Guardian Australia senior reporter Sarah Martin stumbled upon a story when she heard a friend's hairdresser had invested in a cryptocurrency scheme called HyperVerse and potentially lost all her money. This led her down a rabbit hole of investigation, uncovering many more victims in Australia and around the world.
The Scale of the Losses
A person in the United Kingdom lost £1 million from the sale of his home, which he had invested entirely in HyperVerse. An Australian who recruited his own friends lost $100,000, and along with it, those friendships. The documentary weaves interviews with former HyperVerse participants through Martin's recounting of how the scheme worked and her search for those responsible.
Investor Stories
Vera Gazzard, a former participant, said, "They are so convincing." She lost her life savings to the scheme. The documentary highlights how such schemes operate unchecked in Australia, leaving investors with little recourse.
The film explores the mechanics of HyperVerse, a crypto scheme that promised high returns but instead cost investors millions. Martin's investigation reveals the human cost behind the headlines, featuring individuals who lost everything.
For more on this topic, explore our coverage of HyperVerse and cryptocurrencies.
