A Florida man has pleaded guilty to operating an unlicensed money-transmitting business tied to HyperFund, a crypto investment scheme that U.S. authorities have described as a fraud that collected roughly $1.8 billion from investors.
Summary
- Rodney “Bitcoin Rodney” Burton has pleaded guilty to operating an unlicensed money transmitting business tied to the $1.8 billion HyperFund crypto fraud scheme.
- Federal prosecutors said Burton received at least $7.8 million for promoting HyperFund, which allegedly promised investors daily returns of up to 1%.
- Burton faces up to five years in prison, while separate criminal proceedings against HyperFund co defendants Sam Lee and Brenda…
