Senator Andrew Bragg & Sarah Court ASIC: Call Scam

Welcome back, Crypto Warriors, to another eye-opening session on "The Crypto Ponzi Scheme Avenger"! I'm your host, Danny de Hek, aka The Crypto Ponzi Scheme Avenger, and today, we're delving deep into the murky waters of government proceedings to uncover the shocking truth behind some notorious crypto schemes.

In this live session, we'll be dissecting the official recording of Senate Committee Proceedings from the Australian Parliament, featuring LP Senator Andrew Bragg from New South Wales and Sarah Court from the Australian Securities and Investments Commission (ASIC).

Our focus will be on two prominent entities: Blockchain Global and Hypertech Group, both of which have left a trail of devastation in their wake, leaving investors high and dry.

First up, Blockchain Global - a crypto exchange that operated without a license and eventually crumbled into voluntary administration in October 2021, leaving creditors reeling with a staggering $58 million debt. We'll dive into the details of how this exchange managed to slip through the regulatory cracks and wreak havoc on unsuspecting investors.

But that's not all - brace yourselves for the revelations about Hypertech Group, a separate entity accused of running a crypto pyramid scheme known as the Hyperverse group. With allegations of scamming investors swirling around them, we'll uncover the intricate web of deceit spun by this fraudulent enterprise.

Senator Bragg doesn't hold back as he grills Sarah Court on ASIC's actions (or lack thereof) against these unscrupulous directors. Why haven't they taken decisive steps to hold them accountable? What does the liquidator's report from October 2023 reveal about the fate of these schemes?

We'll also explore ASIC's response, or lack thereof, to warn investors about the dangers lurking within the crypto landscape, especially concerning entities like Hypertech Group. Are they doing enough to protect the public from falling victim to similar scams?

Join me as we unravel the truth behind these crypto scandals and shed light on the shadowy underbelly of the digital asset world. Together, we'll arm ourselves with knowledge and empower others to steer clear of Ponzi schemes and crypto scams. Don't miss this crucial discussion - tune in now and become a Crypto Ponzi Scheme Avenger!