Altcoin News

Richard Heart Disowns HEX, PulseChain Before Getting Sued by SEC

  1. Crypto influencer and investor Richard Heart has removed HEX, PulseChain, and PulseX from his bio.
  2. Heart teased PulseChain’s launching, although it had been delayed for months.
  3. People are speculating that Heart will be sued by the SEC soon.

Influencer and investor Richard Heart appears to have abandoned his crypto projects HEX and PulseChain. As many have pointed out, Heart has removed the said platforms from his Twitter account.

Read CRYPTONEWSLAND on google news

Some people are saying that this is because Heart is fearing that the US Securities and Exchange Commission (SEC) is about to sue him for his long-time involvement in crypto. In fact, late last year, the SEC issued a subpoena to HEX influencers. What is more, his crowdfunded crypto platforms have been getting disappointing results despite amassing considerable funding.

More trouble could be brewing for Heart, as some people are accusing him of fraud and manipulation. Interestingly, others are saying that the primary driver for Heart’s alleged deceit is his ego.

Specifically, Heart is known for his lavish lifestyle. One would have seen his expensive possessions if he does not proceed to actually delete his Instagram account. But a simple search on Google shows that Heart may have at least deactivated his Instagram.

As mentioned in the tweet above, Heart’s reason for doing so is “to show humility and respectfulness.”

HEX is a crypto token with a market cap of almost $12 billion, according to CoinMarketCap. Meanwhile, PulseChain is a blockchain forked from Ethereum. Both of these are tagged by others as Ponzi schemes.

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Jesus Dawal

Jesus Dawal Jr covers news related to the crypto space in Asia and in Australia, although he follows the latest events in the US and Europe as well. He is most interested in the blockchain gaming and regulation aspects of the industry.

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