiple fraud warnings already going on this are the latest news.

Sam Lee HyperFund Fraud

sam lee hyperfund scam

So Sam Lee, which is the chairman of Hyperfund and this other guy Ryan Xu which is the founder had a company that was feeding revenue to HyperFund. But it just collapsed a few days ago. This was the company BlockChain Global. They also have the following companies that seem to be feeding their guaranteed returns. These are:

  • Collinstar Capital
  • Blockchain Centre
  • HCash Foundation

Note that Xu and Lee are also the founders of Blockchain Centre. So what did really happened to BlockChain Global? I’ve been doing a few blog posts and some Youtube videos about HyperFund. But I just came across this article from Financial Review. They are an Australian news outlet that wrote a great article about this topic.

Sam Lee HyperFund $21 Behind

They tell us on this article that pretty much the developer of the failed ACX Crypto Coin, which is BlockChain Global has entered voluntary administration owing $21 million to creditors. Also that the former CEO is looking to get away from it pretty much.

They promoted ACX as Australia’s most liquid and largest exchange before it massive collapse. The Supreme Court froze $12 million regarding a dispute between the old and new operators.

So, Sam Lee said that he stepped down as the director back in Mach of 2019. But he still has ownership of the brand. But here is the real problem. The reality is that Sam Lee’s Blockchain Global owes creditors an spectacular amount of $21 million.

Sam Lee’s Blockchain Global owes creditors $21 million which is massive.

What Is Next With HyperFund?

So here is something to thing about. As I mentioned before, BlockChain Global is one of the companies suppling cash to HyperFund… Or at least that’s what they say. But seems like HyperFund is not having any issues at all, even though this massive bombshell is happening as we speak. So what does this means? This means that new HyperFund members are the ones paying existing members.

But if you are a HyperFund member you might not even know that this is going on. I guess they don’t really need to tell anybody. Just remember that the fact that these scams pay you at first doesn’t mean that they are operating legally. In fact, HyperFund has been breaking the law since day one. Since they don’t have any registrations with any financial regulators. Specially the SEC in the US.

In my opinion the last days for this Ponzi scam are just around the corner, considering that they already have multiple fraud warnings from Germany, UK and other countries. This HyperFund Germany post with show you.So don’t be surprised if all the sudden you lose it all. You have been warned.

Learn How To Trade Crypto

Don’t get me wrong… There is nothing wrong with investing in Crypto, in fact I hold a good amount of crypto tokens. The problem is really with these types of scams. There is a huge difference from buying a legit coin than investing in these fake companies. If you want to learn how to trade crypto, I recommend trying the Crypto Ultimatum training course for a super affordable price. Try it out. If you don’t like if for some reason you can get your money back. But I doubt you will. It will show you how to do it the right way. By the way, HERE is the latest Ponzi I reviewed in case you run into it!

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