/biz/ - Business & Finance

>>56721674
The 16 November Order to Show Cause also implies it.

He hasn't streamed from the Finland throne room since August 2022. He hasn't shown his face onstream since January 2023.
This 14 November SEC press release labelled him as a massive fraudster alongside Do Kwon and SBF.

TRM Labs also flagged HEX and the Pulsechain bridge as decentralized investment fraud. That's why Uniswap delisted HEX from their frontend.

The SEC and TRM Labs work closely with the DOJ. If they're both labeling him as a fraudster, the DOJ will probably charge him with fraud too—especially if he continues hiding and refusing to cooperate.

The DOJ might have already filed a sealed indictment and we wouldn't even know it.
They kept Ruja Ignatova's indictment sealed for 13 months as they tried to locate her to make an arrest. (Onecoin)

They kept Paul Vernon's indictment sealed for 29 months as they tried to locate him. (Cryptsy)

The Pulsechain bridge was #10 on L2beat and now it's down to #25. Big money isn't going to touch it while the keyman is in hiding and the DOJ nuke could stike any day.

Side note: Richard and Ruja both spent $1 million on the same jewelry brand

nice thread Eric, how are you doing?

Further analysis of the overness featuring opinions from securities lawyers and chainalysis:

https://old.reddit.com/r/HEXcrypto/comments/17xcstr/yo_hexicans_what_does_the_sec_update_mean_exactly/k9r7pro/

https://old.reddit.com/r/Pulsechain/comments/17gxa5z/are_these_really_rhs_addresses_or_is_this/

https://old.reddit.com/r/Pulsechain/comments/17gxa5z/are_these_really_rhs_addresses_or_is_this/k78jezd/

The valuation and liquidity are completely centralized around RH:

- pays 6 figure monthly server bills to run the dominant RPC

- holds 95% of the supply

- funds the devs

- controls the $750M liquidity

- controls the only significant onramp/offramp

It will nuke like Safemoon if the DOJ unseals a fraud indictment against RH. That could happen any day in the next 1-3 years.

Big money won't touch the bridge knowing this, regardless of what the chart looks like.

Nobody has bridged in significant funds since the SEC announcement—except for this address that's suspected to be RH / God Whale

https://etherscan.io/advanced-filter?fadd=0x22c0087056d5bfcaaa1d9b953cdcc3536db0aa75%2c0x1715a3E4A142d8b698131108995174F37aEBA10D&tadd=0x1715a3E4A142d8b698131108995174F37aEBA10D%2c0x22C0087056d5bfCAAa1D9B953cDCc3536Db0Aa75&txntype=2&qt=1

https://old.reddit.com/r/Pulsechain/comments/17gxa5z/are_these_really_rhs_addresses_or_is_this/k6tjixb/

He tried to pump it when the ETF momentum started. It failed to fomo any significant deposits to the bridge. People were dumping on him and bridging out—so he dumped on them yesterday to give them lower prices and retain some DAI.

nobody care about LINK and HEX
kys

Genius GENI is interesting if RH debacle dissuades you from Hex

Only problem is Robert let some random guy get 30% of all GENI through its sacrifice, totally retarded but whatever

>>56722544
>>56722544
To clarify, Genius (GENI) is also a blockchain certificate of deposit, but it has a collateral vault system which allows you to mine (timelock stake) with native gas token of the chain and stablecoins as well as GENI itself. Miners pay out in GENI at maturity, yada yada yada

DOJ charges were filed 2 to 15 months after the SEC charges in these crypto cases:
Bitcoin Savings & Trust
REcoin Group
Arisebank
Bitconnect
Forsage

DOJ charges were unsealed 13 to 29 months after they were filed in these crypto cases:
Onecoin
Crypsty

Therefore, the DOJ announcement giga-red-dildo could hit the RH ecosystem any day in the next 4 years.
DOJ nuke incoming eventually. Seek shelter across the bridge on Ethereum before it strikes.
https://www.youtube.com/watch?v=tHyQpEALOiw

>>56722019
who is Ruja? was she the onecoin mastermind?

>>56722065
Disgusting white nigger
>This queer is spending hexitards money
but also based for that

>>56723107
>who is Ruja? was she the onecoin mastermind?
Yes.
RH is the new Ruja. There are still delusional Ruja cultists who believe she will reappear and save Onecoin. Even after she made the FBI's top 10 most wanted.

Onecoin was co-founded by an MLM pro similar to RH. His name was Sebastian Greenwood and he was sentenced to 20 years in prison.
https://youtu.be/ZoklPHEjXl4

>>56723334
I don't think he'll get apprehended though.
He's no a noob like Do Kwon, Su Zhu, or the Safemoon guys. He's been in the MLM/fraud game for decades.
He knew the jig was up when HEX influencers started receiving subpoenas and the HEX postcard guy was visited by the FBI in November 2022.
He's likely in an non-extradition country changing his appearance and assuming a new identity. That's why he's been broadcasting audio recordings instead of showing his face on camera for the past 11 months.

>>56723119
>Dick Schuler
>White
That's a jew

>>56722065
God I love that image. Words can’t express the downfall of hedonism any better

>>56721681
>Judge Kuo

>>56721716
is this why he changed the way the one would interact go hex com and the pulse bridge? if you don't know what i'm referring to, check the sites out. it's almost as if this is to place all of the liability on the user now.

