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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, 11:49 WIB
Blockonomi
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Bearish
Bitcoin Rodney pleads guilty to $1.8B crypto fraud linked to HyperFund, faces up to 5 years in prison.

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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