Audit log

Every state-changing event for HEX / Richard Heart: moderation decisions on community submissions, plus corrections and updates from the news pipeline. URL-based decisions carry three independent witnesses — the original source, an Internet Archive snapshot taken at submission time, and a Solana memo signed by our publicly-disclosed publisher key.

1. #1publishby system:backfill

   2026-05-31 19:42:45Z
   Score: ? → ? (no score change)
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   3dgASmNjykRW…9qaby8t5copyexplorer ↗

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   {"actor":"system:backfill","investigation_id":"7aff60a4-549a-44a8-a474-4426edbe6133","kind":"publish","page_slug":"hex-richard-heart","published_at":"2026-05-31T19:42:45.112Z","sequence_num":1,"snapshot":{"content_type":"investigation","entity_name":"HEX / Richard Heart","sections":[{"content":"HEX is an ERC-20 token on the Ethereum blockchain, launched on December 2, 2019 by Richard Schueler, who operates publicly under the name Richard Heart. The project markets itself as the first blockchain-based certificate of deposit (CD), offering token holders the ability to 'stake' their HEX in exchange for interest paid in newly minted HEX tokens. Heart claimed the product would deliver average annual percentage yields (APY) of approximately 38 percent. During a launch phase running through November 19, 2020, HEX was distributed to Bitcoin holders at a rate of 10,000 HEX per 1 BTC held as of a December 2, 2019 snapshot of the Bitcoin UTXO set. The project also used a so-called 'sacrifice phase' in which participants sent cryptocurrency to addresses ostensibly as a free-speech donation rather than an investment, a framing critics and the SEC later characterized as a deliberate attempt to avoid securities registration. HEX reached an all-time high of approximately $0.556 per token on November 16, 2021, before declining more than 90 percent through 2022. As of early 2026, HEX trades at fractions of a cent, over 99 percent below its peak.","heading":"Background and Token Overview","severity":"medium","sources":[{"credibility":2,"name":"CoinDesk: U.S. SEC Sues Richard Heart, Hex, PulseChain on Unregistered Securities","type":"news_article","url":"https://www.coindesk.com/policy/2023/07/31/us-sec-sues-richard-heart-hex-pulsechain-on-unregistered-securities-fraud-allegations"},{"credibility":3,"name":"Koinly: PulseChain Guide — HEX, PLS, and Richard Heart","type":"other","url":"https://koinly.io/blog/pulsechain-guide/"}]},{"content":"Between approximately July 2021 and March 2022, Richard Heart raised additional funds through two separate offerings: PulseChain (PLS) and PulseX (PLSX). PulseChain is a proof-of-stake layer-1 blockchain Heart describes as an improved hard fork of Ethereum 2.0, intended to offer lower transaction fees and faster settlement. PulseX is the primary decentralized exchange (DEX) built on PulseChain, functionally similar to Uniswap on Ethereum. PulseChain mainnet launched on May 13, 2023. PLS reached an all-time high of approximately $0.00032 on May 22, 2023, then fell roughly 97 percent from that peak. According to the SEC's 2023 complaint, the PulseChain and PulseX sacrifice phases each raised hundreds of millions of dollars in crypto assets from participants who were led to believe the contributions would fund development of those networks.","heading":"PulseChain and PulseX","severity":"medium","sources":[{"credibility":1,"name":"SEC Press Release 2023-143: SEC Charges Hex Founder Richard Heart","type":"regulatory","url":"https://www.sec.gov/newsroom/press-releases/2023-143"},{"credibility":2,"name":"CoinGecko: PulseChain Price","type":"other","url":"https://www.coingecko.com/en/coins/pulsechain"}]},{"content":"On July 31, 2023, the U.S. Securities and Exchange Commission filed a civil complaint in the U.S. District Court for the Eastern District of New York (case gov.uscourts.nyed.501047) against Richard Schueler (a/k/a Richard Heart), and the three unincorporated entities HEX, PulseChain, and PulseX. The SEC alleged two categories of violations. First, it charged Heart with conducting unregistered offerings of crypto asset securities that collectively raised more than $1 billion in crypto assets from investors, in violation of the Securities Act of 1933. Second, it