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SEC cracks down on new $198M crypto fraud as it drops case against Hex’s Richard Heart – TON BOT

SEC cracks down on new $198M crypto fraud as it drops case against Hex’s Richard Heart

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The US SEC filed charges against a crypto scam operator, while dropping a case against Richard Heart, founder of Hex. The SEC accused Ramil Palafox of orchestrating a $198 million fraud involving cryptocurrencies. Palafox promised high returns on “membership packages” in a Ponzi-style payout system. Heart celebrated the SEC dropping his case, framing it as a win for open-source development and free speech.

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