Florida Man Admits Guilt in Massive $1.8B Crypto Scam

WHO:

NewsBTC - Rodney Burton, known as "Bitcoin Rodney"

Cointelegraph - Rodney “Bitcoin Rodney” Burton

WHAT:

NewsBTC - Rodney Burton has pleaded guilty to a conspiracy charge.

Cointelegraph - The conspiracy charge is connected to the $1.8 billion HyperFund crypto fraud scheme.

Cointelegraph - Burton faces a maximum sentence of five years in federal prison for conspiracy to operate an unlicensed money transmitting business.

WHERE:

NewsBTC - The fraud scheme is associated with HyperFund, which is a crypto-related operation.

WHEN:

Cointelegraph - The maximum sentence could be imposed in the future, but no specific date is provided.

WHY:

Cointelegraph - The charge relates to operating an unlicensed money transmitting business, indicating illegal financial activities.

HOW:

Cointelegraph - Burton promoted the HyperFund scheme, which is part of the broader crypto fraud case.

(UPDATED June 18, 2026 12:12 UTC)

Rodney Burton, widely known as "Bitcoin Rodney," has pleaded guilty to a conspiracy charge linked to the $1.8 billion HyperFund crypto fraud scheme. He faces a maximum sentence of five years in federal prison for conspiracy to operate an unlicensed money transmitting business, although a specific date for sentencing has not been provided. Burton was involved in promoting the HyperFund scheme, which is part of a larger investigation into illegal financial activities within the cryptocurrency sector.