charged Heart and PulseChain with fraud, alleging that Heart misappropriated at least $12 million of investor funds for personal luxury expenditures. The SEC alleged specific purchases including: approximately $4.3 million for a 555-carat black diamond known as 'The Enigma,' purchased at Sotheby's in February 2022; five Rolex watches totaling over $3.4 million; a McLaren sports car for approximately $534,916; and a Ferrari Roma for approximately $314,125. The SEC also alleged that Heart's framing of investor contributions as 'sacrifices' was a deliberate effort to evade securities registration requirements.","heading":"SEC Enforcement Action (2023)","severity":"critical","sources":[{"credibility":1,"name":"SEC Press Release 2023-143: SEC Charges Hex Founder Richard Heart with Misappropriating Millions","type":"regulatory","url":"https://www.sec.gov/newsroom/press-releases/2023-143"},{"credibility":2,"name":"Decrypt: SEC Charges HEX Founder Richard Heart with $1 Billion Unregistered Securities Offering","type":"news_article","url":"https://decrypt.co/150677/sec-charges-hex-founder-richard-heart-1b-unregistered-securities-offering"},{"credibility":1,"name":"CBS News: Hex crypto founder used investor funds to buy $4.3 million black diamond, SEC says","type":"news_article","url":"https://www.cbsnews.com/news/richard-heart-fraud-hex-sec-lawsuit-black-diamond/"},{"credibility":2,"name":"Fortune Crypto: Crypto founder allegedly bought 'The Enigma,' the largest black diamond","type":"news_article","url":"https://fortune.com/crypto/2023/07/31/richard-heart-sec-lawsuit-hex-pulsechain-pulsex-1-billion-the-enigma-black-diamond/"},{"credibility":2,"name":"The Block: Rolexes, luxury cars, and Uniswap — the SEC's case against Richard Heart","type":"news_article","url":"https://www.theblock.co/post/242288/rolexes-luxury-cars-and-uniswap-the-secs-case-against-richard-heart"}]},{"content":"On February 28, 2025, U.S. District Judge Carol Bagley Amon granted Richard Heart's motion to dismiss the SEC's complaint in its entirety, citing lack of jurisdiction. In her ruling, Judge Amon found that the SEC had failed to establish that Heart's online communications were purposefully directed at U.S. investors rather than a global audience, writing that the relevant statements 'consist of untargeted, globally available information.' The court further found that the mere participation of U.S.-based investors in the offerings was insufficient to establish domestic jurisdiction, and that the complaint lacked adequate facts showing transactions occurred within the United States. The ruling was reported by CoinDesk as the only SEC crypto enforcement action to be dismissed in its entirety by a federal judge. Following the ruling, the SEC was granted until April 21, 2025 to file an amended complaint. On April 21, 2025, the SEC notified the Eastern District Court of New York that it did not intend to file an amended complaint, formally closing the case. The dismissal does not constitute a finding on the merits of the underlying fraud or securities registration allegations.","heading":"Case Dismissal and SEC Withdrawal (2025)","severity":"high","sources":[{"credibility":2,"name":"CoinDesk: Federal Judge Dismisses SEC Case Against Richard Heart, Citing Lack of Jurisdiction","type":"news_article","url":"https://www.coindesk.com/policy/2025/02/28/federal-judge-dismisses-sec-case-against-richard-heart-citing-lack-of-jurisdiction"},{"credibility":2,"name":"CoinDesk: A Complete Victory for Richard Heart — SEC Walks Away From Case","type":"news_article","url":"https://www.coindesk.com/policy/2025/04/23/sec-walks-away-from-case-against-hex-founder-richard-heart-attorney-says"},{"credibility":2,"name":"Decrypt: US Court Dismisses SEC Case Against Richard Heart, Hex","type":"news_article","url":"https://decrypt.co/308431/us-court-dismisses-sec-case-against-richard-heart-hex"},{"credibility":2,"name":"The Block: HEX founder Richard Heart declares 'SEC lost and crypto won' as regulator drops fraud suit","type":"news_article","url":"https://www.theblock.co/post/351621/hex-richard-heart-sec-fraud-suit"}]},{"content":"Separate from the U.S. civil action, Richard Schueler faces criminal charges in Finland. Helsinki police initiated an investigation into alleged aggravated tax fraud covering the period June 2, 2020 