U.S. Judge Dismisses SEC Fraud Lawsuit Against Hex Crypto Founder
A federal judge has dismissed a lawsuit by U.S. securities regulators accusing Richard Heart, founder of Hex cryptocurrency, of conducting unregistered crypto offerings and defrauding investors of $12.1 million to purchase luxury items. The judge cited a lack of ties between Heart's alleged conduct and the United States as the reason for dismissing the case.
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