>>56723577
She's going to hammer him with a severe default judgement if he keeps hiding from the SEC
Hexicans are so delusional half of them believe she will drop the case if he keeps hiding

>>56722065

The godwhalr invested in the Eth Ico in 2014. Richard was hating on Ethereum 2017-2019. It doesn't make sense to FUD your bags as hard as he did, because he later cried on stream because he didn't buy Eth earlier.

>>56723647
I think so. His noncompliance will eventually lead to DOJ charges getting unsealed.
They could seize his .com websites like they did with 1Broker in 2018

>>56723477
Exactly. Richard is smarter and will live out his days like many other ancaps. He’s probably the new McAfee desu

>>56723702
You can still buy ICO wallets for a large premium.

>>56723702
>Richard was hating on Ethereum 2017-2019
He larped as a BTC maxi for less than 1 year.

27 May 2017: https://x.com/RichardHeartWin/status/868521865115029504
20 May 2018: https://x.com/RichardHeartWin/status/998223129997709313
--------------------
There's strong economic evidence that the God Whale is RH:

1) He pumped 30k+ ETH into HEX. His pumping greatly increased the fomo for the Pulsechain and PulseX sacrifices.

2) He sacrificed 17777 ETH for PLS and PLSX. It would've been more profitable to sacrifice ~2% of his oversized HEX position if he was an independent whale. His HEX position was up ~$1.5 billion on paper at the time of the sacrifices with no liquidity to ever cash that out.

He also donated $400k to fund RH's movie
--------------------
There's weak evidence that the God Whale is not RH (both could easily be psyops):

1) RH was a BTC maxi for less than 1 year according to his Twitter/Youtube history

2) The God Whale sent 830M eHEX to BankX
--------------------
An accused fraudster went on a major podcast and larped as if he speaks with an urban accent:
https://youtube.com/live/P9JiRZXFtU8?feature=shared&t=515

And you didn't believe he could do a couple simple larps to obfuscate his God Whale addresses, anon?

>>56723728
There was some luck involved too. His trip to USA in August 2022 was reckless. He's lucky he didn't get Charlie Shrem'd in the airport.

>>56723906
He did say he got detained by police at Best Buy. I wonder if there's more to that story. HEX influencers started receiving subpoenas in November 2022—so he was probably already under investigation in August 2022 when he visited USA.

>>56723930
>He did say he got detained by police at Best Buy.
probably some sort of shakeup to gather credit card info from him in order to track his scam spendings. 100% they already had a case on him at this point. didn't make sense to arrest him at this point as the "sacrifice" aftermath was still ongoing and richard kept incriminating himself nonstop

>>56723965
Interesting theory.
I wonder if they were already investigating him in February 2022 when he tried to buy the diamond from Sotheby's too.
He said he was having problems finalizing the payment, he never showed it on camera, and he abandoned his idea of creating an NFT project with the diamond.

Or it was just the bank/broker taking issue with the ~$5M obviously tracing back to Tornado:

>On January 26, 2022, after the official closing of the PulseChain Offering, more than $26.5 million of Tether was transferred from the Private Wallet in 22 back-and-forth transactions resulting in approximately $26 million in ETH being deposited to the Private Wallet. Next, it appears as if Heart transferred, or directed the transfer of, $26 million in ETH through a crypto asset mixer (“Mixer”)—that facilitates anonymous transactions by obfuscating their origin, destination, and counterparties—and then through at least 50 intermediary wallets before ending up on three purported crypto asset platforms.

That matches these addresses:

>>56724127
Deposited 10800 ETH and 5400 ETH from the Pulsechain sacrifice to Tornado on 26 January 2022:

https://etherscan.io/address/0x1B7BAa734C00298b9429b518D621753Bb0f6efF2

https://etherscan.io/address/0x51b58df30bff11b05f1482f062ffbedf61d7a642

Withdrew 5600 ETH from Tornado on 27-28 January 2022. Swapped it for USDC and deposited to the HEX/USDC 1% fee pool on Uniswap v3:

https://etherscan.io/advanced-filter?tkn=0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48&txntype=2&fadd=0xe05e653453f733786f2dabae0ffa1e96cfcc4b25&tadd=0xe05e653453f733786f2dabae0ffa1e96cfcc4b25&mtd=0x88316456%7eMint&amt=200000%7e300000&age=2022-01-27%7e2022-02-05

Dumped 28M HEX and deposited 2082 ETH ($5 million) to Gemini on 26-28 January 2022:

https://etherscan.io/advanced-filter?tkn=0x2b591e99afe9f32eaa6214f7b7629768c40eeb39&txntype=2&fadd=0x02bc1c32357a9ddafec86982de3c860419c785fc&tadd=0x02bc1c32357a9ddafec86982de3c860419c785fc&mtd=0x5f575529%7eSwap

https://etherscan.io/advanced-filter?fadd=0x02bc1c32357a9ddafec86982de3c860419c785fc&tadd=0x32F8b59700643FCb4808D3F219f1bcd61A3B115e&txntype=0&qt=1

Then RH tried to buy the diamond from Sotheby's 6 days later:

>In additional transactions occurring after the Mixer transfers, Heart misappropriated approximately $5 million of PulseChain investor assets, sending a majority of the assets to Sotheby’s in February 2022 to purchase a 555-carat black diamond called “The Enigma,” purportedly the largest black diamond in the world. Heart purchased the diamond for £3,161,000 ($4.28 million at the time of the transaction), funding the purchase by transferring both ETH and fiat currency to Sotheby’s.

