Richard Heart: The Man Behind HEX And PulseChain - FinanceFeeds (2024)

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What happened with Richard Heart? ›

The SEC also charged Heart and PulseChain with fraud for misappropriating at least $12 million of offering proceeds to purchase luxury goods including sports cars, watches, and a 555-carat black diamond known as 'The Enigma' - reportedly the largest black diamond in the world.

Richard Heart is an entrepreneur and investor who has a net worth of $200 million. He is most well-known for his work in the Bitcoin space, where he was an early investor and advocate. He owns and operates several businesses, including a cryptocurrency exchange and a blockchain-based advertising platf…

In the complaint, the SEC alleged that Heart raised over $1 billion in the unregistered offer and sale of crypto asset securities to retail investors in the U.S. and elsewhere and personally directed the creation and development of three crypto-assets called Hex, Pulse (PLS) and PLSX.

Heart resides in Helsinki, Finland. Heart was charged by the SEC on July 31, 2023.

The HEX token was launched in December 2019 by Richard Heart. On July 31, 2023, the SEC filed a lawsuit against Heart for violating federal securities laws and defrauding investors of at least $12.1 million.

Richard Heart, who founded and marketed the crypto token Hex, is accused by the Securities and Exchange Commission of selling unregistered securities and illegally using investor funds to buy luxury goods, including a $1.38 million Rolex watch and a 555-carat black diamond known as “The Enigma.” Heart is asking a ...

HEX founder Richard Heart's legal team says their client isn't a fraudulent 'crypto' scammer; he's a First Amendment martyr who promised Hexicans nothing and delivered on that promise.

HEX (HEX) price has increased today.

This represents a 0.71% price increase in the last 24 hours and a 94.69% price increase in the past 7 days.

The Securities and Exchange Commission today charged Richard Heart (aka Richard Schueler) and three unincorporated entities that he controls, Hex, PulseChain, and PulseX, with conducting unregistered offerings of crypto asset securities that raised more than $1 billion in crypto assets from investors.

The current price of HEX is $0.0011 per HEX. With a circulating supply of 0 HEX, it means that HEX has a total market cap of $0.00. The amount of HEX traded has fallen by $16,943.36 in the last 24 hours, which is a 25.85% decrease. Additionally, in the last day, $65,555.71 worth of HEX has been traded.

Is PulseChain a security? ›

The complaint, filed in the U.S. District Court for the Eastern District of New York, accuses Heart of raising over $1 billion through unregistered securities offerings. The SEC claims that Heart marketed these tokens — Hex, PulseChain (PLS), and PulseX (PSLX) — as securities, thus requiring registration with the SEC.

Floyd owns his own insurance company, where he employs Richard Gilmore for many years, until Richard quits abruptly at the end of 2001 to pre-empt being phased out by the company. In Richard's account, Floyd Stiles is stunned by Richard's resignation. None the less, no move is made to lure Richard back to the firm.

According to the SEC, Heart is believed to be residing in Helsinki, Finland.

How does the price performance of HEX compare against its peers? With a price decline of -4.20% in the last 7 days, HEX (HEX) is underperforming the global cryptocurrency market which is down -3.20%, while underperforming when compared to similar Polygon Ecosystem cryptocurrencies which are up 0.00%.

Richard Heart, who founded and marketed the crypto token Hex, is accused by the Securities and Exchange Commission of selling unregistered securities and illegally using investor funds to buy luxury goods, including a $1.38 million Rolex watch and a 555-carat black diamond known as “The Enigma.” Heart is asking a ...