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Crypto Alert: HyperFund Founder Rodney Burton Indicted in $1.8B Fraud Case - CoinNews.live

Crypto Alert: HyperFund Founder Rodney Burton Indicted in $1.8B Fraud Case

Mohit Singh

Updated on:

hyperfund scam news

Rodney “Bitcoin Rodney” Burton made headlines for all the wrong reasons this week, and the story reads like a crypto cautionary tale you can’t ignore. The 56-year-old promoter behind HyperFund, a platform that promised huge crypto returns, is now facing a $1.8 billion fraud indictment.

Here’s what’s going on, and why every crypto investor should pay attention.


HyperFund: From Hype to Headlines

HyperFund marketed itself as the next big thing in crypto. Memberships promised daily returns of 0.5%–1%, suggesting investors could double or even triple their contributions over time. The platform claimed all this was powered by massive cryptocurrency mining operations.

Sounds familiar, right? Big promises. Flashy graphics. Guaranteed profits.

But prosecutors say it was all smoke and mirrors. The mining operations allegedly didn’t exist, and by 2021, investors found they couldn’t even withdraw their funds. Meanwhile, Burton allegedly used investor money to buy luxury condos, sports cars, and a yacht.


The Legal Fallout

On December 12, 2025, the U.S. Attorney’s Office in Maryland filed a superseding indictment against Burton, covering:

  • Conspiracy to commit wire fraud
  • Two counts of wire fraud
  • Seven counts of money laundering
  • Operating an unlicensed money transmitting business

The stakes are high. If convicted, Burton could face decades in prison; up to 20 years for wire fraud counts, 10 years for each money laundering charge, and five years for the unlicensed money transmitting charge.


Lessons for Crypto Investors

Here’s the takeaway: flashy returns and promises of guaranteed profits are red flags in crypto. HyperFund’s saga shows what happens when hype outpaces reality.

  • Check the source of returns. HyperFund claimed massive mining operations that never existed.
  • Beware of restricted withdrawals. If you can’t access your funds, it’s a huge warning sign.
  • Watch where the money goes. Prosecutors allege Burton spent investor funds on luxury items.

Bottom Line

HyperFund is a classic case of crypto gone wrong. For investors, it’s a reminder that due diligence isn’t optional. High-yield promises often come with high risk, and in this case, the risk was criminal.

Rodney Burton’s indictment isn’t just news, it’s a warning for anyone chasing quick gains in crypto.

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