through April 2, 2024, with Finnish authorities alleging that Schueler failed to file business tax returns for multiple years and omitted income from pre-filled personal tax returns. Alleged unpaid taxes are described by Finnish investigators as potentially reaching 'several hundred million euros.' Finnish police also allege that Schueler physically assaulted a minor — specifically, dragging a 16-year-old by their hair and striking them — in an incident occurring February 16–17, 2021. A Finnish court issued a remand order for Schueler's arrest on September 13, 2024. On December 18, 2024, Interpol issued a Red Notice for Schueler at the request of Finnish authorities. Europol has also listed him among Europe's Most Wanted Fugitives. Finnish police additionally seized approximately $2.6 million in luxury watches from a residence in Espoo, Finland. Despite his wanted status, Schueler has remained active on social media, continuing to post on X and upload to YouTube. As of publication, his precise whereabouts are unknown. The dismissal of the U.S. SEC civil case has no direct bearing on the Finnish criminal proceedings, which remain active.","heading":"Finnish Tax Fraud and Assault Charges; Interpol Red Notice","severity":"critical","sources":[{"credibility":2,"name":"The Block: Hex founder Richard Heart wanted by Interpol, Europol on charges of tax evasion and assault","type":"news_article","url":"https://www.theblock.co/post/332106/hex-founder-richard-heart-wanted-by-interpol-europol-on-charges-of-tax-evasion-and-assault"},{"credibility":2,"name":"Protos: Finland wants to detain Richard Heart, alleges millions in unpaid taxes","type":"news_article","url":"https://protos.com/finland-wants-to-detain-richard-heart-alleges-millions-in-unpaid-taxes/"},{"credibility":2,"name":"CryptoNews: Finnish Police Seize $2.6M in Luxury Watches from Hex Founder Amid Tax Evasion Charges","type":"news_article","url":"https://cryptonews.com/news/finnish-police-seize-2-6m-in-luxury-watches-from-hex-founder-amid-tax-evasion-charges/"},{"credibility":2,"name":"Protos: Richard Heart is still a fugitive, despite dismissal of SEC case","type":"news_article","url":"https://protos.com/richard-heart-is-still-a-fugitive-despite-dismissal-of-sec-case/"},{"credibility":2,"name":"CoinTelegraph: SEC serves suit to evasive Richard Heart in Finland, but not in person","type":"news_article","url":"https://cointelegraph.com/news/richard-heart-sec-hex-served-lawsuit-finland"},{"credibility":2,"name":"Yahoo News: Interpol Issues Red Notice for Hex Founder Richard Heart","type":"news_article","url":"https://www.yahoo.com/news/interpol-issues-red-notice-hex-054930437.html"}]},{"content":"Critics and financial analysts have raised substantive concerns about HEX's economic design. The core mechanism issues new HEX tokens daily to stakers, funded by inflation rather than any external revenue. Critics argue this constitutes a closed-loop system where interest payments are financed entirely by the issuance of new tokens, resembling a Ponzi-like structure in that early participants are rewarded primarily by the capital or activity of later participants. The SEC's complaint described HEX's 'staking' feature as serving no network security purpose — unlike proof-of-stake blockchains where staking validates transactions — but rather as a mechanism to restrict circulating supply and maintain price pressure. Early withdrawal from staking incurs significant penalties, and users who fail to end a stake within a defined window after maturity also face penalties, with penalty amounts flowing to an address critics allege benefits Heart. The project's smart contract assigns a substantial share of token distributions to an 'Origin Address,' which Heart has at times declined to explicitly claim ownership of; critics contend this address is under Heart's control and accumulates a disproportionate percentage of the total HEX supply. Heart and HEX supporters dispute all Ponzi characterizations, arguing the system is fully transparent and on-chain, and that returns are generated by the staking contract mechanics rather than investor fraud.","heading":"Staking Design and Ponzi-Like Criticism","severity":"high","sources":[{"credibility":2,"name":"BeInCrypto: HEX, a Bitcoin-Linked 'Ponzi,' Slammed by