• Discounts and special offers
  • Subscriber-only articles and interviews
  • Breaking news and trending topics

Already a subscriber?

By signing up, you accept Moneywise's Terms of Use, Subscription Agreement, and Privacy Policy.

Not interested ?

SEC blasts bold crypto claims

Heart, 43, began marketing Hex in 2018, according to the SEC complaint. He claimed it was the first high-yield “blockchain certificate of deposit” and said the tokens were “built to be the highest appreciating asset that has ever existed in the history of man.”

The complaint also says he touted Hex, his PulseX asset trading platform and PulseChain asset network as pathways to “grandiose wealth” — but the SEC believes the crypto influencer was tricking investors in order to line his own pockets.

Don't miss

Civil lawsuit

The SEC’s complaint — filed in the Eastern District of New York — seeks civil fines and the recovery of any gains from alleged wrongdoing.

“This action seeks to protect the investing public and hold Heart accountable for his actions,” said Eric Werner, director of the SEC’s Fort Worth Regional Office.

Hex, PulseX and PulseChain are also named as defendants.

What to read next

Bethan Moorcraft is a reporter for Moneywise with experience in news editing and business reporting across international markets.


The content provided on Moneywise is information to help users become financially literate. It is neither tax nor legal advice, is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional. We make no representation or warranty of any kind, either express or implied, with respect to the data provided, the timeliness thereof, the results to be obtained by the use thereof or any other matter. Advertisers are not responsible for the content of this site, including any editorials or reviews that may appear on this site. For complete and current information on any advertiser product, please visit their website.