A U.S. court dismissed SEC’s charges against Richard Heart, the founder of Hex, in a cryptocurrency fraud case. The judge stated that the SEC failed to prove U.S. jurisdiction
Heart was accused of defrauding investors of $12.1 million and buying luxury items. After the court’s decision, Heart’s cryptocurrencies — PulseChain, PulseX, and HEX — saw a sharp price increase
However, despite the victory, Heart remains under investigation by authorities