Richard Schueler, often known as Richard Coronary heart within the crypto business, has been sued by the US Securities and Change Fee (SEC) for allegedly conducting a sale of unregistered securities. Coronary heart is the founding father of Pulsechain, PulseX, and the controversial undertaking Hex, by way of which he raised greater than $1bn by promoting tokens. The SEC claims that Coronary heart violated federal securities legal guidelines and defrauded buyers by making false statements concerning the worth of Hex. The SEC additionally alleges that Coronary heart misappropriated at the very least $12m of buyer funds for private purchases of luxurious gadgets, together with sports activities vehicles and watches