CryptoWorld News reports that, according to the U.S. Department of Justice, Miami-based crypto promoter Rodney Burton (“Bitcoin Rodney”) has pleaded guilty to his involvement in the Hyperfund crypto scam case, admitting to conspiracy to operate an unlicensed remittance business. Prosecutors said that Hyperfund used a fictitious crypto mining operation as a cover, promising members passive returns of 0.5% to 1% per day, with the case involving total proceeds of $1.8 billion. Burton admitted to transferring Hyperfund investors’ funds through entities disguised as consulting firms and profiting from it by at least $7.85 million. He was arrested at Miami Airport in January 2024, was then determined to present a high risk of flight, and has been detained ever since. He faces up to 5 years in prison, and sentencing is scheduled for July 23.