Article #48666

When Guardian Australia senior reporter Sarah Martin heard a friend’s hairdresser had invested in a cryptocurrency scheme called HyperVerse and potentially lost all her money, she decided to investigate. She soon found many more members of the scheme, in Australia and around the world. A person in the UK had lost £1m from the sale of his home that he’d put into HyperVerse; an Australian who had recruited his mates lost $100,000 – and lost his friendships too.

In this short documentary, interviews with former HyperVerse participants are woven through Sarah’s recounting of the rabbit hole she fell down as she investigated the scheme, how it worked, and tried to find out who was responsible for it all.

• ‘They are so convincing’: Vera Gazzard lost her life savings to HyperVerse

• Investors lose millions as crypto schemes operate unchecked in Australia