Analysts","type":"news_article","url":"https://beincrypto.com/hex-a-bitcoin-linked-ponzi-slammed-by-analysts/"},{"credibility":2,"name":"Protos: Richard Heart and the curious launch of Hex, Pulse, and PulseX","type":"news_article","url":"https://protos.com/richard-hearts-curious-launch-of-hex-pulse-and-pulsex/"},{"credibility":2,"name":"CoinGeek: Richard Heart's HEX token plummets amid more Ponzi allegations, SEC investigation","type":"news_article","url":"https://coingeek.com/richard-heart-hex-token-plummets-amid-more-ponzi-allegations-sec-investigation/"},{"credibility":2,"name":"CoinDesk Opinion: Why I Don't Feel Bad for HEX Founder Richard Heart's Victims","type":"news_article","url":"https://www.coindesk.com/opinion/2023/08/02/why-i-dont-feel-bad-for-hex-founder-richard-hearts-victims"}]},{"content":"Richard Heart's legal name is Richard Schueler. Prior to his involvement in cryptocurrency, Schueler acquired the informal title 'Spam King' in the early 2000s after reportedly running large-scale unsolicited commercial email operations. In 2002, he was sued under Washington State's anti-spam statute by Bennett Haselton of Peacefire.org for sending unsolicited commercial messages bearing forged return email addresses and misleading subject lines. Haselton later stated that Schueler called him and acknowledged sending the spam. Between approximately 2005 and 2007, Schueler was alleged by sources including Panama-based reporting to have been associated with individuals involved in criminal activities in Panama; these allegations were never adjudicated. Heart has publicly acknowledged a background in email marketing and search engine optimization (SEO), and has claimed earnings of up to $60 million per year from these activities. The Panama-era allegations and their sourcing are of lower credibility and should be treated as unverified.","heading":"Founder Background and Prior Controversy","severity":"medium","sources":[{"credibility":2,"name":"Bitcoin News: Richard Heart The 'Spam King' — Full Story","type":"news_article","url":"https://bitcoinnews.com/richard-heart-spam-king/"},{"credibility":3,"name":"CoinBrain: All You Need to Know About Richard Heart","type":"other","url":"https://coinbrain.com/dictionary/all-you-need-to-know-about-richard-heart-the-founder-of-pulse-chain-and-hex"}]},{"content":"HEX achieved its all-time high price of approximately $0.556 on November 16, 2021, coinciding with the broader cryptocurrency bull market. The token subsequently declined over 90 percent through 2022, closing that year at approximately $0.019. A brief recovery saw HEX reach approximately $0.10 in March 2023, before resuming decline. As of early 2026, HEX trades near or below $0.001, representing a loss in excess of 99 percent from its all-time high. PLS (PulseChain) peaked at approximately $0.00032 in May 2023 and has since fallen approximately 97–98 percent from that level. The token price declines have been accompanied by persistent community concern and accusations that the staking mechanism rewards only early participants while creating continuous selling pressure from newly minted tokens.","heading":"Market Performance and Investor Losses","severity":"high","sources":[{"credibility":2,"name":"CoinGecko: HEX Price","type":"other","url":"https://www.coingecko.com/en/coins/hex"},{"credibility":2,"name":"CoinGecko: PulseChain Price","type":"other","url":"https://www.coingecko.com/en/coins/pulsechain"}]}],"sources_used":[{"credibility":1,"name":"SEC Press Release 2023-143: SEC Charges Hex Founder Richard Heart","type":"regulatory","url":"https://www.sec.gov/newsroom/press-releases/2023-143"},{"credibility":2,"name":"CoinDesk: U.S. SEC Sues Richard Heart, Hex, PulseChain on Unregistered Securities","type":"news_article","url":"https://www.coindesk.com/policy/2023/07/31/us-sec-sues-richard-heart-hex-pulsechain-on-unregistered-securities-fraud-allegations"},{"credibility":2,"name":"CoinDesk: Federal Judge Dismisses SEC Case Against Richard Heart","type":"news_article","url":"https://www.coindesk.com/policy/2025/02/28/federal-judge-dismisses-sec-case-against-richard-heart-citing-lack-of-jurisdiction"},{"credibility":2,"name":"CoinDesk: A Complete Victory for Richard Heart — SEC Walks Away","type":"news_article","url":"https://www.coindesk.com/policy/2025/04/23/sec-walks-away-from-case-against-hex-founder-richard-heart-attorney-says"},{"credibility":2,"name":"Decrypt: