Richard

Shopping

Coin

<ul class="news-points"> 
 <li><strong>SEC sues Hex founder Richard Heart for fraud; old TikTok video creates FUD over Twitter.</strong></li> 
 <li><strong>Hex’s market cap dropped post-lawsuit to around $700 million with a slight rebound to $900M.</strong></li> 
 <li><strong>Richard Heart’s new documentary highlights his controversial reputation, Ponzi scheme, and charismatic blockchain persona.</strong></li> 
</ul> 
<p>After the US Securities and Exchange Commission (SEC) <a href="https://coinedition.com/sec-strikes-again-charges-hex-founder-for-securities-law-violation/" rel="noopener noreferrer nofollow">sued</a> HEX and PulseChain founder Richard Heart on July 31 for defrauding investors, he was found with a handful of shopping bags hoarding luxury Louis Vuitton products, according to a TikTok shared by Whale on Twitter.</p> 
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
   <p lang="en" dir="ltr">PulseChain was a flop, users leaving, HEX crashing, hexicans losing money.<br><br>Meanwhile Richard Heart, the founder: <a href="https://t.co/9jGDImwS4H" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/9jGDImwS4H</a></p>— Whale (@WhaleChart) <a href="https://twitter.com/WhaleChart/status/1688527630797037568?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 7, 2023</a> 
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<p>However, another user swiftly clarified in the comment section that it was an old video from over a year ago. “FUD at its finest,” they added.</p> 
<p>On July 31, the SEC charged Heart for improperly diverting millions of dollars from investors’ funds associated with unregistered cryptocurrency assets. The filing alleges that Hex should be classified as a security and asserts that it illicitly gathered over $1 billion…</p> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/shopping-video-raises-eyebrows-amid-sec-lawsuit-against-richard-heart/">Shopping Video Raises Eyebrows Amid SEC Lawsuit Against Richard Heart</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

Shopping Video Raises Eyebrows Amid SEC Lawsuit Against Richard Heart

Coin Edition

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