Bitcoin Rodney Pleads Guilty in $1.8 Billion Crypto Fraud Scheme

Bitcoin Rodney, whose real name is Rodney Burton, has pleaded guilty to running an unlicensed money transmitting business linked to a $1.8 billion cryptocurrency fraud scheme.

The platform in question was HyperFund, which promised investors daily returns until their stakes doubled or tripled.

Burton's operation involved promoting this wire-fraud operation to unsuspecting investors.