Is ASIC a complete waste of time?
“The HyperVerse scheme was the subject of multiple consumer warnings from financial authorities around the world, but escaped the attention of regulators in Australia.
“Lee and Xu have been referred to the Australian Securities and Investments Commission (Asic) for potential breaches of the Corporations Act in relation to Blockchain Global, but Asic has said it does not intend to take action at this time.”
#crypto #Hyperverse #BlockchainGlobal #ASIC #Auspol
From: @drrimmer
https://aus.social/@drrimmer/111723653405313167
Matthew Rimmer (@[email protected])
HyperVerse crypto promoter ‘Bitcoin Rodney’ arrested and charged in US https://www.theguardian.com/technology/2024/jan/09/hyperverse-crypto-promoter-bitcoin-rodney-arrested-and-charged-in-us Internal Revenue Service alleges Rodney Burton was part of a network that made ‘fraudulent’ presentations claiming high returns for investors based on crypto-mining operations that did not exist
