$HYPE
HYPEUSDT
Perp
29.63
+1.29%
The Maryland Federal Prosecutor's Office has released a supplemental indictment, and the cryptocurrency promoter known as "Bitcoin Rodney," Rodney Burton, is facing 11 federal charges for allegedly promoting the HyperFund cryptocurrency scam, which amounts to $1.8 billion. The charges include conspiracy to commit telecommunications fraud, 7 counts of money laundering, and operating an unlicensed money transfer business. If convicted, he could face a maximum sentence of 20 years in federal prison. Burton promoted the project from June 2020 to May 2024, using the funds to purchase luxury homes and yachts.