"Crypto Ponzi Schemes: Guilty Pleas, Charges, and Settlements Unveiled"
Brenda Chunga, also known as "Bitcoin Beautee," has pleaded guilty to her involvement in the $2 billion HyperFund cryptocurrency Ponzi scheme. Chunga, who made nearly $4 million promoting the scheme on social media, faces up to five years in prison, while her co-founder and another promoter also face charges. This case is part of a broader crackdown on cryptocurrency fraud by American authorities, following actions against major exchanges and other fraudulent schemes.