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0 sats \ 2 replies \ @chungkingexpress 31 Jul 2023 \ parent \ on: The SEC files a securities fraud lawsuit against Richard Heart, founder of $HEX bitcoin
Really? What happened?
Richard Heart became known in the bitcoin community in 2017 for his bitcoin commentary streams on YouTube, and particularly for his debate with Roger Ver which stood out for how civil and respectful both sides were while Heart did a decent job defending against the big blocker argument: https://www.youtube.com/watch?v=AkbSrmsYJ9c
After the crash of 2017/2018, Richard, if you want to take him at his word, got badly rekt. He used to shill BitMEX referral links so he may have been also playing with a lot of leverage at the time and gotten liquidated. Here he is nearly brought to tears as he explains this in an interview at the time: https://youtu.be/w8_1JFE_9dI?t=4090
So having accepted that bitcoin was not going to be a simple path to immediate mega-wealth, and likely with a lot of jealousy of the unscrupulous ICO pumpers of the time, he says plainly (from earlier in the same interview) that he is planning to join their ranks:
https://youtu.be/w8_1JFE_9dI?t=2792
And sure enough he did, having raised an enormous fortune in the following years from his several coin launches. My guess, based on the SEC's track record and the fact that Richard has been based overseas for many years, is that he will remain a very wealthy man when all this is said and done.
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Thanks
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