Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Is $ 104k Bitcoin’s new soil? BlackRock’s ETF holds the answer

2025-05-20

Ethereum -price flashes bullish signal, but can it flow through obstacles?

2025-05-20

If you have $ 5000 and want to change $ 5 million by 2028, which are the best altcoins to buy? Top 5 contenders

2025-05-20
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Basic, BNB chain, Ethereum and others

    2025-05-20

    What are tokenized real-world assets? Put physical value on the chain with RWAS

    2025-05-20

    Basic kit transactions rise as DEX volume approaches $ 400 billion milestone

    2025-05-20

    Taiko Alethia launches the most expected Pacaya Hardfork -upgrade on MAINNET

    2025-05-20

    Weaver Labs stimulates AI-led decentralized connectivity, joins Imagen Network

    2025-05-19
  • NFT

    Guild of Guardians leads with a huge volume of $ 796.62k

    2025-05-20

    Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

    2025-05-19

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Ethereum -price flashes bullish signal, but can it flow through obstacles?

    2025-05-20

    XRP Price Eyes Winins, but technically suggests that upsides can be limited

    2025-05-20

    Bitcoin still cannot close daily candle above $ 106k after 8 failed attempts in 2025

    2025-05-20

    Solana (SOL) keeps land in tight reach – Traders looking at Directional Cue

    2025-05-20

    Graph signal running to new ATH

    2025-05-19
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-10
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Altcoins»US SEC launches action against Richard Heart and his crypto projects
Altcoins

US SEC launches action against Richard Heart and his crypto projects

2023-07-31No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


  • US SEC sues Richard Heart and three of his projects for unregistered sale of securities and fraud
  • The commission claimed that Heart used investors’ money to purchase luxury goods including the world’s largest black diamond

The United States Securities and Exchanges Commission (SEC) continues to take action against crypto projects despite its partial loss against Ripple. This time, the regulatory authority launched a lawsuit against Richard Heart alias Richard Schueler, a well-known crypto content creator.

The legal action also extends to his projects – PulseChain, an Ethereum fork, PulseX, a Uniswap fork, and HEX, an ERC20 token.


Is your portfolio green? Check out the Ethereum Profit Calculator


The commission alleges that Heart and his projects violated the securities law by “conducting unregistered offerings,” which raised over $1 billion. The regulatory authority also brought in additional fraud charges against Heart and Pulsechain.

It claimed they “misappropriated at least $12 million of offering proceeds” to buy luxury goods. The purchased items included “‘The Enigma’ – reportedly the largest black diamond in the world.”

The Director of the Fort Worth Regional Officer, Eric Werner, said, “Heart called on investors to buy crypto asset securities in offerings that he failed to register. He then defrauded those investors by spending some of their crypto assets on exorbitant luxury goods”. The officer further added,

“This action seeks to protect the investing public and hold Heart accountable for his actions.”

SEC alleges securities offerings

Notably, while speaking about the offerings of HEX, PulseX, and Pulsechain, the SEC claimed all three were securities. Additionally, the action against Pulsechain comes just a few months after its fork from Ethereum, which was on 12 May 2023. Meanwhile, PulseX was branched out of Uniswap on May 12th, 2023.

See also  Crypto VC Firm Blockchain Capital Secures $580 Million to Expand Investment Funds

The price of HEX plummeted drastically since the SEC disclosed its action against the project and its creator. According to CoinMarketCap, HEX was trading at $0.006255 at press time and registered a slump of over 16% in the past hour.

Meanwhile, the 24-hour chart recorded a downfall of over 29% and the 7-day chart moved on a similar trend with a fall of over 28 percent.

The trend seems to be similar for Pulsechain [PLS] and PulseX [PLSX]. PLS was trading at $0.00007546 and had registered a slump of over 25 percent in the past day.

At the same time, PLSX was trading at $0.0000213 with over 30 percent loss in the past 24 hours. Additionally, neither Richard Heart nor any of the alleged projects released a statement on the latest action.

Source link

action Crypto Heart Launches Projects Richard SEC
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

If you have $ 5000 and want to change $ 5 million by 2028, which are the best altcoins to buy? Top 5 contenders

2025-05-20

Solana set up for the largest protocol revision so far with ‘Alpenglow’ upgrade

2025-05-20

SEC’s new interim watchdog Katherine Reilly to direct crypto fraud as a top priority

2025-05-20

Bitcoin briefly surpasses $ 106k for withdrawal, analyst sees stable momentum

2025-05-20
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Chainlink Price Prediction 2025-2030: Investors wait for a reversal in LINK’s trajectory

2023-05-19

Lido holds 76% of the ETH stakes: does LDO have a profit?

2023-12-20

A gradual increase in vision?

2025-01-02
Editors Picks

Anchoring AI on public blockchains helps establish a ‘permanent provenance route’

2024-06-04

Proof-of-Stake vs. Proof-of-Work: Is PoS Better Than PoW?

2023-05-20

Note for Jeffrey Goldberg and all journalists: how you can prove facts using blockchain

2025-04-07

BTC To See Correction Below $10K, Predicts Founder Of Midas

2022-10-15
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Is $ 104k Bitcoin’s new soil? BlackRock’s ETF holds the answer

Ethereum -price flashes bullish signal, but can it flow through obstacles?

