Bitcoin Rodney Pleads Guilty in $1.8B HyperFund Fraud as BTC Drops to $64K

On June 18, 2026, Rodney Burton, known as Bitcoin Rodney, formally admitted guilt in Baltimore federal court to conspiracy charges tied to the $1.8 billion HyperFund crypto fraud. The plea resolves allegations that Burton promoted the scheme from June 2020 to January 2022, promising nonexistent 0.5-1% daily mining returns while laundering funds and personally receiving at least $7.85 million. Sentencing is set for July 23 with a maximum five-year term. The development coincides with BTC falling 1.8% overnight to around $64,000, amplifying negative sentiment toward crypto investment schemes amid heightened regulatory scrutiny.