{"id":583467,"date":"2023-08-02T13:23:06","date_gmt":"2023-08-02T12:23:06","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=583467"},"modified":"2023-08-02T13:23:13","modified_gmt":"2023-08-02T12:23:13","slug":"hex-delisted-uniswap-ui-after-sec-suit","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/hex-delisted-uniswap-ui-after-sec-suit\/","title":{"rendered":"HEX Delisted From Uniswap UI After SEC Suit"},"content":{"rendered":"\n<ul><li>The Securities and Exchange Commission declared HEX and two other crypto projects led by Richard Heart as unregistered securities in a lawsuit.<\/li><li>Heart allegedly raised $1 billion from HEX, PulseChain, and PulseX since 2019, per the SEC&#8217;s claims in an Eastern District of New York court.<\/li><li>The token is now delisted on Uniswap&#8217;s front-end interface, though the token is still tradeable on crypto&#8217;s largest decentralized exchange.<\/li><\/ul>\n\n\n\n<p>Richard Heart&#8217;s HEX token is now delisted on leading decentralized exchange HEX days after the U.S. Securities and Exchange Commission (SEC) alleged that the token is an unregistered security in a lawsuit filed on July 31. <\/p>\n\n\n\n<p>The move does not mean that Uniswap users cannot trade the token. Rather, the crypto is removed from Uniswap&#8217;s front-end user interface and appears with a warning note. Traders can still swap HEX on the DEX by directly calling up the token&#8217;s smart contract. <\/p>\n\n\n\n<p>Uniswap added HEX to its list of unsupported tokens found <a href=\"https:\/\/unsupportedtokens.uniswap.org\/\" target=\"_blank\" data-type=\"URL\" data-id=\"https:\/\/unsupportedtokens.uniswap.org\/\" rel=\"noreferrer noopener nofollow\">here<\/a>. Cryptos in this list include coins delisted based on legal consideration and tokens that have proven to be scams or violate trademarks. <\/p>\n\n\n\n<h2>SEC Sues Richard Heart&#8217;s HEX And Pulse Projects<\/h2>\n\n\n\n<p>On July 31, the SEC sued Richard Heart whose government name is Richard Schueler. Heart was accused of raising at least $1 billion since 2019 from three crypto projects &#8211; HEX, PulseChain (PLS), and PulseX (PLSX). <\/p>\n\n\n\n<p>The complaint filed at a District Court in Eastern New York also named Uniswap as a trading venue for Heart&#8217;s tokens. According to the lawsuit, PulseX was launched as a Uniswap fork, and transactions of unregistered securities issued by Heart occurred on the DEX. <\/p>\n\n\n\n<blockquote class=\"wp-block-quote\"><p>Venue is proper in this District because many of the crypto asset transactions described herein took place on Uniswap, a so-called decentralized crypto asset trading platform whose developers are headquartered in Brooklyn.\u00a0<\/p><\/blockquote>\n\n\n\n<p>Included in the lawsuit are claims that Heart funneled cash invested in his crypto offerings toward funding a lavish personal lifestyle, thus defrauding investors of their money. The SEC has several cases against crypto founders including <a href=\"https:\/\/en.ethereumworldnews.com\/sec-sues-celsius-founder-alex-mashinksy\/\" target=\"_blank\" data-type=\"URL\" data-id=\"https:\/\/en.ethereumworldnews.com\/sec-sues-celsius-founder-alex-mashinksy\/\" rel=\"noreferrer noopener\">Alex Mashinsky<\/a>, Changpeng Zhao, and <a href=\"https:\/\/www.cnbc.com\/2023\/02\/16\/sec-charges-do-kwon-with-fraud-in-connection-with-terra-collapse.html\" target=\"_blank\" data-type=\"URL\" data-id=\"https:\/\/www.cnbc.com\/2023\/02\/16\/sec-charges-do-kwon-with-fraud-in-connection-with-terra-collapse.html\" rel=\"noreferrer noopener\">Do Kwon<\/a>. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Securities and Exchange Commission declared HEX and two other crypto projects led by Richard Heart as unregistered securities in a lawsuit. Heart allegedly raised $1 billion from HEX, PulseChain, and PulseX since 2019, per the SEC&#8217;s claims in an Eastern District of New York court. The token is now delisted on Uniswap&#8217;s front-end interface, though the token is still tradeable on crypto&#8217;s largest decentralized exchange. Richard Heart&#8217;s HEX token is now delisted on leading decentralized exchange HEX days after [&hellip;]<\/p>\n","protected":false},"author":55,"featured_media":583469,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[826,947,2],"tags":[109033,109035,109036,109034,5530],"_links":{"self":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/583467"}],"collection":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/users\/55"}],"replies":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=583467"}],"version-history":[{"count":1,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/583467\/revisions"}],"predecessor-version":[{"id":583468,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/583467\/revisions\/583468"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media\/583469"}],"wp:attachment":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=583467"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=583467"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=583467"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}