Uniswap Delists HEX Following SEC Lawsuit; HEX Loses Over 40%
Uniswap, the largest decentralized exchange by trade volume, has delisted HEX following a lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against the creator of the Hex blockchain, Richard Schueler (Richard Heart), and his companies Pulsechain and Pulsex. The SEC accuses Heart of selling unregistered crypto tokens and defrauding investors. As a result, HEX has lost over 40% of its value against the U.S. dollar.
Here are the key points:
– HEX has shed over 40% of its value against the U.S. dollar in the past two weeks.
– The SEC filed a lawsuit against Richard Heart and his companies for selling unregistered crypto tokens and misappropriating funds.
– Uniswap, the largest decentralized exchange, has delisted HEX from its interface.
– The top 10 wallets hold around 60.89% of the circulating supply of HEX.
– PLS, the native asset for Pulsechain, is up 25% in the past day but has lost 42.3% against the U.S. dollar in the last seven days.
In conclusion, the SEC lawsuit against Richard Heart and the delisting of HEX from Uniswap have had a significant impact on the value of the cryptocurrency. Investors should be cautious and closely monitor any developments in this case.
Hot Take: The SEC’s actions against HEX and Richard Heart highlight the regulatory challenges faced by the crypto industry. This incident serves as a reminder for investors to conduct thorough due diligence before investing in any cryptocurrency.
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