Brenda Chunga, known as 'Bitcoin Beautee,' has admitted guilt to federal wire fraud charges.

She was involved in a $1.89 billion cryptocurrency scheme via HyperFund, promising daily returns.

Co-conspirators Sam Lee and Rodney Burton have been indicted in the scheme.

The general cryptocurrency market suffered a blow with a significant downturn in June 2022, partly due to the collapse of major lender Celsius.

This case underscores the DOJ's intensified actions against deceptive cryptocurrency practices.

Affected investors are urged to reach out to the DOJ's Fraud Section’s Victim Witness Unit for support.