US Court Dismisses SEC Lawsuit Against HEX Cryptocurrency Project Founder

Suehyeon Lee

Summary

The US court announced that it has dismissed the SEC's lawsuit against the founder of cryptocurrency HEX.
The SEC had claimed that Richard Heart used investment funds to purchase expensive watches and diamonds.
This dismissal could serve as a positive signal for investors related to HEX.

A US court has put a brake on the Securities and Exchange Commission's (SEC) lawsuit regarding the cryptocurrency HEX.

According to Watcherguru on the 1st (local time), a US court dismissed the SEC's lawsuit against Richard Heart, the founder of HEX.

Previously, the SEC had charged Heart with securities fraud and unregistered securities sales, claiming that Richard Heart used funds raised from investors to purchase luxury items such as expensive watches and diamonds.

Suehyeon Lee

shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.

US Court Dismisses SEC Lawsuit Against HEX Cryptocurrency Project Founder

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