Chain News Daily Official TheBitTimes.com

The U.S. Securities and Exchange Commission (SEC) has sued Hex and its founder Richard Schueler aka Richard Heart . The SEC charged the Hex founder with misappropriating millions of dollars of investors’ funds from unregistered cryptocurrency assets. According to the filing, the SEC claims that Hex is a security and unlawfully raised more than $1 billion through offerings. Also Read: 74 Countries Ready To Attend BRICS Summit In August Heart is also the founder of PulseChain (PLS) and PulseX which was launched on May 15, 2023. The founder had asked investors to sacrifice their cryptocurrencies in exchange for PLS and PLSX tokens. Source: sec.gov/news/ The lawsuit alleges that Heart attempted to evade securities laws by calling on investors to “sacrifice” (instead of “invest”) their cryptocurrency assets to receive PLS and PLSX tokens. The SEC lawsuit alleges that Heart defrauded investors by spending their “sacrificed” cryptocurrencies on exorbitant lux...

Hex started 2023 on the front foot and remains on the greener side of the spectrum. The crypto spiked 10% on Thursday reaching $0.022 and is up nearly 20% since the last seven days. Hex is attracting heavy bullish sentiments after a recent interview at the ‘HexConference‘ with influencer Mati Allin. The founder Richard Heart spoke extensively about issues plaguing the crypto markets and was asked about the launch of PulseChain. Also Read: Will Hex Reach $1 In Five Years From Now? Source: CoinGecko.com Source: CoinMarketCap.com Heart explained that PulseChain is currently under work but did not give out a tentative release date for the layer-1 network. Here’s what Heart said when asked about the launch of PulseChain: “ The software development on PulseChain is going great. I’m seeing screenshots of a staking launchpad for V3. So like, V3 is so close, it’s close”. Also Read: Richard Heart Predicts Bitcoin Price For 2023 JUST IN: ...