Significant developments are unfolding in a case handled by the United States securities regulator. Accordingly, at least two individuals were behind a fraud scheme involving a cryptocurrency worth $1.7 billion, which once promised investors listing plans on the Hong Kong stock exchange and even hired an actor to play the firm’s CEO in advertisements. In a complaint newly filed by the Securities and Exchange Commission, the regulatory body accused Xue Lee and Brenda Chung of being involved in a scheme operating under various names such as HyperFund, HyperVerse, and HyperTech on January 29.