Where in the world is RH?

Afghanistan
Algeria
Andorra
Angola
Armenia
Bahrain
Bangladesh
Belarus
Bhutan
Bosnia and Herzegovina
Brunei
Burkina Faso
Burundi
Cambodia
Cameroon
Cape Verde
Central African Republic
Chad
China
Comoros
Congo (Brazzaville)
Congo (Kinshasa)
Djibouti
Equatorial Guinea
Eritrea
Ethiopia
Gabon
Guinea
Guinea-Bissau
Indonesia
Iran
Ivory Coast
Kazakhstan
Kosovo
Kuwait
Laos
Lebanon
Libya
Madagascar
Maldives
Mali
Marshall Islands
Mauritania
Micronesia
Moldova
Mongolia
Montenegro
Mozambique
Myanmar
Namibia
Nepal
Niger
North Korea
Oman
Qatar
Russia
Rwanda
São Tomé and Príncipe
Saudi Arabia
Senegal
Serbia
Somalia
South Sudan
Sudan
Syria
Taiwan
Tajikistan
Togo
Tunisia
Turkmenistan
Tuvalu
Uganda
Ukraine
United Arab Emirates
Uzbekistan
Vanuatu
Vatican City
Vietnam
Yemen
Zimbabwe

Meanwhile binance pumps when DJO demands 4 BILLION payment. Pulse will eventually pump to high heaven regardless of whether Richy is charged. just like when hex pumped and all those retard hexicans made bank, the new, dumber breed of pulsicans will get filthy rich and leave biz and twitter anons seething

>>56724729
Binance likely spent hundreds of millions on a top tier legal defense to negotiate that deal to avoid criminal charges and sanctions.
They've been helping federal authorities freeze funds and build cases since their inception too. They didn't ghost the feds and refuse to comply like RH appears to be doing.

>>56725150
miss piggy goes to hollywood. part two: miss piggy goes to jail

Ironically he hasn’t even rugged or scammed anyone. The legal bodies chasing him are the ones hurting investors here.

>>56721674
Why does this fat cunt get to be filthy rich while I'm poor as shit? He spends his money on obscenely tacky clothing like he wants to become a parody of the nouveau riche, but he's real, how? Why?

>>56725702
>t. richard

>>56725695
saying that the eth recycling wasn't a scam is really coping it up to a new height.

>>56726074
Does Richard insult himself regularly?

>>56721674
How come this alpha chad that made so many of us rich make biz seethe so hard?

>>56726289

>>56723728
McAfee wasn’t a faggot tho

>>56726685

>>56721741
big vern, haven't heard that name in years

>>56722869
They have been moving a bit faster in the last year on crypto scammers, expect no more than 6 months for RH criminal indictments.

>>56727023
Less than 6 months until DOJ nuke?!

https://www.youtube.com/watch?v=cURcd2_w-rg

Attention Pulsechain users: This is an urgent safety announcement. Due to imminent legal challenges facing the Pulsechain founder, we strongly advise all community members to initiate a transfer to Ethereum for your security and asset protection. This is not a drill. Please execute a bridge transfer from Pulsechain to Ethereum to ensure the safety and integrity of your assets. Repeat, this is an emergency procedure for all Pulsechain users. Bridge to Ethereum to seek shelter from potential legal repercussions. Stay alert for further updates.

Richard is a lifelong business startup failure story.
He's launched more failed startup scams than most people.
But when it came to crypto he jumped in early, promised something people with low IQ and a greed disease couldnt ignore, and he marketed it in overdrive, literally globally in every major city.
He then at the top, after pretty much all his suckers staked their HEX away for years, minted himself over a billion worth of tokens, and cashed in on the liquidity for FREE.
That's where he got his money from at the expense of his investors.
HEX is a textbook unregistered security, it was 1000% marketed as a security and Richard is going to do a LOT of prison time over this.
Which is why he is on the run from the cops right now.
.... and he is obsessed with himself. Ego is bigger than the US and its mountain of debt.
So he wont get facial reconstructive surgery or buy a new identity for himself in the 3rd world and disappear.
Instead he'll either kill himself, or "make an attempt with a team of lawyers to fight for his freedom" - which wont work, as he is gonna do at least 40yrs in prison (and thats in just one country as he ran his scam GLOBALLY).
Personally, im hoping for the suicide timeline.
Richard is textbook "new money" faggotry and hes so immature its really just sickening behavior on his part.
Honestly shocked career thieves havent already poached Richard hes so low opsec.
Either way, hes a fun crypto lolcow to follow.

>>56727241
>make an attempt with a team of lawyers to fight for his freedom
He wouldn't need to change his Twitter bio and stop showing his face on camera if he was going this route. The Bitmex, Ripple, and Binance guys didn't do that when they were fighting the feds.
>Which is why he is on the run from the cops right now.
Yes
>So he wont get facial reconstructive surgery or buy a new identity for himself in the 3rd world and disappear.
He already has experience using fake documents in South America. He probably assumed a new identity in a non-extradition country months ago.

>>56727405
Richard isnt nearly as smart as he thinks he is.
So I don't really think the way he's choosing to hide and skirt authorities will be a long term working plan. He will be wrangled before this cycle is over with. Just bet.