SEC Charges HEX Founder Richard Heart with $1 Billion Unregistered Securities","type":"news_article","url":"https://decrypt.co/150677/sec-charges-hex-founder-richard-heart-1b-unregistered-securities-offering"},{"credibility":2,"name":"Decrypt: US Court Dismisses SEC Case Against Richard Heart, Hex","type":"news_article","url":"https://decrypt.co/308431/us-court-dismisses-sec-case-against-richard-heart-hex"},{"credibility":2,"name":"The Block: HEX founder Richard Heart declares 'SEC lost and crypto won'","type":"news_article","url":"https://www.theblock.co/post/351621/hex-richard-heart-sec-fraud-suit"},{"credibility":2,"name":"The Block: Hex founder Richard Heart wanted by Interpol, Europol on charges of tax evasion and assault","type":"news_article","url":"https://www.theblock.co/post/332106/hex-founder-richard-heart-wanted-by-interpol-europol-on-charges-of-tax-evasion-and-assault"},{"credibility":1,"name":"CBS News: Hex crypto founder used investor funds to buy $4.3 million black diamond","type":"news_article","url":"https://www.cbsnews.com/news/richard-heart-fraud-hex-sec-lawsuit-black-diamond/"},{"credibility":2,"name":"Fortune Crypto: Crypto founder allegedly bought The Enigma, largest black diamond","type":"news_article","url":"https://fortune.com/crypto/2023/07/31/richard-heart-sec-lawsuit-hex-pulsechain-pulsex-1-billion-the-enigma-black-diamond/"},{"credibility":2,"name":"Protos: Richard Heart is still a fugitive, despite dismissal of SEC case","type":"news_article","url":"https://protos.com/richard-heart-is-still-a-fugitive-despite-dismissal-of-sec-case/"},{"credibility":2,"name":"Protos: Finland wants to detain Richard Heart, alleges millions in unpaid taxes","type":"news_article","url":"https://protos.com/finland-wants-to-detain-richard-heart-alleges-millions-in-unpaid-taxes/"},{"credibility":2,"name":"Yahoo News: Interpol Issues Red Notice for Hex Founder Richard Heart","type":"news_article","url":"https://www.yahoo.com/news/interpol-issues-red-notice-hex-054930437.html"},{"credibility":2,"name":"CoinTelegraph: SEC serves suit to evasive Richard Heart in Finland","type":"news_article","url":"https://cointelegraph.com/news/richard-heart-sec-hex-served-lawsuit-finland"},{"credibility":2,"name":"CryptoNews: Finnish Police Seize $2.6M in Luxury Watches from Hex Founder","type":"news_article","url":"https://cryptonews.com/news/finnish-police-seize-2-6m-in-luxury-watches-from-hex-founder-amid-tax-evasion-charges/"},{"credibility":2,"name":"Bitcoin News: Richard Heart The Spam King — Full Story","type":"news_article","url":"https://bitcoinnews.com/richard-heart-spam-king/"},{"credibility":2,"name":"BeInCrypto: HEX, a Bitcoin-Linked Ponzi, Slammed by Analysts","type":"news_article","url":"https://beincrypto.com/hex-a-bitcoin-linked-ponzi-slammed-by-analysts/"},{"credibility":2,"name":"Protos: Richard Heart and the curious launch of Hex, Pulse, and PulseX","type":"news_article","url":"https://protos.com/richard-hearts-curious-launch-of-hex-pulse-and-pulsex/"},{"credibility":2,"name":"CoinGecko: HEX Price","type":"other","url":"https://www.coingecko.com/en/coins/hex"},{"credibility":2,"name":"CoinGecko: PulseChain Price","type":"other","url":"https://www.coingecko.com/en/coins/pulsechain"}],"summary":"HEX is an ERC-20 token launched in December 2019 by Richard Heart (legal name Richard Schueler), marketed as a blockchain-based certificate of deposit with high staking yields. The U.S. Securities and Exchange Commission filed suit in July 2023 alleging Heart raised over $1 billion through unregistered securities offerings across HEX, PulseChain, and PulseX, and misappropriated at least $12 million for personal luxury purchases; a federal judge dismissed the case in February 2025 on jurisdictional grounds, and the SEC declined to refile. Separate from the U.S. action, Finnish authorities are pursuing Heart on charges of aggravated tax fraud and assault, and Interpol issued a Red Notice for his arrest in December 2024.","timeline":[{"date":"2002-01-01","event":"Richard Schueler (Richard Heart) sued under Washington State anti-spam law by Peacefire.org's Bennett Haselton for sending unsolicited commercial email with forged return addresses.","source":"Bitcoin News: Richard Heart The Spam