If you have $ 5000 and want to change $ 5 million by 2028, which are the best altcoins to buy? Top 5 contenders

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$106,395.290.93%
  • ethereumEthereum(ETH)$2,503.39-0.39%
  • tetherTether USDt(USDT)$1.000.01%
  • rippleXRP(XRP)$2.35-0.82%
  • binancecoinBNB(BNB)$647.48-0.05%
  • solanaSolana(SOL)$167.671.16%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.223261-0.51%
  • cardanoCardano(ADA)$0.74-0.53%
  • tronTRON(TRX)$0.2738833.42%
  • suiSui(SUI)$3.892.48%
  • chainlinkChainlink(LINK)$15.60-0.68%
  • avalanche-2Avalanche(AVAX)$22.25-0.39%
  • stellarStellar(XLM)$0.284577-0.42%
  • hyperliquidHyperliquid(HYPE)$26.14-0.29%
  • shiba-inuShiba Inu(SHIB)$0.000014-0.89%
  • hedera-hashgraphHedera(HBAR)$0.1941500.91%
  • unus-sed-leoUNUS SED LEO(LEO)$8.751.42%
  • bitcoin-cashBitcoin Cash(BCH)$390.59-0.02%
  • the-open-networkToncoin(TON)$3.071.51%
  • polkadotPolkadot(DOT)$4.640.62%
  • litecoinLitecoin(LTC)$94.54-4.11%
  • moneroMonero(XMR)$345.500.74%
  • bitget-tokenBitget Token(BGB)$5.15-0.17%
  • pepePepe(PEPE)$0.000013-1.93%
  • daiDai(DAI)$1.00-0.03%
  • piPi(PI)$0.742.72%
  • ethena-usdeEthena USDe(USDE)$1.000.03%
  • aaveAave(AAVE)$262.059.64%
  • bittensorBittensor(TAO)$415.230.66%
  • uniswapUniswap(UNI)$5.83-2.54%
  • nearNEAR Protocol(NEAR)$2.74-0.81%
  • aptosAptos(APT)$5.09-1.71%
  • okbOKB(OKB)$51.97-0.46%
  • ondo-financeOndo(ONDO)$0.941.67%
  • kaspaKaspa(KAS)$0.1086161.29%
  • ethereum-classicEthereum Classic(ETC)$18.26-0.69%
  • internet-computerInternet Computer(ICP)$5.18-1.28%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.322.94%
  • gatechain-tokenGateToken(GT)$21.410.09%
  • crypto-com-chainCronos(CRO)$0.0961260.13%
  • mantleMantle(MNT)$0.742.03%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.231608-0.99%
  • vechainVeChain(VET)$0.027863-0.80%
  • render-tokenRender(RENDER)$4.610.33%
  • ethenaEthena(ENA)$0.3716350.70%
  • usd1World Liberty Financial USD(USD1)$1.00-0.03%
  • algorandAlgorand(ALGO)$0.221916-0.07%
  • arbitrumArbitrum(ARB)$0.3906480.10%
  • filecoinFilecoin(FIL)$2.83-2.71%
  • bitcoinBitcoin(BTC)$106,395.290.93%
  • ethereumEthereum(ETH)$2,503.39-0.39%
  • tetherTether USDt(USDT)$1.000.01%
  • rippleXRP(XRP)$2.35-0.82%
  • binancecoinBNB(BNB)$647.48-0.05%
  • solanaSolana(SOL)$167.671.16%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.223261-0.51%
  • cardanoCardano(ADA)$0.74-0.53%
  • tronTRON(TRX)$0.2738833.42%
  • suiSui(SUI)$3.892.48%
  • chainlinkChainlink(LINK)$15.60-0.68%
  • avalanche-2Avalanche(AVAX)$22.25-0.39%
  • stellarStellar(XLM)$0.284577-0.42%
  • hyperliquidHyperliquid(HYPE)$26.14-0.29%
  • shiba-inuShiba Inu(SHIB)$0.000014-0.89%
  • hedera-hashgraphHedera(HBAR)$0.1941500.91%
  • unus-sed-leoUNUS SED LEO(LEO)$8.751.42%
  • bitcoin-cashBitcoin Cash(BCH)$390.59-0.02%
  • the-open-networkToncoin(TON)$3.071.51%
  • polkadotPolkadot(DOT)$4.640.62%
  • litecoinLitecoin(LTC)$94.54-4.11%
  • moneroMonero(XMR)$345.500.74%
  • bitget-tokenBitget Token(BGB)$5.15-0.17%
  • pepePepe(PEPE)$0.000013-1.93%
  • daiDai(DAI)$1.00-0.03%
  • piPi(PI)$0.742.72%
  • ethena-usdeEthena USDe(USDE)$1.000.03%
  • aaveAave(AAVE)$262.059.64%
  • bittensorBittensor(TAO)$415.230.66%
  • uniswapUniswap(UNI)$5.83-2.54%
  • nearNEAR Protocol(NEAR)$2.74-0.81%
  • aptosAptos(APT)$5.09-1.71%
  • okbOKB(OKB)$51.97-0.46%
  • ondo-financeOndo(ONDO)$0.941.67%
  • kaspaKaspa(KAS)$0.1086161.29%
  • ethereum-classicEthereum Classic(ETC)$18.26-0.69%
  • internet-computerInternet Computer(ICP)$5.18-1.28%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.322.94%
  • gatechain-tokenGateToken(GT)$21.410.09%
  • crypto-com-chainCronos(CRO)$0.0961260.13%
  • mantleMantle(MNT)$0.742.03%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.231608-0.99%
  • vechainVeChain(VET)$0.027863-0.80%
  • render-tokenRender(RENDER)$4.610.33%
  • ethenaEthena(ENA)$0.3716350.70%
  • usd1World Liberty Financial USD(USD1)$1.00-0.03%
  • algorandAlgorand(ALGO)$0.221916-0.07%
  • arbitrumArbitrum(ARB)$0.3906480.10%
  • filecoinFilecoin(FIL)$2.83-2.71%