The SEC has filed three separate lawsuits against PulseChain Corporation and its founder, Richard Heart, as well as his new blockchain venture Hex, alleging the sale of unregistered securities and fraudulent activities.
The U.S. Securities and Exchange Commission has raised suspicion on Richard Heart’s $26 million worth of transactions related to the ERC-20 token “Tornado Cash”, with a focus on investors exchange behavior, possible market manipulations, and money laundering.
The Securities and Exchange Commission is raising concerns after Richard Heart made transactions worth $26 million during the recent Tornedo Cash Bitcoin scam. The SEC issued a statement regarding Heart’s actions, claiming “potentially suspicious activity.