Bitcoin Price Today Stable While $1.8B HyperFund Scandal Highlights Costly Risks of Crypto Fraud

While Bitcoin price today relatively stable amid global market consolidation, US authorities are once again sending a strong signal that is the growth of the crypto industry does not mean tolerance for fraud. The latest case against crypto promoter Rodney Burton widely known as “Bitcoin Rodney” is a reminder that not everything labeled crypto has a legitimate foundation.

US federal prosecutors last Friday expanded the charges against Burton related to the $1.8 billion HyperFund scheme, one of the largest alleged crypto frauds in recent years.

From Crypto Influencer to Decades in Prison

In the latest indictment, Burton now faces serious charges of wire fraud, two additional counts of wire fraud, seven counts of money laundering, and operating an unlicensed money transmission business.

If convicted on all charges, Burton faces a maximum sentence of decades in federal prison, a sharp increase from the initial January 2024 indictment, which only involved licensing violations. Burton was arrested at Miami International Airport while attempting a one-way flight to the United Arab Emirates and remains in detention as an extreme refugee risk.

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Timeline of the HyperFund Scheme

• 2014: Lee, Guo, and Xu establish Bitcoin Group in Melbourne.
• 2018 saw the introduction of HyperCapital.
• 2020: HyperCapital is replaced by HyperFund.
• 2021: A number of authorities issue cautions, also in the same year HyperVerse officially launched.
• 2022: After HyperVerse was postponed, HyperNation came next.

Every iteration claims daily earnings of 0.5% to 1%, allegedly from large-scale cryptocurrency mining that doesn’t exist. The withdrawal is blocked and the money is lost at the conclusion of each iteration.

Old Pattern Behind the New Scheme

The documents indicate that HyperFund, also known as HyperVerse, operated from 2020 to 2024, promising daily returns of 0.5% to 1%, purportedly derived from a large-scale crypto mining operation.

However, prosecutors stated that such an operation never existed. Since 2021, investors have been restricted from withdrawing funds, while the collected funds are allegedly used to purchase luxury condominiums, sports cars, and even yachts.

This scheme highlights the fundamental difference between transparent Bitcoin investments and crypto investment products with promises of fixed returns, which are often the hallmark of scams.

Not Pressure, But Market Clarification

Interestingly, this case has not significantly depressed the Bitcoin price today. This reflects a crucial shift that the market is increasingly able to distinguish Bitcoin as an asset from illegal crypto projects that use its name as a promotional tool.

Amid institutional adoption, Bitcoin ETFs, and discussions about global monetary policy, the HyperFund case reinforces the narrative that Bitcoin is increasingly separating itself from the extreme speculative practices prevalent in previous cycles.

Also read: Bitcoin Price Today Holds in the US$90,000 Area, Bitcoin’s Stability Tested by Fed Policy and Index Re-evaluations – Price in UK

Tightening Regulations, Bitcoin Price Today Are More Mature Today

The Burton case also highlights the increasingly aggressive approach of US regulators toward problematic crypto promoters, including public figures and influencers. Burton is known to have hosted major crypto events in Miami and appeared alongside numerous celebrities, creating an illusion of legitimacy that is now under scrutiny by the lead prosecutor.

While Burton claims he was also a victim of his co-promoter’s manipulation, the legal process is ongoing. A trial is scheduled for March of next year, with one co-promoter having pleaded guilty and another still at large.

Bitcoin Strengthens as Scams Weeded Out

For investors, the key message is clear that is enforcement against illegal schemes strengthens the foundations of the crypto market. As problematic projects are weeded out, the Bitcoin price today tends to reflect fundamental strength not false hype.

This environment aligns with a market direction that is now more influenced by Fed policy, global liquidity, and participating institutions, rather than promises of instant profits.

What Should Investors Do Now?

Use this momentum to distinguish Bitcoin as an asset from high-risk cryptocurrencies. Monitor Bitcoin price today, regulatory policies, and the global macro narrative not promises of fixed returns. In a maturing market, discipline and understanding are the most valuable assets before making investment decisions.

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Ludea Sindy

Ludea Sindy covers NYT Connections, Word Games, Gold Price and Bitcoin updates for PriceInUK.com, delivering daily solutions and market insights. Ludea writes daily puzzle guides and market updates for PriceInUK.com, specializing in two distinct formats: NYT Connections / Word Games and Financial Markets including Gold Price and Bitcoin. For puzzle readers, she provides clear solutions, clue logic, and pattern reasoning for NYT Connections, Wordle, and other daily games. Her approach helps readers understand the puzzle, not just finish it — making her articles popular among players who want both hints and explanations. On the financial side, Ludea tracks gold price movements, Bitcoin trends, and market sentiment. Her reports highlight key indicators, multi-day pricing behavior, support and resistance levels, and macroeconomic context affecting metals and crypto trading. Her writing combines accuracy, clarity, and helpful insights, offering value for both puzzle enthusiasts and market watchers.