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Bitcoin Rodney pleads guilty to $1.8B crypto fraud linked to HyperFund, faces up to 5 years in prison.

Market News
18 Jun 2026
Blockonomi
View Source
Bearish
pluang ai news

Rodney Burton, known as Bitcoin Rodney, admitted guilt in federal court for running an illegal money transmission business tied to the $1.8 billion HyperFund crypto fraud. The scheme promised daily profits of 0.5% to 1% through fake cryptocurrency mining and shut down in November 2022 after blocking withdrawals. Burton earned over $7.8 million and used celebrity endorsements to attract investors. He faces up to five years in prison with sentencing set for July 23, highlighting ongoing regulatory risks in crypto marketing.

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