Finland Authorities Seek Hex Founder Richard Heart on Alleged Assault, Tax Evasion Hex and PulseChain founder Richard Schueler, also known as Richard Heard and Richard Heart, is under criminal investigation in Finland for gross tax evasion and assault. Finnish police suspect Schueler of failing to pay hundreds of millions of euros in taxes and have remanded him in custody in absentia. The investigation was initiated by the Finnish Tax Administration due to discrepancies in Schueler's tax returns.

Hex Trust, a Hong Kong-based crypto custodian, announced the issuance of the first native stablecoin USDX on Layer-1 blockchain Flare. USDX also becomes the first native stablecoin on the Flare blockchain. This stablecoin is backed by the US dollar or equivalent assets at a 1:1 ratio and can be used in lending protocols and exchanges. It also features a dedicated staking mechanism called T-Pool, which is created by decentralized credit market Clearpool.

Hong Kong-based cryptocurrency custodian Hex Trust announced that it has received Deloitte's SOC 1 Type II certification on the X platform. Earlier today, it was reported that Hex Trust plans to conduct a new round of funding this year, but it has not yet been determined whether it will take place in the first half of this year or the second half of the year as investors remain cautious.

Hong Kong-based cryptocurrency custodian Hex Trust is looking to turn a profit and raise a new round of funding against the backdrop of the recovery of the virtual asset market. Alessio Quaglini, co-founder and CEO of Hex Trust, said the company expects to be profitable this year due to the surge in cryptocurrency prices in recent months, while planning a new round of funding, but it has not yet been determined whether it will take place in the first half or second half of the year as investors remain cautious. Hex Trust closed an $88 million Series B funding round in March 2022 at a valuation of $300 million from investors including Animoca Brands, Liberty City Ventures, Ripple, Terraform Labs, Morgan Creek, Primavera Venture Partners, LeadBlock Partners, and Protocol Labs and Adrian Cheng (CEO of Hong Kong real estate giant New World Development), among others. (South China Morning Post)

According to Whale_ Monitor, 2,677,016,090 HEX tokens (equivalent to approximately 27,314,264 US dollars) have been transferred from an unknown wallet to a burn address.

The U.S. Securities and Exchange Commission (SEC) said it had served the indictment at the home of HEX founder Richard Schueler (aka Richard Heart) in Helsinki, the capital of Finland. In a Dec. 11 filing in New York District Court, the SEC said the commission served the indictment on Richard Schueler Oct. 31 with alternative service. In the nearly seven weeks that began on Sept. 13, the subpoenas said they had made several unsuccessful attempts to serve the subpoena in person on Heart by phone, text message, letter, and in person at their residence in Helsinki. The SEC sued Heart in July, alleging that he made more than $1 billion from the sale of Hex, PulseChain (PLS) and PulseX (PSLX), which the SEC claims are unregistered securities. It also claimed that Heart had defrauded U.S. and overseas investors of at least $12 million in money to buy "555-carat BCD, expensive watches, and high-end cars." In a status report filed with the court in early November, the S.E.C. said it had not been able to locate Heart to serve the lawsuit since Aug. 22, despite knowing that he was somewhere in Helsinki.

PANews reported on November 27 that, according to The Block, a recent filing shows that although the SEC asked the Finnish Ministry of Justice to serve the lawsuit on Schueler, who lives in Helsinki, in August, the SEC has not yet received the news that Schueler has been served. In addition, the conference call scheduled for Nov. 28 has been postponed to Jan. 30, 2024, by Magistrate Peggy Kuo, who is in charge of cases in the Eastern District of New York. Hex and PulseChain founder Richard Schueler (also known as Richard Heart) was previously charged by the SEC with allegedly selling unregistered securities.

On November 27, it was reported that in a letter filed by the U.S. Securities and Exchange Commission (SEC) to the U.S. District Court for the Eastern District of New York, the SEC said that it had formally requested the Finnish Ministry of Justice on August 22, 2023 to serve litigation documents on Pulsechain, PulseX and Hex founder Richard Schuele (aka Richard Heart), as well as Hex, PulseChain and PulseX through him. But to date, the SEC has not received confirmation of service from Richard Schuele. SEC attorneys will report to the court on service by December 15 and will apply for substitute service if service is not done by then. Meanwhile, the conference call scheduled for Nov. 28 has been postponed to Jan. 30, 2024. The U.S. Securities and Exchange Commission (SEC) sued Pulsechain, PulseX, and Hex founder Richard Heart for allegedly selling unregistered securities, saying it raised more than $1 billion by selling project tokens. The SEC said Hex, PulseChain and PulseX violated the federal securities laws through the issuance and sale of unregistered securities. In addition, by misappropriating investors' assets, Richard Heart deceived investors.

