He is the founder of Richard Heart, Hex and Pulsechain. He faced the charges made by the US Securities and Stock Exchange Commission (SEC) for allegedly misleading investors and abusing more than $ 1 billion investor funds collected through unregistered crypto currency sales.
Heart has projects such as Pulsechain and Pulsex, which creates significant interest and controversy in the crypto community, as well as Hex. The US Federal Court rejected the case against HEART on the grounds of overdue of authority. Following the decision, Heart -associated Tokens (Hex, Pulsechain and Pulsex) gained value with an increase of almost 80 percent.
Richard Heart’s life and career
Heart, born on October 9, 1979 under the name of Richard Schuler, began to read when he was three years old. Shortly after, he was transferred to a talented school for accelerated learning.
He participated in an advanced program called Megsss designed for talented students in secondary school. This program focused on mathematics and was developed by a MIT graduate.
Heart later continued his various entrepreneurship initiatives. Thanks to its projects such as Hex and Pulsechain, it has become a well -known name in the field of crypto currency.
He also attracted attention through Youtube. Publications focused on issues such as financial welfare, self -development and effective time management. Heart’s ability to interact with the audience helped to create a loyal audience.
Hex
Hex was released as the first high -interest blocky deposit certificate. It offers features that attract the attention of investors in the crypto currency market through token economy and stinging. Hex, which was initially released in December 2019, claims that other crypto currencies cannot have advantages.
Hex allows users to stake their tokens, similar to earning interest in bank deposits. Stakting involves locking tokens for a certain period of time in exchange for prizes. This mechanism reduces market volatility by promoting long -term keeping.
Participants in this system can win significant prizes. The interest rate accrued to the stacked Hex may vary depending on factors such as the length of the stinging period and the number of tokens that are stacked.
In addition to the Stake awards, the value of assets adds a growth element. Investors often look at the potential of significant price increases over time, which can make HEX tokens an attractive option in the crypto market.
SEC Objections and Claims
Heart faced significant legal challenges from the US government and accusing him of embezzling millions of dollars. These problems have revolved around fraud allegations of crypto currency projects and violations of securities laws.
SEC accused himself and his organizations of Hex, Pulsechain and Pulsex of exporting unregistered securities. The complaint was allegedly collected more than $ 1 billion without the appropriate registration from investors. Among the SEC allegations are also abuse of funds. In particular, it is said that investors use at least $ 12 million for personal purchases, including luxury goods. This not only strengthened the SEC’s case, but also caused concerns about the transparency of Heart’s operations among potential investors.
The new SEC project rejected that the institution does not have the jurisdiction of the institution due to the fact that the project did not target US investors. Following the decision, Hex and other Heart -linked tokens gained up to 80 percent.