King","source_url":"https://bitcoinnews.com/richard-heart-spam-king/"},{"date":"2019-12-02","event":"HEX token launched on Ethereum mainnet. Distribution begins via Bitcoin UTXO snapshot at 10,000 HEX per BTC held.","source":"CoinDesk: U.S. SEC Sues Richard Heart","source_url":"https://www.coindesk.com/policy/2023/07/31/us-sec-sues-richard-heart-hex-pulsechain-on-unregistered-securities-fraud-allegations"},{"date":"2020-11-19","event":"HEX launch/distribution phase concludes.","source":"Koinly: PulseChain Guide","source_url":"https://koinly.io/blog/pulsechain-guide/"},{"date":"2021-07-01","event":"PulseChain sacrifice phase begins, raising hundreds of millions in crypto assets.","source":"SEC Press Release 2023-143","source_url":"https://www.sec.gov/newsroom/press-releases/2023-143"},{"date":"2021-11-16","event":"HEX token reaches all-time high of approximately $0.556.","source":"CoinGecko: HEX Price","source_url":"https://www.coingecko.com/en/coins/hex"},{"date":"2022-02-01","event":"Richard Heart allegedly purchases 555-carat black diamond 'The Enigma' from Sotheby's for approximately $4.3 million (GBP 3.2 million), according to the SEC complaint.","source":"CBS News: Hex crypto founder used investor funds to buy $4.3 million black diamond","source_url":"https://www.cbsnews.com/news/richard-heart-fraud-hex-sec-lawsuit-black-diamond/"},{"date":"2022-03-01","event":"PulseX sacrifice phase ends. Total funds raised across PulseChain and PulseX offerings alleged by SEC to be in the hundreds of millions.","source":"SEC Press Release 2023-143","source_url":"https://www.sec.gov/newsroom/press-releases/2023-143"},{"date":"2022-11-01","event":"SEC begins investigation into HEX; subpoenas issued to influencers and promoters in Heart's network.","source":"CoinGeek: Richard Heart's HEX token plummets amid Ponzi allegations","source_url":"https://coingeek.com/richard-heart-hex-token-plummets-amid-more-ponzi-allegations-sec-investigation/"},{"date":"2023-05-13","event":"PulseChain mainnet launches.","source":"CoinMarketCap: PulseChain","source_url":"https://coinmarketcap.com/currencies/pulsechain/"},{"date":"2023-07-31","event":"SEC files civil complaint against Richard Schueler (Richard Heart) and HEX, PulseChain, PulseX in EDNY, alleging unregistered securities offerings raising over $1 billion and misappropriation of at least $12 million.","source":"SEC Press Release 2023-143","source_url":"https://www.sec.gov/newsroom/press-releases/2023-143"},{"date":"2024-09-13","event":"Finnish court issues remand order for Richard Schueler's arrest in connection with alleged aggravated tax fraud and assault charges.","source":"The Block: Hex founder Richard Heart wanted by Interpol, Europol","source_url":"https://www.theblock.co/post/332106/hex-founder-richard-heart-wanted-by-interpol-europol-on-charges-of-tax-evasion-and-assault"},{"date":"2024-12-18","event":"Interpol issues Red Notice for Richard Schueler at request of Finnish authorities for alleged aggravated tax fraud (potential liability of several hundred million euros) and assault of a minor. Europol also lists him as a Most Wanted fugitive. Finnish police seize approximately $2.6 million in luxury watches from a residence in Espoo.","source":"Yahoo News: Interpol Issues Red Notice for Hex Founder Richard Heart","source_url":"https://www.yahoo.com/news/interpol-issues-red-notice-hex-054930437.html"},{"date":"2025-02-28","event":"U.S. District Judge Carol Bagley Amon dismisses the SEC's complaint against Richard Heart and HEX, PulseChain, PulseX in its entirety, citing lack of jurisdiction. Court finds SEC failed to show Heart's communications were purposefully directed at U.S. investors.","source":"CoinDesk: Federal Judge Dismisses SEC Case Against Richard Heart, Citing Lack of Jurisdiction","source_url":"https://www.coindesk.com/policy/2025/02/28/federal-judge-dismisses-sec-case-against-richard-heart-citing-lack-of-jurisdiction"},{"date":"2025-04-21","event":"SEC notifies EDNY that it does not intend to file an amended complaint, formally closing the U.S. civil case against Richard Heart and HEX.","source":"CoinDesk: A Complete Victory for Richard Heart — SEC Walks Away","source_url":"https://www.coindesk.com/policy/2025/04/23/sec-walks-away-from-case-against-hex-founder-richard-heart-attorney-says"}]},"v":1}

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