TechFlow news, according to a document filed by the U.S. Securities and Exchange Commission (SEC) with the New York District Court on December 11, the Commission served the lawsuit to HEX founder Richard Heart via alternative service on October 31. Alternative service was used because the plaintiffs' legal representatives had failed for several months to successfully contact Richard Heart directly.
The legal representatives stated that over a period of nearly seven weeks starting from September 13, they repeatedly attempted to reach Heart through phone calls, text messages, letters, and even tried visiting his residence in Helsinki in person, all without success.
Earlier reports, in July the SEC sued Richard Heart, founder of Hex and Pulsechain, alleging he offered unregistered securities. According to the SEC, Heart raised over $1 billion by selling tokens for these projects, having previously made comments suggesting the value of Hex would increase.
