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DOJ Charges ’Bitcoin Rodney’ in $7.8M HyperFund Crypto Scam

DOJ Charges ’Bitcoin Rodney’ in $7.8M HyperFund Crypto Scam

Published:
2025-12-14 14:33:02
17
2
BTCCSquare news:

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.

|Square

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