The U.S. SEC has been a nightmare to many in the crypto space as they have relentlessly pursued actions against numerous crypto projects, founders, and influencers.
As per latest reports, it seems like many HEX influencers have been subpoenaed by the government body. Eric Wall, a famous crypto evangelist first broke the news on Twitter, where he shared the official documents sent by the SEC.
The Hexican community was quick enough to dismiss these as FUD, but allegedly, an ex-SEC lawyer by the Twitter handle Marc_Fagel opined the letters circulating on Twitter to be genuine.
“There’s nothing about the subpoena to indicate it’s not legitimate. It looks exactly like the hundreds I signed while there”
He also replied to Eric Wall’s exposé tweet & confirmed that, “it’s almost certainly legit,”.
Richard Heart & His Project HEX
Richard Heart, the founder of Hex and its sub-projects viz. Pulsechain, PulseX, etc posted a mysterious tweet that indicated towards utilizing secret chats (Telegram) or chats with self-destruction mode. This has raised the eyebrows of skeptics & many think it’s targeted to the influencers who have been subpoenaed.
Since its inception in the year 2019, HEX cryptocurrency has increased by 948,00%. The average return on the HEX project has been 38%, making it seem like a successful venture. HEX made it quite clear on its official website that they don’t run any Ponzi schemes.