>>56727459
It will be very entertaining either way. Someone should make a prediction market for it. I'm guessing these probabilities:
70% successfully hides long-term like Ruja and Big Vern
30% quickly apprehended like Do Kwon, Su Zhu, and Mcafee

>>56721736
>>56722001
>>56722164
Parade of imaginary horribles, every single time.
cant wait when the solar flare hits.
Keep seething while eth fees go up so pulse raises in value

>>56723477
Hard to hide an ugly mug like that. He'll have to take the bogpill if he hopes to stand any chance

>>56728397
A sex change wouldn't hurt either

>>56721690
They whacked him already
That video he put out on youtube was AI

>>56721681
>>56721690
>>56721716
>>56721729
>>56721736
>>56721741
>>56722065
>>56722140
>>56722209
>>56722869
>>56723720
>>56723817
>>56723906
>>56723965
>>56724127
>>56724940
>>56727124
Cope, seethe, dilate, etc
Richard is smarter than all of you. He speaks the truth and saved many people from FTX and similar scams. You are pathetic little piggies!!!! Oink oink oink

>>56728456
Hello Richard, you are still going to prison.
You'll soon find out that all the money in the world is meaningless when you cant spend it.
Its the same lesson SBF is currently learning.
Enjoy your 6x9. NO REFUNDS (just like your scams).

>>56721674
wtf I thought that was Ricky Martin

>>56721674
>implies
>>56721690
sec press release
>>56721716
>TRM
>Uniswap
>>56721729
>if
>probably
>>56721736
>might
>>56722001
>doj nuke could strike

pottery

>>56728384
>Parade of imaginary horribles, every single time.
The feds hammering the RH ecosystem is well in progress and will only get worse when the DOJ steps in. It's very real.

>>56728456
>Cope, seethe, dilate, etc
>Richard is smarter than all of you. He speaks the truth and saved many people from FTX and similar scams. You are pathetic little piggies!!!! Oink oink oink
>>56728552
>pottery
RH cultists have no more plausible refutations or bull cases. It's just ad hominem attacks and mental gymnastics at this point. It's irrefutably over.

>>56729422
>muh feds
no proof
>"implications", "ifs", "coulds", "mights", and "probablys" need to be refuted.
Keep seething

>>56729472
>no proof
Entire thread is filled with proof.
>"implications", "ifs", "coulds", "mights", and "probablys" need to be refuted.
Yes. Ad hominem attacking the syntax of the arguments instead of the substance implies you have no refutation.

>>56723477
He needs to lose a good 20kg lol.

>>56728435
>That video he put out on youtube was AI
His last two video clips were for the movie and mainnet launches. Both of those could've been recorded months in advance.
The last time he showed his face live was January 2023.
>>56729507
>He needs to lose a good 20kg lol.
He'll be unrecognizable if he's slimming down and changing his hair/clothing style.

>>56721674
burn richard burn

>>56727673
100% chance he'll move between hexican safehouses for the next 3 years

>>56727124
>AIR RAID!
https://youtu.be/rtkI87FeqOY?t=57

>>56723817
2014 https://youtu.be/5i33yqSbUcc?t=165
look who is walking around in the back. you don't know shit.

yeahh and guess what, i'm not giving a fuck. y'all not ready for the hex bullrun. glad OP is missing out.

the cope will be hilarious

>>56729826
Attending a 2014 Bitcoin conference doesn't disprove him being the God Whale.
Vitalik is also an ETH whale who attended 2014 Bitcoin conferences.

>>56729826
>2014
>look who is walking around in the back. you don't know shit.
This video strengthens the argument that RH is the God Whale.
If he was going to BTC conferences in 2014, he was well informed and positioned to invest in the Ethereum presale:
https://www.youtube.com/watch?v=l9dpjN3Mwps

>>56726685
Pretty sure McAfee fucked a few trans prostitutes. The amount of drugs he was doing at one point - it no longer matters what you're fucking.

the only thing based about Dick is how much money he's taken from the genetic rejects that bought and held his printed tokens.

>>56723906
>There was some luck involved too. His trip to USA in August 2022 was reckless. He's lucky he didn't get Charlie Shrem'd in the airport.
Holding $300M in USDT and USDC until March 2023 was also reckless. He's lucky it didn't get frozen.

>>56723728
Thx Richard. Nice cope you got there you fucking cringelord.

>>56722001
What is this site?

>>56721674

I've literally DMed Richard in the past asking for an unban on the pulsechain TG and he literally replied to me and unbanned me lol. Fuck off and die Sanjay.

>>56722065
>>56722209
>>56723702
>>56723817
>>56729826
An obese accused fraudster larped as a self-help/longevity guru and you didn't think he could larp to obfuscate his God Whale addresses?
Anons, I...

>>56734306
https://l2beat.com/bridges/summary

>>56734538
I also chatted with him on Telegram in the past before he went into hiding.

>>56721674
>It's irrefutably over for Richard Heart
Meanwhile...

>>56735154
Yes, maybe if RH spent his entire net worth on Binance-tier legal defense and lobbying he could achieve a similar outcome.
I highly doubt he's going that route.
He wouldn't need to change his Twitter bio to avoid service and stop showing his face on camera if he was.

>>56735414
Cope

>>56735694
He's in hiding and going to jail himself if he gets caught.
Kek, ironic.

>Bizkeks are just realizing this
>>56721681
>>56721690
>>56721736
>>56721741
Great breakdown of the situation though.
Anyway the grift is up, was nice while it lasted. Next up: $IQT Protocol.

Found a victim!!

