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đ¨ Crypto Scam Bust: âBitcoin Rodneyâ Faces Heavy Federal Charges
Rodney Burton â better known online as âBitcoin Rodneyâ â has been hit with an expanded U.S. federal indictment over his role promoting the $1.8 billion HyperFund/HyperVerse crypto scheme. Prosecutors allege the platform promised unrealistic daily returns and blocked withdrawals while actually using investor funds for luxury purchases (condos, cars, yacht).
He now faces 11 charges including wire fraud, money laundering, and operating an unlicensed money transmission business, with potential decades in prison if convicted. Burton was arrested in January 2024 and remains in custody; his trial is set for March 2026.
Key Points
đź Scheme: HyperFund/HyperVerse marketed huge passive returns that allegedly had no real mining backing.
âď¸ Charges: Wire fraud conspiracy, multiple fraud counts, money laundering, unlicensed transmission.
đď¸ Penalty: Up to ~20 years or more per charge if convicted.
đď¸ Status: Trial scheduled for March 2026.
#Crypto_Scam
Rodney Burton â better known online as âBitcoin Rodneyâ â has been hit with an expanded U.S. federal indictment over his role promoting the $1.8 billion HyperFund/HyperVerse crypto scheme. Prosecutors allege the platform promised unrealistic daily returns and blocked withdrawals while actually using investor funds for luxury purchases (condos, cars, yacht).
He now faces 11 charges including wire fraud, money laundering, and operating an unlicensed money transmission business, with potential decades in prison if convicted. Burton was arrested in January 2024 and remains in custody; his trial is set for March 2026.
Key Points
đź Scheme: HyperFund/HyperVerse marketed huge passive returns that allegedly had no real mining backing.
âď¸ Charges: Wire fraud conspiracy, multiple fraud counts, money laundering, unlicensed transmission.
đď¸ Penalty: Up to ~20 years or more per charge if convicted.
đď¸ Status: Trial scheduled for March 2026.
#Crypto_Scam
Who is responsible for the market being like this? I think it's Donald Trump, let me know what you think.
#Crypto_Scam
#Crypto_Scam
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