New Delhi : Following the measures taken by financial regulators such as the US Security and Exchange Commission (SEC) and the UK’s Financial Conduct Authority (FCA), Indian regulators and enforcement authorities have started monitoring investment in Hyper Fund- a Decentralised Finance (DEFI) offering through blockchain technology by HyperTech Group. An advisory from Indian regulators and authorities is expected soon followed by further actions to save people from Ponzi schemes like Hyper Fund.

Hyper Fund, a DEFI by Hyper Tech Group led by Ryan Xu has come under the radar of the US and UK regulators recently. The Group claims to have launched the Hyper Fund to provide a decentralized financial infrastructure. HyperFund was announced in mid-2020. It is essentially Xu and HyperTech’s migration to DEFI. However, with the Multi-Level Marketing (MLM) model Hyper Fund has been luring investors with higher returns and such offerings, a common practice…

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