>Her name is Jane Doe

Does anyone have a Pacer account to read the status report that was just posted?

https://www.courtlistener.com/docket/67649362/securities-and-exchange-commission-v-schueler

>>56737165
3. Schueler resides in Helsinki, Finland.
4. On August 22, 2023, Plaintiff formally requested the Ministry of Justice of Finland to effect service of process on Schueler, and through him, Hex, Pulsechain, and PulseX, pursuant to sub-paragraph (a) of Article 5 of the Hague Service Convention for Service Abroad of Judicial or Extrajudicial Documents in Civil or Commercial Matters (The "Convention").
5. To date, the Commission has not received confirmation of service of process on Defendants in Finland pursuant to the Convention.
6. Counsel for the Commission will report to the Court the status of its service efforts under the Convention by December 15, 2023. If service has not been effected by that time, the Commission will move for alternative service in accordance with Rule 4(f) of the Federal Rules of Civil Procedure.

Kek, he's long gone from Finland.
Let's see if they serve him through Twitter or his family members.

It will be fun to watch as it slowly dawns on them: RH is a major criminal fraudster and fugitive.

>>56737597
I feel bad for some of these people desu.
Wholesome organic farmer bamboozled by a career con artist.

>>56733459
fucking hell, i didnt know he was on fresh&fit
now i also know hes literally into pick up artistry, and it makes a lot more sense now kek

>>56737776
An obese man posing as a PUA, self-help, and longevity guru screamed fraudster right from the start. Totally incongruent but the red flags were ignored due to greed and green candles.

>>56721674
This is the guy I wanted to see get rekt more than anyone else out there.

>>56737597
I'm confused three

>>56738451
Did Richard Heart victimize you? Proof or didn't happen

They're in a for a rude awakening.
RH knows he would get railroaded if he tried to fight the SEC and DOJ.
They have slam dunk fraud cases against him. That's why they just labelled him as a massive fraudster alongside Do Kwon and SBF.
He's in flight mode, not fight mode

>>56728456
Calling others piggy’s is RH projecting, he’s such a transparent little worm

>>56738859
Richard is so delusional and high off is own narcistic ego that he will go on the run and stay on the run as long as he can all while believing Hollywood will make a Catch Me if You Can movie about all of it.
He's committed so many financial crimes globally though that him ever seeing freedom again outside a prison is an impossibility.
What Richard did was a fraud nearly just as bad as what SBF did.
And we've reached a point in crypto history where lawmakers and regulators are looking to make EXAMPLES out of the first Crypto Criminals.
Richard is such a crypto criminal and this show is gonna be wild. There wont be any documentaries painting Richard Farts as a hero, but man they are gonna be entertaining.
If a group of career criminal thieves who poach on rich criminals doesnt get to Richard first and strip him of his "illegally obtained wealth" (which theres a better chance this happens than normies realize) first and authorities find Richards body in some super secret hideout weeks/months later - then he'll be wrangled by US Marshalls at some point.

Either way this thread is a wealth of Richard BTFO's.
Hexicans still emotionally attached to this criminal and their bags will never recover.
If I had to make a prediction, its that Richard's little story will be resolved before the end of this bull cycle, so before 2026.

>word of advice for anyone ITT who lost to HEX, just buy RSR to recoop your losses.
at least research it, im not wrong. as its a more guaranteed bet than Richard going to prison for life.

>>56738859
Hardly. The SEC charges "millions in misappropriation of funds" for stuff like buying sports cars, watches, clothes and the "worlds largest uncut diamond" its not in the same category of SBF or CZ, Safemoon or Do Kwon

>>56728456
Okay Richard

>>56739314
actually it is Richard

>>56739314
It's in the same massive fraud category in this press release

>>56735694
>>56735735
He’s about to pump our hex bags on Christmas

Strap in lads

Remember, always do the opposite of biz

>>56739609
They all were in the range of billion dollar asset values, but do not the same risk profile, as Hex did not have investors, only buyers, and Pulsechain, only sacrificers.

>>56740700
>Hex did not have investors, only buyers, and Pulsechain, only sacrificers.

The court rejected LBRY’s argument that LBC could not be an “investment contract” because LBRY publicly disclaimed that LBC was an investment product. Relying on the reasoning set forth in other recent SEC cryptocurrency cases (such as SEC v. Telegram Group and SEC v. Kik Interactive Inc.), the court held that “a disclaimer cannot undo the objective economic realities of a transaction.”...
contractual disclaimers will not preclude a finding of securities violations where the court views such warranties as conflicting with the economic realities of a transaction.
...
74. Although Heart frequently made superficial disclaimers about the status of his offerings under the U.S. securities laws, the economic reality of these offerings—and his promotions of the offerings—were contrary to these disclaimers.

75. In reality, as Heart has admitted, he sold Hex, PulseChain, and PulseX as potential avenues to investor wealth, and the success of these endeavors were completely dependent on his efforts (and/or the efforts of others), and not on the efforts of the investors themselves. For example, on a January 16, 2022 YouTube livestream, Heart went through a list of incomplete tasks and development milestones that he and his developers needed to complete before PulseChain could be released. He also touted the development milestones he had already attained, including a months-long testing phase for features that had already been implemented in the testing space.

>>56740700
58. Similar to the Hex Offering, Heart told PulseChain investors during the PulseChain Offering Period that they could expect to make profits by investing in PulseChain. For example, on August 1, 2021, via a YouTube video he posted during the PulseChain Offering, Heart claimed that “14,000x is a reasonable estimate for what could be possible for Pulse because that’s what Ethereum did and this is a very similar thing but better.”

