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Rodney Burton Faces 11 Federal Charges in $1.8B HyperFund Crypto Scam

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Rodney Burton, dubbed 'Bitcoin Rodney,' faces 11 federal charges tied to the $1.8B HyperFund crypto scam, including wire fraud and money laundering. He allegedly spent investor funds on luxury assets from 2020 to 2024. Brenda Chunga has pleaded guilty, while co-founder Sam Lee remains fugitive. The case highlights regulatory scrutiny in liquidity and crypto markets. As EU Markets in Crypto-Assets Regulation tightens, such schemes face greater exposure.
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