Woofun AI reports that Rodney 'Bitcoin Rodney' Burton, a Miami-based cryptocurrency promoter, has formally admitted in federal court to his role in the $1.8 billion HyperFund fraud scheme. Operating between 2020 and 2022, the illicit operation involved a conspiracy to provide unlicensed remittance services while misleading investors through entities disguised as consulting firms but functioning as payment channels. The United States Attorney’s Office for Maryland disclosed that Burton personally profited by at least $7,851,711 from these activities. He now faces a maximum penalty of five years in federal prison, with sentencing scheduled before U.S. District Judge Richard D. Bennett on July 23.

The prosecution detailed how HyperFund’s marketing materials promised passive daily returns of 0.5% to 1% until initial investments doubled or tripled, falsely attributing these payouts to large-scale Bitcoin mining operations that never existed. As the scheme unraveled, the platform froze withdrawal functions in 2021, trapping investor capital. This admission marks a significant legal development in the ongoing dismantling of fraudulent crypto investment vehicles.