Hyperverse’s exit-scam continues through GNX tokens
On January 21st Hyperverse announced a partnership with Genaro Network.
Who is Genaro Network?
Some blockchain bro data company nobody’s heard of.
As per an accompanying press-release;
Through this cooperation, both parties will work together to establish metaverse WEB3.0. In the construction of metaverse, decentralized blockchain cloud storage is an integral part of it.
Genaro Network will provide HyperVerse with decentralized encrypted storage service, and furnish users with efficient and safe storage of massive data.
I figured this might be due to Hyperverse being unable to use regular cloud providers because, y’know… the whole Ponzi thing.
Anyway I didn’t report on it because it seemed mostly a logistical announcement with little relevance.
Turns out the actual reason behind the partnership is much more sinister.
As per a communication sent out to investors in the last 24 hours, Hyperverse advised;
Dear users,
As Hyperverse and Genaro Network has reached the strategic partnership to jointly build our metaverse.
GNX tokens have gone online in the Hyperverse and are available to exchange using HU tokens for all members of the community.
Hyperverse’s Genaro Network partnership is just an excuse to launch yet another exit-scam shitcoin.
GNX token looks set to be a punishment coin, dumped on Hyperverse investors who don’t recruit or reinvest.
The development of Hyperverse requires all users to jointly participate and perform their respective duties.
Users who haven’t driven the development of the Hyperverse market still provide underlying support for the Hyperverse ecosystem.
For this reason, users who only make underlying storage contributions for Hyperverse ecology can only exchange GNX.
And if being forced to accept payment in a new shitcoin limited to Hyperverse Ponzi bagholders desperate to cash out wasn’t bad enough, it gets worse…
Genaro Network needs to update and upgrade its network.
The withdrawal service of GNX is temporarily unavailable and is expected to be restored in mid-February.
There you have it. Exactly what this Genaro Network partnership is all about.
The GNX token is the fifth shitcoin attached to the Hyperverse Ponzi scheme. It follows HyperCash, HU, MOF and HVT.
If you’re wondering why Genaro Network has hitched its wagon to a Ponzi scheme, here’s why:
After doing the shitcoin pump back in 2019, GNX dumped to between 1 to 2 cents.
As Hyperverse inches closer to total collapse, other recent withdrawal restrictions include bitcoin bonus pools and locking accounts.
Hyperverse’s bitcoin bonus pools were introduced a few weeks ago. They effectively allow Hyperverse to slash ROI withdrawal liability, by paying investors a fraction of HVT’s public trading value.
With respect to locking accounts, Hyperverse is suspending any investor account it deems is “abnormal”.
Dear User,
Risk notification of the account.
Your account asset consists of abnormality! HyperVerse has stopped your payment of bonus income and restricted temporarily the transfer and withdrawal, with a risk of number theft there may be.
Please finish the identity authentication as soon as possible to resume your normal capital transaction and guarantee fund security.
This stops both withdrawals and daily monopoly money ROI accrual in the backoffice.
Hyperverse owners Ryan Xu and Sam Lee fled to Dubai last year. They are on the run from liquidators in Australia and haven’t been seen in months.
Update 27th February 2022 – We’re coming up to the end of February and as I understand it, GNX token withdrawals are still disabled.
You should Look on the 1M timeframe with Mof, there you see the slow rug pull.
You marked the 1/1000 split… This was strange but not the Problem, I think they wanted to reach the “doge-Effect” where people don’t See the dependancy between cheapness and circulating amount…
With Mof I often See people believing mof going again to 2usd and higher which would mean 1000x.
Oh Yeah mof market cap is like 170k USD so basically not existent… Mof has been blooded out and is almost dead.
Oh man this is hilarious. Now we’re at the punishment phase.
These guys reaaaally are trying hard to recruit victims and extend that exit as long as possible.
They are trying to extract every last scamming penny they can out of their victims.
Such low life, but hey, they are professional criminals and conmen, what should we expect?
@Crypto Boy
MOF’s 1M chart is what you’d expect after Hyperverse collapsed.
Xu and Lee don’t need to rug pull, they already have everyone’s money. Now it’s just come up with ways to slow/stop withdrawals.
Hyperverse is pure scam. I have been member of this scam platform for some time now. All they do is keep on Introducing new coin to withdraw and ultimately increasing to extreme rate at which we can not withdraw and thus stuck with option of rebuy.
The withdraw fee of MOF TRC 20 was 4000 ie 20 dollar but now it has reached to 60 dollar with in 2 months of introducing MOF TRC 20 network.
So any one who is reading this do not invest in hyperverse.
BehindMLM, thank you for the great job you do every day. Unfortunately, as long as there are people who have no ethics who don’t care if other people’s hard-earned money is repaid their earnings, this ponzi shit will never cease to exist.
The estimated end of the whole thing is approximately 5 years. We’re in the 2nd year. If you get in now you have time to eat.
Lulz.
HyperCapital lasted less than 2 years. It officially collapsed when HyperFund was launched, but HC had collapsed way before that.
HyperFund lasted 7 months.
Hyperverse launched into withdrawal problems and continues to restrict withdrawals. We’re not even 2 months in.
Hyperverse has already collapsed, but because blockchain will limp along till the final rug pull (same HC play).
Shill harder scammers.
Thats the second most retarded thing i’ve read today, and thats saying a lot.
Hello, I have invested in Hyperfund and the past months have been hell, big changes all the time non justify and now the latest is that since nearly 20 days we cannot withdraw.
you are obliged to convert only in GNX and then following the process you are stocked.
I strongly recommend to do not investing in this scam.
Article updated to reflect GNX token withdrawals are still disabled.
Its collapsing fast. Even VIP5 members with large downlines from south africa are unable to withdraw now.
My heart bleeds for them. It truly doesn’t.
Hope springs eternal amongst the Ponzi scammed.
Yeah, looks like they upped the rewards to 4x now lol Just a matter of time IMHO.
I am in the HV and am trying to withdraw from rewards that have been built up over the last 12 months.
I keep on getting this message “The certification audit is in progress. Wait patiently”.
Well I have no choice but to wait, however based on what I have read on here, I think this wait may be forever…
Mof trc20 and hvt are withdrawable at present or not.
Hyperverse withdrawals have been disabled since late 2021.
Hyperverse is in the process of being done away with.
They’re now changing to HYPERNATION. I think the whole idea is to make sure people never get their money back. I’ve virtually given up on mine. They keep changing tokens so that you can’t withdraw.
Kalpesh Patel swore by Lee and Ryan that they were the best thing to happen in his life. I truly believed it. But the truth has to be accepted now.
It’s an evolving scam, one more destructive than Covid-19. Please warn Naïve friends and family.
@Tommy:
Hyper**** has been adding new suffixes to “Hyper” for months, now. Each new name dies quicker than the one before. Sorry for your loss, but you might as well accept that your money is gone.
Scammers very often use the “I just met these great guys” story. They’ll talk at length about how thoroughly they vetted them to make sure they’re legit, yada yada. It’s all bullshit. Scammers know how to tell convincing lies with a straight face.
Never fall for an investment scheme that offers X percent per day, week, or month. They’re all scams, every one.
I am waiting for the launch of “HyperActive,” the MLM for suckers who can’t wait to lose their money to scammers! LMAO…