π**Big News Alert!** π’ Australia’s Security Regulator Under Fire for Not Warning Citizens About HyperVerse Crypto Scheme! π¦πΊπ₯
π Australia’s Assistant Treasurer, Stephen Jones, is on a mission to find out why the country’s securities regulator **Overlooked** the potential risks of the HyperVerse crypto scheme. π€ **Recent report by The Guardian reveals Jones will grill the Australian Securities and Investment Commission (ASIC)** for not alerting consumers like other regulators worldwide. π
π’ Despite warnings and labels as a **Possible Scam and Pyramid Scheme** by foreign authorities, the HyperVerse scheme managed to slip past Aussie regulators, leading to significant global losses. π Countries such as New Zealand, Hungary, Germany, Canada, and the UK had issued warnings back in 2021 – yet our local watchdogs stayed silent. π€«
π΄ Jones slammed the scheme for **Duping** people into investing in worthless products, resulting in major losses for many individuals. πΈπ
π¬ **Jones explains:** “These schemes lure innocent investors into putting money into products that might not even exist, relying solely on cash from new participants.” π
β οΈ Although puzzled by the lack of warnings, Jones expects such operations to be flagged to protect consumers. π© Stay tuned for more updates on the unfolding investigation! ππ