SEC scrutinises HEX, PulseChain and PulseX promotion

SEC subpoenas influencers over HEX, PulseChain and PulseX promotions, per Arcane Crypto's Eric Wall.

The U.S. Securities and Exchange Commission (SEC) has issued subpoenas to influencers who promoted the crypto projects HEX, PulseChain and PulseX. This was reported by CIO of Arcane Crypto, Eric Wall.

GUYS. IT’S HAPPENING. Hexicans influencers are getting subpoenad by the SEC over HEX, PulseChain and PulseX. The HEX information channels are filled with information about how to shred your digital evidence 😂😂😂 pic.twitter.com/PrTYBRT9Wc

— Eric Wall X 🏴 (@ercwl) November 5, 2022

“We believe you may have documents and data related to the ongoing investigation being conducted by SEC staff,” the regulator’s cover letter accompanying the researcher states.

Under the subpoena’s terms, recipients must provide the requested information by November 15, 2022.

In the comments, HEX community members called the news fake. Wall replied, inviting them to show unblurred versions of the documents.

“Are you taking good advice you were given? You think you know, but is that really the case? Do you use secret chats with self-destruct timers? Or are you learning the hard way?”

Hexicans: time to post the unblurred versions here. If they’re fake—no harm right? pic.twitter.com/QLbTYSR92l

— Eric Wall X 🏴 (@ercwl) November 5, 2022

“We believe you may have documents and data related to the ongoing investigation being conducted by SEC staff,” the regulator’s cover letter accompanying the researcher states.

“For clarity: this is not out of respect for the SEC. I’m just sharing the information. I know that most of the HEX community are trailer-park folks and people who recently left cults. Most of you didn’t know what you were doing. Good luck,” he wrote.

To be clear I have no respect for the SEC, I do not respect them. Just sharing the info. I know most hexicans are trailer park folks and people who got out of cults recently and most of you didn’t know what you were doing. Good luck. pic.twitter.com/CI7P1WkSQd

— Eric Wall X 🏴 (@ercwl) November 5, 2022

In the last 24 hours the token has fallen by almost 10%. HEX trades at around $0.035 — 93.1% below its January 2020 high (CoinGecko).

Earlier, Hart said that became the buyer of the rare black diamond The Enigma at Sotheby’s for $4.29m in cryptocurrency. He said the stone, under its new name HEX.com, would become the project community’s cultural heritage.

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