The Securities and Exchange Commission on Monday charged Richard Heart, founder of the crypto projects Hex and PulseChain, with unregistered sale of more than $1 billion in crypto asset securities and the theft of $12 million of those funds to purchase a series of luxury goods.
The SEC alleges that Heart’s sale of Hex tokens was an unregistered securities sale, while a separate creation, PulseX was an unregistered securities exchange that featured a native token, PulseChain, that was also an unregistered security.
The…
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