US Authorities Arrest "Bitcoin Rodney" for Allegedly Defrauding $7M in Crypto Investment Scheme
Rodney Burton, also known as "Bitcoin Rodney," has been arrested and charged by U.S. authorities for allegedly defrauding over $7 million through a fake investment scheme called HyperVerse. The scheme was promoted by a network of HyperFund promoters who made fraudulent presentations to investors, falsely claiming that investors who purchased memberships would receive daily passive rewards. Burton received over $7 million from individuals through 562 wire transfers or cashier's checks. The HyperVerse crypto scheme resulted in thousands of people losing millions of dollars, and Australia's Assistant Treasurer and Minister for Financial Services will ask the country's Securities and Investments Commission why it didn't warn consumers about the scheme.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
New spot margin trading pair — HOLO/USDT!
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn
- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.
OPEN has dropped by 189.51% within 24 hours during a significant market pullback
- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.
New spot margin trading pair — LINEA/USDT!
Trending news
MoreCrypto prices
More
