Whale | Dinobet.io stated on X platform that Richard Heart, the founder of Hex who was accused of fraud, is evading the investigation of the US SEC. There are rumors that he recently fled from Finland to Russia.
Previously, in July of this year, the US SEC sued Hex and Pulsechain founder Richard Heart for selling unregistered securities. According to the SEC, Heart raised more than $1 billion by selling project tokens. The SEC stated that Heart had previously made comments implying that Hex would rise, and currently the Hex price has fallen 98.4% from its historical high. In addition, the SEC pointed out that Heart misappropriated more than $12 million in customer funds for personal purchases of luxury goods, rather than for development agreements.
In September, Coinbase product director Conor Grogan stated on X that Pulsechain, PulseX, and Hex founder Richard Heart's associated wallets (including PulseX/Pulsechain) hold at least 703 million DAI, accounting for 15.5% of all circulating DAI.
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