The CEO of a collapsed cryptocurrency investment fund, HyperVerse, appears to not actually exist in real life, according to a new report. The fund promised to allow users to invest in cryptocurrency-related projects but closed down without any explanation or warning.
The report, which was published by The Block, suggests that there is little to no evidence of HyperVerse’s CEO, Dr. Evan Sixto, existing in real life. The Block spoke with numerous industry executives familiar with the company and none of them could confirm that Dr. Sixto ever existed.
In addition, The Block was unable to find any evidence of Dr. Sixto on the Internet or any other online record, suggesting that the company and its CEO may have been a front for an unknown entity.
In addition to the mystery behind its CEO, HyperVerse also failed to deliver on its promise to provide a platform for investors to access a portfolio of cryptocurrencies. The company made numerous investments, but there is no evidence of any of them being successful.
The Block’s investigation also uncovered that HyperVerse was registered in the Dominican Republic, with the address of its registered office being that of a virtual office. It is unclear who the ultimate owners of the company are, although there have been reports that it is linked to a Russian-based entrepreneur, Valery Yakubov.
These revelations come at a time when the crypto industry is under increasing scrutiny from regulators. The collapse of HyperVerse serves as a stark reminder that investors need to exercise caution when considering investing in cryptocurrency-related projects.
