As we get closer to the SEC court case against Richard Heart on October 31st I will share more and more about what is going on
This post will be a sort of TLDR version
Richard raised money for hex
Hex went up 10,000x
Hex was built on Ethereum
Hex is an ERC20. So its as fast and easy to send as eth itself
However, with hex, you can lock it from 1-5555 days to get more hex
Eth became too expensive, remember when swaps were like $300! Richard always said he will fork Ethereum if fees ever get so bad
Enter pulsechain
He raised money for Pulsechain
He also raised money for PulseX
Raised billions of dollars, hundreds of million if you exclude all the hex he raised (So eth, btc, USDC etc etc )
SEC claims, during this period, richard marketed targeting Americans while on American soil, and used a tiny portion of these funds, to buy watches cars and the worlds largest diamond
But he didn’t come to America until AFTER the raise was already finished, so that should be interesting to see how it gets played out
Also, what if richard has the receipts and decides to show them, what if it turns out he bought all those things with his own money. He was already rich when he was mining bitcoin back in 2011, maybe he used bitcoin, who knows
The funny thing is. The SEC is trying to sue the hex, Pulsechain and pulsex software
It would be like SEC vs Hive the chain itself…
It makes no sense
11 of Richard’s lawyers are the top lawyers in the space, the same ones that prevented Elon musk from paying billions in fees against the SEC
The court date got moved to Halloween
Seems like there will be a buy and rumour event moment happening leading up to this oct 31st court day, Hex has gone up 5x in the past 20 days…
Yes, 5x… imagine if hive went to $1 in 3 weeks… that what hex just did and can keep going higher…
If you really jump down the rabbit hole, youll find out why there is such a massive community in the shadows ready to come to light
Especially if this case sets some precedent that carry’s forward to help out the entire crypto space
Funny thing is, the WORST thing that can happen, is richard pays a tiny fee.
How tiny? He wont feel it.
An example why
Last year, i forget what exactly happened, but stable coins lost their peg. I forget which one, I think USDT became $0.89 for some reason, well richard bought over $40,000,000 worth of USDT.. then, when the price pegged, he was up over $4,000,000 in profit…
Moves like this happen often. So when the worst case scenario is a couple of million dollars in fines, who cares.
Silly people think richard will go to jail… the SEC doesn’t arrest people… so its just morons yapping like most of social media lol