According to TechFlow, the U.S. Securities and Exchange Commission (SEC) stated in a document submitted to the New York District Court on December 11 that the Commission served an indictment on HEX founder Richard Heart through alternative service on October 31. The alternative service method was used because the litigation agent had not been able to successfully contact Richard Heart himself for several months.
The litigation attorney said that in the past seven weeks starting from September 13, they tried to contact Heart multiple times through phone calls, text messages, letters, etc., and tried to contact him in person at his residence in Helsinki, but all ended in failure. .
Earlier news, in July, the SEC sued Richard Heart, the founder of the Hex and Pulsechain projects, for allegedly selling unregistered securities. According to the SEC, Heart raised more than $1 billion by selling tokens for these projects. He had previously made comments suggesting that the value of Hex would increase.