US SEC Charges Mastermind Of $1.7 Bln HyperFund Crypto Scheme

In a recent development, the U.S. Securities and Exchange Commission (SEC) has taken decisive action against the suspected orchestrators of the $1.7 billion HyperFund cryptocurrency pyramid scheme. Notably, Xue Lee, also known as Sam Lee, and Brenda Chunga, aka Bitcoin Beautee, find themselves at the center of a legal storm for their involvement in orchestrating a fraudulent venture that preyed on unsuspecting investors seeking high returns.