Скачать или смотреть Court Dismisses SEC Lawsuit Against Hex Founder Richard Heart

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Hex Trust

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The lawsuit had accused Heart, whose real name is Richard Schueler, of raising more than $1 billion through unregistered crypto offerings.

Last updated: March 1, 2025

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Ruholamin Haqshanas

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Ruholamin Haqshanas

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Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

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March 1, 2025 at 15:01 GMT+2

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A U.S. district court has dismissed the Securities and Exchange Commission’s (SEC) lawsuit against Richard Heart, the founder of Hex, ruling that the agency lacked jurisdiction over his alleged activities.

The lawsuit had accused Heart, whose real name is Richard Schueler, of raising more than $1 billion through unregistered crypto offerings and misappropriating $12.1 million for personal luxuries, including the world’s largest black diamond.

However, in a Feb. 28 decision, Judge Carol Bagley Amon determined that the SEC failed to establish a direct connection between Heart’s activities and U.S. investors.

Judge Rules No U.S. Jurisdiction Over Crypto Misconduct Allegations.

The Judge noted that the alleged misconduct occurred through digital wallets and crypto...

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