SEC Continues Its Regulation By Enforcement Spree, Charges Richard Heart Of Hex With $1 Billion Securities Fraud

The U.S. Securities and Exchange Commission (SEC) has initiated a lawsuit against Richard Schueler, better known in the crypto world as Richard Heart, for unregistered offerings of three tokens: HEX, PulseChain, and PulseX. The SEC alleges that he raised over $1 billion through the unregistered offerings starting in 2019.

Timeline of Hex

The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Richard Heart and his cryptocurrency projects, including Hex, PulseChain and PulseX. What Happened: Heart, also known as Richard Schueler, raised more than $1 billion through the sale of unregistered securities, the SEC claims.

The price of HEX nosedived on Monday after the US Securities and Exchange Commission (SEC) sued the cryptocurrency's creator Richard Heart for securities fraud. SEC's allegations against Heart include fraud The SEC's lawsuit against Heart, aka Richard J.

The U.S. Securities and Exchange Commission (SEC) filed a lawsuit Friday against Richard Schueler, known as Richard Heart, and his companies Hex, Pulsechain, and Pulsex, alleging they raised more than $1 billion through unregistered securities offerings.

The U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Richard “Heart” Schueler and crypto projects HEX, PULSECHAIN, and PULSEX. According to a document filed with a court for the Eastern District of New York and shared on X by economist Alex Krüeger, the regulator is violating U.S. securities laws.

In another emphatic crackdown move, the United States Securities and Exchange Commission (SEC) has filed a lawsuit against Richard Schueler aka Richard Heart, the founder of the HEX and PulseChain protocol for the sales of unregistered securities. The SEC Case Against Heart According to the markets regulator, Heart raised as much as $1 billion in

The price of HEX, a popular cryptocurrency, took a dive as Richard Heart, also known as Richard J. Schueler, was charged with securities fraud by the Securities and Exchange Commission (SEC).

The U.S. Securities and Exchange Commission (SEC) sued internet marketer Richard Schueler, known online as Richard Heart, and his projects Hex, PulseChain and PulseX, alleging he raised over $1 billion across three different unregistered securities offerings.

A cryptocurrency investor has seemingly made an audacious gamble at the height of the 2021 cryptocurrency market bull run, selling his house and pouring the proceeds into the cryptocurrency $HEX, according to an unreleased documentary.

Blockchain network Hex (HEX) has seen around $4 billion wiped from its market cap over the past week, according to CryptoSlate data. Hex's market cap dropped to as low as $2.41 billion on May 25 from a peak of $6.62 billion recorded on May 20, according to CryptoSlate's data.

The cryptocurrency market saw net outflows of $12.3 billion over the last 24 hours and currently stands at $1.12 trillion — down 1.1% from $1.14 trillion. During the reporting period, the Bitcoin (BTC) and Ethereum (ETH) market caps fell 1.9% and 1% to $520.18 billion and $217.56 billion, respectively.