HyperFund Promoter Rodney Burton Charged in $1.8 Billion Crypto Scheme

Earlier with offenses tied to unlicensed money transmission. Reports say authorities arrested him in January 2024 at Miami International Airport while he carried a one-way ticket to the United Arab Emirates. 

A federal judge denied bail after prosecutors argued he posed an extreme flight risk, and Burton has remained in custody. The court has scheduled trial proceedings for March 2026. The court will presume Burton innocent unless prosecutors prove charges beyond a reasonable doubt.

Federal authorities have also linked HyperFund to other brands, including HyperTech, HyperCapital, HyperVerse, and HyperNation. The Justice Department announced criminal charges in January 2024 against co-founder Xue Lee, also known as Sam Lee, and promoter Brenda “Bitcoin Beautee” Chunga, and Chunga pleaded guilty. 

The filed related civil charges the same day and alleged that HyperFund raised more than $1.7 billion worldwide. The SEC said Chunga agreed to settle, while Lee remains at large.

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