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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.

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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.

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Bethan Moorcraft

Bethan Moorcraft

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

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