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News Explorer — SEC Charges Hex Founder Richard Heart for $1B Unregistered Securities Offering"

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Jul 31, 3:12 pm
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SEC Charges Hex Founder Richard Heart for $1B Unregistered Securities Offering"

Richard Heart, the founder of Hex, has been charged by the SEC for conducting unregistered securities offerings that raised over $1 billion. The charges also include three unincorporated entities: PulseChain, PulseX, and Hex. Heart and PulseChain are accused of using $12 million from the offerings to purchase luxury goods. The SEC's complaint states that Heart marketed Hex as a high-yield blockchain certificate of deposit and promoted it as an investment to make people wealthy.

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