SEC Issues Subpoenas To Influencers Of HEX Project

Many people in the cryptocurrency industry have experienced nightmares because of the U.S. SEC’s aggressive pursuit of legal action against various crypto ventures, founders, and influencers. In a recent incident, the SEC served subpoenas on influencers who were pushing a cryptocurrency project with a $7 billion market worth.

According to recent sources, it appears that the federal agency has subpoenaed a large number of HEX influencers. The revelation was initially announced on Twitter by well-known crypto advocate Eric Wall, who posted the actual SEC records.

The Hexican community quickly labeled them as FUD, but supposedly one ex-SEC attorney with the Twitter handle Marc Fagel believed the letters going around on the platform were real.

Richard Heart, the creator of Hex and its subsidiary projects such as Pulsechain, Hex, and PulseX, sent a cryptic tweet that encouraged using Telegram’s private chat feature or conversations with self-destruction mode. Skeptics have expressed concern over this, and many believe it is intended for the influencers who have received subpoenas.

HEX is an ERC20 token launched on the Ethereum blockchain. It is anticipated to serve as a crypto savings and value store. The average return for HEX cryptocurrency owners was 38%, much more than the 2% yearly interest rate offered by U.S. institutions.

The value of the HEX cryptocurrency has climbed by 948,00% since its launch in 2019. The HEX project appears to have been a profitable endeavor because its average return has been 38%. On its official website, HEX made it quite clear that it doesn’t operate any Ponzi schemes.

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