The U.S. SEC has not yet received confirmation of service of the lawsuit against the founder of Hex, and the conference call has been postponed to January next year.

In a letter submitted by the U.S. SEC to the District Court for the Eastern District of New York, the SEC stated that on August 22, 2023, it had formally requested the Finnish Ministry of Justice to provide legal services to Pulsechain, PulseX and Hex founder Richard Schuele (also known as Richard Heart), and through him to Hex, PulseChain and PulseX served legal documents. But so far, the SEC has not received confirmation that the complaint was served on Richard Schuele. SEC lawyers will report to the court on their service status before December 15. If the case has not been served by then, they will apply for substitute service. At the same time, the conference call originally scheduled for November 28 has been postponed to January 30, 2024. (The Block) According to previous news, in July this year, the US SEC sued Hex and Pulsechain founder Richard Heart for allegedly selling unregistered securities. According to the SEC, Heart raised more than $1 billion by selling project tokens. The SEC said that Heart had previously made comments suggesting that Hex would rise, and the current price of Hex is down 98.4% from its historical high. In addition, the SEC pointed out that Heart misappropriated more than $12 million in customer funds and used them to purchase luxury goods for personal use instead of developing agreements. In September, Coinbase product director Conor Grogan posted on X that Richard Heart-related wallets (including PulseX/Pulsechain) hold at least 703 million DAI, accounting for 15.5% of all DAI in circulation. In November, Whale | Dinobet.io posted on the X platform that Richard Heart was evading the pursuit of the US SEC and there were rumors that he had recently fled from Finland to Russia.