Brenda Chunga
A top U.S. promoter of HyperFund (aka 'Bitcoin Beautee'). The DOJ said she earned over $3.7M from the ~$1.89B pyramid scheme; she pleaded guilty in January 2024 to conspiracy to commit securities fraud and wire fraud and settled parallel SEC charges.
Also known as: Bitcoin Beautee, Brenda Indah Chunga
Bio
Brenda Chunga, known online as "Bitcoin Beautee," was one of HyperFund's most prominent U.S. promoters, publicly touting its "memberships" and "passive rewards." The SEC said she received more than $3.7 million from the scheme. [1][2]
Legal outcome
Chunga pleaded guilty in January 2024 to one count of conspiracy to commit securities fraud and wire fraud and settled the SEC's parallel civil charges (consenting to a minimum $3M judgment, with disgorgement/penalties to be set). [1][2]
Bracketed numbers refer to the numbered sources listed below.
Sources (2)
See also
Luke BelmarIndividualsCryptocurrency influencer Luke Belmar (@lukebelmar on X) became the subject of controversy following allegations related to the promotion of a memecoin. Critics on social media alleged that Belmar used a series of posts referencing a forthcoming cryptocurrency project and a large-scale airdrop to generate interest in a token without explicitly identifying a specific contract address. Belmar published multiple posts discussing an upcoming memecoin, describing plans for what he characterized as a major airdrop and making comparisons to other cryptocurrency projects. Because no contract address was publicly provided, several tokens emerged claiming association with his statements. Critics alleged that this ambiguity enabled speculation around multiple tokens while avoiding a direct endorsement of any particular asset.
HEX / PulseChain (Richard Heart)ProjectsCrypto projects (HEX, PulseChain, PulseX) created by Richard Heart (Richard Schueler). In July 2023 the U.S. SEC sued him for offering unregistered securities that raised $1B+ and for allegedly misappropriating ~$12M for luxury goods (including a 555-carat diamond). A court dismissed the case in 2024 for lack of U.S. jurisdiction; there was no finding of wrongdoing and Heart denies the allegations.
This page was last updated on Jun 15, 2026. View revision history.
