SEC Charges Hex Founder Richard Heart with Misappropriating Millions of Dollars of Investor Funds

Raised more than $1 Billion

Date:

Autor: Funds Society, Miami

According to the SEC’s complaint, Heart began marketing Hex in 2018, claiming it was the first high-yield “blockchain certificate of deposit,” and began promoting Hex tokens as an investment designed to make people “rich.”

From at least December 2019 through November 2020, Heart and Hex allegedly offered and sold Hex tokens in an unregistered offering, collecting more than 2.3 million Ethereum (ETH)