🔍 SEC Charges Richard Heart: The U.S. Securities and Exchange Commission (SEC) has charged Richard Heart, associated with the Hex crypto-token, with illegally raising over $1 billion through three unregistered crypto offerings.
💰 Fraud and Lavish Spending: Heart is accused of misappropriating $12.1 million from investors for personal luxuries, including sports cars, expensive watches, and a rare black diamond named 'The Enigma'.
📉 Value Decline and Heart's Response: The value of Hex has dropped by over 98% since its peak. Heart, claiming to be a 'force for good', is unreachable for comments and can't be found until today. The SEC seeks penalties and the recovery of ill-gotten gains.
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