2023-11-28 14:33:39
The U.S. Securities and Exchange Commission (SEC) has charged HEX founder Richard Heart with illegally raising more than $1 billion through the unregistered cryptocurrency and defrauding investors of $12.1 million to buy luxury items for himself. The SEC has been trying to hunt him down for months – apparently without success. Richard Heart, whose real name is Richard Schueler, promised HEX owners that the cryptocurrency would be the biggest toss in history. After the indictment, the HEX token plummeted, and by the second of August, its market capitalization had dropped to $700 million from $1.47 billion previously. Related: Investors Are Fleeing HEX Token SEC attorneys recently informed a federal judge that they have not even been able to reach Heart in the case, which would be the first step in initiating proceedings. One of them believes that Heart took the plunge in Helsinki, Finland, but even through the Finnish Ministry of Justice, the letter might not be delivered. However, it was not clarified whether this problem stems from a lack of cooperation between the Finnish and American governments or the fact that the country did not even try to track down Heart. Heart has been secretive regarding his whereregardings for a long time, in the documentary regarding the cryptocurrency Hex he also tried to completely hide his home and even did the interviews in an underground bunker. Interestingly, however, following the SEC admitted it mightn’t find the crypto influencer, the man shared his thoughts on X 31 times. Of course, he never once mentioned his whereregardings or even hinted that the US government was looking for him. But he has repeatedly spoken disparagingly regarding the recent case of Binance founder Chanpeng Zhao (CZ).
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