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Florida man pleads guilty to running unlicensed money service linked to $1.8B HyperFund crypto fraud

Market News
18 Jun 2026, 09:50 WIB
Crypto news
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Bearish
Florida man pleads guilty to running unlicensed money service linked to $1.8B HyperFund crypto fraud

Rodney "Bitcoin Rodney" Burton pleaded guilty to operating an unlicensed money-transmitting business connected to the $1.8 billion HyperFund crypto fraud scheme. Prosecutors said Burton earned at least $7.8 million promoting HyperFund, which falsely promised investors daily returns up to 1%. Burton faces up to five years in prison, with sentencing set for July 23. Other defendants, including HyperFund co-founder Sam Lee and Brenda Chunga, remain under criminal investigation as authorities continue to unravel the global fraud operation.

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