Richard Heart News

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The United States Securities and Exchange Commission (SEC) is encountering difficulties in serving a lawsuit against Richard Schueler, also known as Richard Heart, the founder of Pulsechain, PulseX, and the controversial project Hex.

Donald Trump Jr.’s X account (formerly Twitter) was hacked for about 30 minutes followed by a series of wild tweets on his ‘father’s death’, a potential attack on North Korea including swipes at Elon Musk.

Ladies and gentlemen, the SEC strikes again. Namely, as recently as Monday evening, major cryptocurrencies, including Dogecoin (DOGE), suffered significant losses after the SEC announced its newest lawsuit against Richard Heart. And while crypto investors try to recover from the news, they’re turning to VC Spectra (SPCT), an innovative project that’s set to completely change the way we invest in the blockchain. 

A man has been charged by the SEC for misappropriating millions of dollars invested by people who believed they would become ‘rich’ from cryptocurrencies.

On Tuesday, the trading value of Bitcoin dropped by nearly 2% to $28,912 amidst significant developments in the cryptocurrency landscape. 

The US Securities and Exchange Commission (SEC) has taken legal action against prominent internet marketer and crypto advocate Richard Heart.

Richard Heart with raising more than $1 billion in three unregistered crypto asset offerings and defrauding investors out of $12.1 million to buy luxuries including a 555-carat black diamond. In a complaint filed in Brooklyn federal court, the SEC said Heart, also known as Richard Schueler, touted his Hex token, PulseX asset trading platform and PulseChain asset network on YouTube and other websites as pathways to «grandiose wealth.» The SEC said Heart often made superficial «tongue-in-cheek» disclaimers that his offerings were not securities but knew otherwise, as he touted that Hex was capable of 38% returns and «built to be the highest appreciating asset that has ever existed in the history of man.» The SEC accused Heart of spending investor funds on McLaren and Ferrari sports cars, four Rolex watches and «The Enigma,» which cost 3.16 million British pounds (then $4.28 million) at auction and was purportedly the world's largest black diamond.

The United States Securities and Exchange (SEC) has filed a lawsuit against Richard Schueler, better known in the crypto space as Richard Heart, for alleged unregistered offerings of three tokens. 

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Over several years, social media influencers have earned a bad rep among regulators for shilling risky and unvetted tokens to millions of investors. Pursuing the crackdown on such scenarios, the U.S. Securities and Exchange Commission (SEC) reportedly issued a subpoena to influencers who were found promoting cryptocurrencies such as HEX, PulseChain and PulseX.

September is to be an action-packed month for the Bitcoin and wider cryptocurrency industry, given the plethora of events that are unfolding. 

A 555-carat diamond with mysterious origins estimated to be billion years old has been sold for $4.5 million in cryptocurrency at a Sotheby's auction.