News Explorer — 'Bitcoin Rodney' Pleads Guilty to Role in $1.8 Billion Crypto Fraud Scheme

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Jun 17, 3:37 pm

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'Bitcoin Rodney' Pleads Guilty to Role in $1.8 Billion Crypto Fraud Scheme

"Bitcoin Rodney," also known as Rodney Burton, pleaded guilty to running an unlicensed money transmitting business linked to a $1.8 billion cryptocurrency fraud scheme. He promoted HyperFund, a platform that turned out to be a wire-fraud operation, promising daily returns to investors until their stakes doubled or tripled.

"Bitcoin Rodney," also known as Rodney Burton, pleaded guilty to running an unlicensed money transmitting business linked to a $1.8 billion cryptocurrency fraud scheme. He promoted HyperFund, a platform that turned out to be a wire-fraud operation, promising daily returns to investors until their stakes doubled or tripled.

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