Richard Heart (HEX, PulseChain) is being sued for Securities Fraud

Richard Heart creator of HEX and PulseChain is being sued by the SEC for Securities fraud.

Heart operates through three unincorporated alter-ego entities, Hex, PulseChain, and PulseX. Beginning in December 2019, and continuing for at least the next three years, Heart raised more than $1 billion in the unregistered offer and sale of crypto asset securities to retail investors in the U.S. and abroad. Heart engaged in three separate offerings: Hex, PulseChain, and PulseX. Each was, and is, a crypto asset security, and PulseChain and PulseX are crypto asset security platforms designed, created, and maintained by Heart. Heart continually touted these investments as a pathway to grandiose wealth for investors, claiming that Hex, for example, "was built to be the highest appreciating asset that has ever existed in the history of man."

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Richard Heart probably saw this coming since a couple of months back he cleaned up his social media profiled deleting all of his grandiose claims and also tried to change HEX staking to HEX mining which never really made any sense since it's built on Ethereum which is a POS chain.

This is finally something that the SEC right for once.