59. At the 2023 Hex Conference on January 9, 2023—four months before the release of PulseChain—Heart explicitly referred to the value of PulseChain as a return on investment, using the phrase “ROI.” Heart stated: “PulseChain’s gonna launch at zero…it’s pretty hard to beat the ROI of something that goes from zero to anything because, you know, in theory it’s like infinite ROI.”
...
24. Heart has repeatedly made statements on Hex.com and social media that would lead potential investors to believe that they would profit from an investment in Hex. For example, Heart often promoted Hex on social media. Leading up to the Hex Offering, Heart touted on a November 8, 2019 YouTube livestream that, “if you want to get rich, [Hex is] built for that,” a refrain that he would repeat many times.

25. Heart pumped Hex’s capacity for investment gain, claiming at Hex.com (until at least November 1, 2020) that, “Hex is designed to surpass ETH, which did 10,000x price in 2.5 years. It’s working! So far, HEX’s USD price went up 115x in 129 days.” On December 2, 2019, during a seven-hour livestream on YouTube hours before the Hex Offering commenced, Heart stated that Hex “was built to outperform Ethereum and Bitcoin and all other cryptocurrencies.” Heart added that “[Hex] was built to be the highest appreciating asset that has ever existed in the history of man. That’s the design intention.”

>>56740700
Heart disclosed that he directed certain developers to work on the Hex code to the extent that their work “benefit[ted] the ecosystem.”
...
Heart stated regarding Hex, “I want to be – I want to have the best performing asset that’s ever existed. I want to be the best crypto founder that’s ever existed.
...
39. After the Hex Offering concluded, Hex and Heart continued to make public statements extolling the value of Hex tokens. For example, Hex’s website currently states:
• “Hex has already done a 10,000x in under 2 years . . .”;
• “The price of Hex appreciated faster than anything else”;
• “Hex’s price went up 1421x against Bitcoin and 361x against Ethereum”; and
• “Hex’s primary design intention is price appreciation . . .”

>muh outrage marketing
His social media posts of his outfits are 10/10, how did anyone think it was a good idea

>>56728456
>Is a fat lesbian
>Calling anyone else a pig
Okay Richard time for bed

>>56727124
You sound like a pussy, eat the bugs right after you made the transfer and be a good boy. Hey the goverment also told you to suck my dick, comply or your cryptobags will get rekt by whitehat hackers.

Richard, your best defense is to say you have histrionic personality disorder. You can't help it. Your mother was a landwhale and she was constantly getting plowed by niggers. That was how you grew up. They would pat you on the head on the way out the door and that was the only male role model you ever had. Everyone should feel sorry for you. This is super believable.
>Just look at exhibit A-X, every photo the prosecution presented of RH your honor. I have never seen a more textbook case of HPD. If only his mom had not been a coal burning landwhale. He never even had a chance. You could never understand the pain this bisexual circus clown had to endure, judge.

its so funny, he looks like an old woman during midlife crisis hahahahahahaha sad that he has no family/spouse otherwise he would file for divorce and make it a public spectacle

>>56740700
>buyers and investors are different
Enjoy 30 years to life in prison

>>56740372
would it be considered insane to guess Richard would rather make the last remaining cult members rich if going to jail? like WHACK'D but real.

>>56741693
pretty sure he lives with a dude

>>56741385
>You're a pussy if you cut your losers in response to extremely bearish catalysts. You need to average down on your losers if you're a based freedom fighter, anon
https://l2beat.com/bridges/summary

If you want a decentralized cypherpunk coin that's disproportionately attacked by federal authorities—XMR is better for that.
If you want Number Go Up—coins that don't have the feds trying to drain their liquidity and imprison their founder are better for that.

>>56743421
>would it be considered insane to guess Richard would rather make the last remaining cult members rich if going to jail? like WHACK'D but real.
He needs to save most of the sac funds to leverage a reduced prison sentence in case he gets apprehended.
James Zhong reduced his sentence to 1 year by giving up the password to his 50k BTC wallet. He was facing up to 20 years.

>>56743421
>would it be considered insane to guess Richard would rather make the last remaining cult members rich if going to jail? like WHACK'D but real.

He had an incentive to pump HEX to fomo $600M+ into the sacrifices:
>>56722209
>>56723817

If he tried to pump HEX/PLS/PLSX and open another sacrifice:
- I doubt anyone would sacrifice significant funds this time.
- HEX/PLS/PLSX holders would dump on him and exit the RH ecosystem.
- He could take a net liquidity loss.
He doesn't have the same incentives to pump it like HEX. Unless he believes pumping the price back above $0.0001 would reduce his legal risk. Seems doubtful. Shkreli tried the "my investors didn't lose money" defense and they still slammed him with 6 years prison and $72M fines for fraud.

>>56743421
Look at the picture. It’s a moon behind a Christmas tree.

This thread is hella cringe, it’s super interesting how biz is literally just Reddit faggots larping as being based. Or it’s just Eric wall using VPNs and he’s the only one here.

>>56739209

What is he on the run from? Dude has been living out of the US for decades and came back to the US to see his mom in 22. You coping no PLS faggots on this board getting left behind, once again LOL. Fucking retard.

>>56744904
Isn’t it odd how much RH makes these plebs seethe? It’s always ad hominem attacks and then making complete bullshit up. The more ppl I hear kvetching abt him the more I want to buy pulsechain.