PANews reported on November 15 that according to CoinDesk, crypto asset custodian Hex Trust has obtained a full operating license from the Dubai Virtual Assets Regulatory Authority (_A). The operating license is the final approval of _A's regulatory regime for crypto service providers, which came into effect earlier this year. Hex Trust received a regulator-approved Minimum Viable Product (MVP) operating license in February this year, completing the final step of the licensing process to enable the company to continue providing cryptocurrency custody services to institutional clients and accredited investors in Dubai. In addition, Hex Trust was approved by the French financial market regulator in August to provide digital asset custody, buying, selling, and trading services.

On November 15, it was reported that Hex Trust, a digital asset custodian, obtained a full operating license from the Dubai Virtual Assets Regulatory Authority (_A). The operating license is the final approval of the _A's regulatory regime for crypto service providers, which came into effect earlier this year. Hex Trust received regulatory approval to operate a minimum viable product (MVP) license in February this year, completing the final step of the licensing process that allows the company to continue providing crypto custody services to institutional clients and sophisticated investors in Dubai.

On November 14, it was reported that Hex Trust, a digital asset custodian, will provide custody services for the STASIS EURO euro stablecoin EURS.

According to PANews on August 2, according to CoinDesk, the digital asset custody company Hex Trust has registered with the French Financial Market Authority (AMF) and the Prudential Regulation Authority (ACPR) to provide digital asset custody, purchase, sale and transaction services. Hex Trust said the registration was "an important milestone" in its European expansion plans, following approval in Italy last year.

SEC Sues Hex Token and PulseChain Creator Richard Heart for Raising $1 Billion in Unregistered Securities The Securities and Exchange Commission has filed a lawsuit against Richard Heart, the operator behind Hex token, PulseChain, and PulseX, accusing him of raising over $1 billion in unregistered securities offerings since 2019. The SEC claims that Heart used investor assets to buy luxury goods, including luxury cars, watches, and a black diamond. Heart also allegedly manipulated the trading volume of Hex to create a false impression of demand.

According to a report by The Block on July 31, the U.S. Securities and Exchange Commission (SEC) sued Richard Heart, founder of Pulsechain, PulseX and Hex, for allegedly selling unregistered securities, claiming that he sold project tokens to raise more than $1 billion. The SEC said Hex, PulseChain, and PulseX violated federal securities laws through unregistered offerings and sales of securities. Additionally, by misappropriating investor assets, Richard Heart defrauded investors.

Odaily Planet Daily News The US SEC sued Hex and Pulsechain founder Richard Heart for allegedly selling unregistered securities. According to the SEC, Heart raised more than $1 billion through the sale of project tokens. The SEC stated that Heart had previously made comments suggesting that Hex would rise, and the current Hex price has fallen by 98.4% from its historical high. In addition, the SEC pointed out that Heart misappropriated more than $12 million in client funds for personal purchases of luxury goods, rather than development agreements. (The Block)

Jinse Finance reported that the U.S. Securities and Exchange Commission (SEC) sued Richard Schueler (Heart), the founder of the Pulsechain, PulseX and Hex projects. According to the SEC, Heart raised more than $1 billion by selling tokens for the projects and has made comments suggesting that Hex will appreciate in value. The SEC alleges that Heart defrauded investors by misappropriating at least $12 million of client funds for personal purchases of luxury goods rather than developing agreements.

Jinse Finance reported that Animoca Brands Japan announced a partnership with Honda to provide web3 fan engagement experiences for motorsport events starting with the Indy 200 in Central Ohio starting next month. As part of the initiative, Honda will use blockchain technology to provide fans with exclusive physical and digital prizes and experiences. The collaboration involves a third party, Gryfyn, which provides custodial crypto wallets. Gryfyn is a joint venture between Animoca and Hong Kong-based digital asset custody firm Hex Trust.

How much is it worth to buy $100 of HEX coins in January 2020? $903,454.29! ! !

PANews news on May 22, Tornado Cash community member Tornadosaurus-Hex said in the forum that Tornado Cash attackers released a new proposal to restore the governance status, and "it is very likely to implement it", he gave in the malicious proposal own TORN as "lockedBalance-s" and reset it to 0. If the proposal is passed, the malicious code integrated by the attacker into the protocol will be deleted, and token holders will regain control of Tornado Cash's DAO governance. Tornadosaurus-Hex said he or someone else would need to come up with a proposal to update the governance contract. Tornadosaurus-Hex is ready to fix the logic, but needs to verify the storage layout so that agent upgrades don't break the contract. Tornadosaurus-Hex also said, "We know that there is no choice for this proposal, but it is still important." According to yesterday’s news, Tornado Cash suffered a governance attack, and the attacker obtained a total of 483,000 TORN.