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SEC Sues Hex Token and PulseChain Creator Richard Heart for Raising $1 Billion in Unregistered Securities


The Securities and Exchange Commission has filed a lawsuit against Richard Heart, the operator behind Hex token, PulseChain, and PulseX, accusing him of raising over $1 billion in unregistered securities offerings since 2019. The SEC claims that Heart used investor assets to buy luxury goods, including luxury cars, watches, and a black diamond. Heart also allegedly manipulated the trading volume of Hex to create a false impression of demand.
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