Fact #27 NumbersMoney

1% a daythe top daily reward promised by a crypto pyramid with no other revenue, says the SEC

HyperFund allegedly promised investors 0.5% to 1% a day in passive rewards from crypto mining, while the SEC alleges its only revenue was money from investors.

The Justice Department puts the scheme at approximately $1.89 billion, from June 2020 to November 2022. One promoter has been sentenced and another has pleaded guilty; the alleged co-founder's case is pending and his charge is an allegation.

Post it XBlueskyThreadsLinkedInFacebook Copy text Image Square image

Source: US Securities and Exchange Commission · US Department of Justice, Criminal Division. Read more: ponzi and hyip · case file

Read the full page

• Ponzi schemes and high-yield investment programmes: how it works
• The case file behind this fact

Sources

1. SEC Charges Founder of $1.7 Billion "HyperFund" Crypto Pyramid Scheme and Top Promoter with Fraud. US Securities and Exchange Commission. Accessed 2026-09-06. Supports: The 29 January 2024 charges, the $1.7bn raised, the membership packages, the claimed mining and Fortune 500 association, and the finding that there was no revenue other than investor funds.
2. HyperFund and Associated Cases. US Department of Justice, Criminal Division. Accessed 2026-09-06. Supports: The $1.89bn figure, the June 2020 to November 2022 period, the 0.5–1% daily rewards, each defendant's charges and status, Chunga's guilty plea, Burton's 23 July 2026 sentence and the presumption of innocence.