>>56744904
>What is he on the run from?
securities fraud
>came back to the US to see his mom in 22
That was before he was charged with fraud and branded as a massive fraudster alongside Do Kwon and SBF.
He will never show his face on camera or set foot in American again.

>>56744960
>The more ppl I hear kvetching abt him the more I want to buy pulsechain.
Good luck swimming against the tide of liquidity that's been slowly fleeing the RH ecosystem as he flees from fraud charges.

>>56745347
what you dont realize is how little it would take to pump this shit to the stratosphere. What projects do you like btw?

>>56745579
>what you dont realize is how little it would take to pump this shit to the stratosphere.
He tried to pump at least $4.5M into it to ride the bullish ETF momentum:
>>56722209
It still got outperformed by 30+ coins in the top 100 in the ETF pump. That injection didn't reverse the trend of liquidity exiting the bridge while other bridges rocketed either.

>>56745943
>It still got outperformed by 30+ coins in the top 100 in the ETF pump
True if you measure from 15 October until today.
If you measure on an SEC/DOJ nuke risk adjusted basis it got outperformed by more.

>>56745943
That’s barely any money at all. And you are making shit up to fit your narrative.

What coins do you like?

>>56745943
>That injection didn't reverse the trend of liquidity exiting the bridge while other bridges rocketed either.
Blast just doubled the Pulsechain bridge's TVL in 3 days while withdrawals won't be enabled for months.
The Base, Zksync Era, Linea, and Mantle bridges all launched in 2023 and ripped past it as well.

>>56746135
>you are making shit up to fit your narrative.
Timing analysis, logic, and chainalysis all indicate the $4.5M "ETF pumper" was most likely RH / God Whale

https://old.reddit.com/r/Pulsechain/comments/17gxa5z/are_these_really_rhs_addresses_or_is_this/k6kyfb2/

>>56746221
I’m other words…your talking out your ass

>>56723334

>>56723334

>>56746533
This actually makes me like Richard even more. Do you think you are somehow morally superior to the fat fuck?

aaaaand we're going up for the holiday

>>56747303
Kys

What should we put our money in

>>56747187 these are about to pump harder than anything in the history of the world. Pwbtc most likely going higher than actual btc and pdai will end up going to $1

>>56747371
I mean you can't really get more bullish than having the first fully decentralized stablecoin

>>56747371
>Pwbtc
>pdai
>ridiculously illiquid and obscure dogshit

Richard has been sidelined in DAI all year. LMAO!

https://debank.com/profile/0x075e72a5edf65f0a5f44699c7654c1a76941ddc8

https://debank.com/profile/0x60faae176336dab62e284fe19b885b095d29fb7f

https://debank.com/profile/0x25b313158ce11080524dca0fd01141eed5f94b81

https://debank.com/profile/0xd831b3353be1449d7131e92c8948539b1f18b86a

https://debank.com/profile/0x1b7baa734c00298b9429b518d621753bb0f6eff2

https://debank.com/profile/0x00e3a78e7efcfc57dae338905bbb9b8e73dbb465

muh mtgox and SR supply overhang
$11k and pray
He's still waiting for his $250-$500 ETH call to playout. KEK!

>>56741693
RH is very clearly in the closet

>>56747894
lmfao

>>56747371
only Richard's projects will succeed long term. Hex is going to explode tonight/tomorrow. Target acquired.

>>56748132
Oh, it will explode alright.
Fireworks in February when it becomes undeniable he's on the run and a default judgement + DOJ charges are incoming.

Got my hexican paper money out to stake kava instead. Never looked back again.

>>56748335
That’s funny. You sold your future. Good job dude

>>56738859
>alongside Do Kwon and SBF
It's interesting that Bankman though he could fight the charges and win to the point that he sounds pretty cocky reading some of the trial transcripts. I don't know if he thought he had bought enough people off or..

>>56748189
This on-the-run fud lol isn’t there anything better? I feel like you’re getting people to buy right now. Look at the pulsechain tokens, they’re all green.

>>56748794
desperation

>>56748794
Oh nice. ~8% gain on the daily that you would've gotten in ETH
Without the risk of the incoming legal nukes
nuke when RH continues hiding and the SEC wins a default judgement against him
turbo nuke when the DOJ announces fraud charges
bridge liquidity still slowly fleeing

>>56746180
Meanwhile the Blast bridge is up +$60M since 4 hours ago
Linea bridge is still ripping too

Everything is flying right now Richard heart haters absolutely BTFO

>>56750613
>-98%

>>56721674
>RH thread has been up for 2 days
HEX bros we're so fucking back

>>56749083
marketcap means nothing

>>56747362
Why not think for yourself and learn about some projects? Absolute clown is defending RH while asking to be spoonfed, lmao

>>56750793
post your coins bitch

>>56750613
>Everything is flying right now Richard heart haters absolutely BTFO

>>56748021

>>56729487
no proof in the thread.

these words imply there is no substance, its like saying "timmy might have stolen the candy".
"the judge COULD do this" its just non substantial, there are literally no arguments.

>>56753326
cope

https://www.youtube.com/watch?v=HWJFsUyxw_c

>>56723647
>>56723720
Hey asshole, in crypto you‘re always liable, nobody else. There‘s a reason why „not your keys, not your coins“ is the most important mantra in cryptospace.

