The U.S. securities regulator has been unsuccessful in its attempts to serve HEX and PulseChain founder Richard Heart with its lawsuit for selling unregistered securities.
U.S. regulators made their stance about 'crypto' clear, with the SEC taking 784 enforcement actions against 'crypto' firms and individuals in 2023, while the CFTC filed 96 digital asset cases.
Richard Heart is getting a taste of justice as he faces charges tied to alleged sham offerings—actions that have been continuously reported but were overlooked.
Hex founder Richard Heart faces fraud charges relating to his Hex entities offering unregistered securities and over ill-gotten wealth that the SEC is urging him to forfeit.
The projects, which Richard Heart promised would revolutionize the industry, were crowdfunded by more than $1 billion in funds in an ICO, but Heart has yet to deliver on his promises.
Heart’s social media cleanup strongly suggests that he just recently realized that simply repeating that ‘HEX isn’t a security’ isn’t the foolproof immunization strategy he thought it was.