HyperVerse's collapse caused an estimated $1.3 billion in customer losses.

Now that is how you run a proper scam.

Take notes, kids!

  • jet@hackertalks.comEnglish
    35·
    10 months ago

    The only thing that could make this better is if he was completely AI generated: image, and Voice, everything.

  • Perilous@lemmynsfw.comEnglish
    28·
    10 months ago

    I have to admit, I kind of admire the ballsiness of this scam. It’s a mish mash of Madoff, crypto grifters and holo live in an unholy pursuit of insane wealth.

    • Illecors@lemmy.cafeOPMEnglish
      6·
      10 months ago

      CEO? No, I think the officer part requires a human being. But legal entities can own other legal entities. Not sure how deep one can make the rabbit hole go, though.

      • Overzeetop@sopuli.xyzEnglish
        3·
        10 months ago

        This is why (well, one reason) we need corporate taxes to be gross receipts. Layers of shell companies would still be legal, but every layer re-applies tax to every dollar transferred between entities. Want corporate protections? Pay for every layer.

  • ArtieShaw@kbin.social
    12·
    10 months ago

    This is delightful. The whole thing is worth a read, but I want to leave this here.

    In 2022, a writer… attempted to raise a red flag, noting that all three of the celebrities (Wozniak, Chuck Norris, and Lance Bass) who endorsed Reece Lewis declined to confirm ever knowing him

  • Transporter Room 3English
    8·
    10 months ago

    Wait, did we finally track down Andy Dufresne’s “silent silent partner”?

  • thesmokingman@programming.devEnglish
    41·
    10 months ago

    Chainalysis consumer losses in 2022 were estimated to exceed $1.3 billion. Thousands of consumers lost millions, The Guardian reported.

    These two statements are problematic. If thousands (plural) lost millions (plural), the smallest number of consumers would be 2000 and the smallest amount of money be 2000000. This means, at a minimum, consumers would have lost at least 4000000000 (4bil is 2000 2mils). If thousands lost millions, we can say total losses exceed 1.3bil. If total losses exceed 1.3bil, we cannot necessarily say thousands lost millions as, at most, that figure supports 650 people losing a maximum of 2mil.