Rodney Burton, better known as "Bitcoin Rodney," has been taken into custody in Florida on charges of running an unlicensed money transmitting business. This business is allegedly tied to the HyperVerse cryptocurrency investment scam.

HyperVerse was promoted as a decentralized finance platform that offered daily rewards from cryptocurrency mining operations. However, it is alleged that there were no actual mining operations to back up these promised returns. It is also claimed that Burton received over $7.8 million from investors, some of which was received after the scheme started blocking withdrawals - a classic sign of a Ponzi scheme.

This arrest is the first legal action taken against individuals involved in the HyperVerse. Burton's social media presence showcased his opulent lifestyle, ostensibly funded through his involvement in HyperVerse. His accounts were filled with images of extravagant purchases and associations with other promoters of the scheme.