DOJ Charges ’Bitcoin Rodney’ in $7.8M HyperFund Crypto Scam
Rodney Burton, the promoter known as 'Bitcoin Rodney,' faces federal wire fraud and money laundering charges for allegedly promoting HyperFund—a crypto investment scheme prosecutors call a Ponzi. Between 2020 and 2022, Burton reportedly siphoned $7.8 million from investors under false promises of returns.
The HyperFund project, later rebranded as HyperVerse, allegedly operated by recycling new investor deposits to pay earlier participants. The DOJ's indictment marks a tightening noose around unregulated crypto ventures exploiting retail investors.