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When Is a Ponzi a Ponzi?

U.S. authorities indicted the operators of HyperVerse, an alleged $1.8 billion “Ponzi scheme.” There’s a fine line between a “fraudulent investment scheme” and many crypto projects, it seems.

Updated Jun 14, 2024, 7:29 p.m. Published Jan 30, 2024, 7:21 p.m.
HyperVerse's promoters paid an actor to pose as CEO, according to court documents. (HyperVerse on YouTube)
HyperVerse's promoters paid an actor to pose as CEO, according to court documents. (HyperVerse on YouTube)