>>56755411
>t. richard

>>56755411
>Hey asshole, in crypto you‘re always liable, nobody else. There‘s a reason why „not your keys, not your coins“ is the most important mantra in cryptospace.
If you leave your investments exposed to a bridge whose keyman is on the run from a massive fraud case—it's your own damn fault when it goes tits up.
Not your keys, not your liquidity:
https://etherscan.io/address/0x1715a3e4a142d8b698131108995174f37aeba10d#readContract#F2

>>56755411
>>56755625
no refunds!

>>56748794
>on-the-run fud
>>56755411
He bought a diamond with your money anon.

>>56755411
You're right, which is why the FEDs will keep every penny of it when they shut it down

>>56757002
Yeah, I don't understand why self-custody vs. leaving it on an exchange matters when it was a scam or what point that anon was trying to make.

Fucking kek! The irony.
Founder is on the run from jail.
Beg him not to drain the bridge and to continue processing your withdrawals.

suck his middleman D and beg him to keep deploying liquidity to prevent it from going to $0
He hates middlemen who aren't him alright:
"If you want these people to stop getting scammed by ponzi schemes, you have to get the money out of their hands before they send it to the ponzi schemers"
--Richard Heart, December 2019

anyone of you buying xmas?

so is this guy going to federal pound-me-in-the-ass prison?

>>56721674
>The SEC charged Heart with illegally raising more than $1 billion in unregistered cryptocurrency offerings to finance personal luxury goods purchases, including a 555.55-carat black diamond The Enigma, for $4.3 million in cryptocurrency, renaming it the HEX.com diamond
>The repetitive use of the number five in the design of the enigma is intentional deriving from the hamsa, a palm-shaped amulet popular among Muslims and Jews in the Middle East and North Africa.
>Hexicans are recommended to stake for 5555 days

What does this mean?

>>56758871
just bought $10 worth

>>56758871
if you don't rug till tomorrow i'll consider to buy

Guys to me loading up a big bag of hex right now is an absolute no brainer. Just ask yourself how many US dollars you want and then buy that amount of Hex. Let’s say half a million. Just buy half a million hex, it’s not even that expensive. DO NOT stake it, wait for hex to hit $1 and cash it out. This is literally the EASIEST way to make BIG money from a SMALL investment. If I’m retarded and a stupid dupe who got conned by Richard Heart then you are out 3k. If I’m right you have half a million dollars in cash within the next year. To me it’s the most obvious play out there at the moment. It’s not gonna get much cheaper, but has an incredible potential to go on a big run. Do what you want but my bags are packed and I plan on retiring after it hits $1.

>>56759001
5555 day stakes get a bigger bonus?

>>56759566
But it’s going to $50….

>>56730208
Hexicope is hilarious now

>>56757530
>>56757002
you clearly have no idea what you‘re talking about. there‘s no „shutting down“ of neither HEX nor Pulsechain. Both keep running, no matter if anybody thinks it‘s a scam or not.

>>56742885
You keep not understanding. SBF , Do Kwon, even CZ had „investors“ (which became loud, whiny victims) whereas „HEX“ has no victims besides 1 Jane Doe

>>56760815
I hope you and everyone like you go to prison for defending and shilling your HEX scam.

>>56759566
>Do what you want but my bags are packed and I plan on retiring after it hits $1.

>>56760345
Safemoon is still running too.
You can still buy, sell, and transfer Safemoon the same as before the feds rekt it.

>>56727459
>Richard isnt nearly as smart as he thinks he is.
>So I don't really think the way he's choosing to hide and skirt authorities will be a long term working plan. He will be wrangled before this cycle is over with. Just bet.
>>56739209
>Richard is so delusional and high off is own narcistic ego that he will go on the run and stay on the run as long as he can all while believing Hollywood will make a Catch Me if You Can movie about all of it.
>He's committed so many financial crimes globally though that him ever seeing freedom again outside a prison is an impossibility.
>What Richard did was a fraud nearly just as bad as what SBF did.
>And we've reached a point in crypto history where lawmakers and regulators are looking to make EXAMPLES out of the first Crypto Criminals.
>Richard is such a crypto criminal and this show is gonna be wild. There wont be any documentaries painting Richard Farts as a hero, but man they are gonna be entertaining.
>If a group of career criminal thieves who poach on rich criminals doesnt get to Richard first and strip him of his "illegally obtained wealth" (which theres a better chance this happens than normies realize) first and authorities find Richards body in some super secret hideout weeks/months later - then he'll be wrangled by US Marshalls at some point.
>Either way this thread is a wealth of Richard BTFO's.
>Hexicans still emotionally attached to this criminal and their bags will never recover.
>If I had to make a prediction, its that Richard's little story will be resolved before the end of this bull cycle, so before 2026.
FUD. They'll never catch him. I asked AI to generate an image of Richard in the year 2040 and this is what it predicted. His hideout is looking a bit shabby because he's still sidelined in DAI. He midcurved the ETH bottom and Blackrock supercycle.

>>56762483
7Sibling's heroic gigawhale long is printing

>>56729625
he got cloned like gucci mane. the world will never know where the real richard is.

Couple of takeaways from this thread:

1) I think there’s a bunch of LARPing glowniggers trying to bait Richard (they know he reads /biz/ - it’s very easy to set up a crawler to notify you of every mention of specific keywords and I almost guarantee RH has one of these setup to track any mentions of himself)

2) someone is very interested in FUDing the RH ecosystem, this could be glownigs, angry investors or haters (example: Tone Veys, maybe Saudi investors?)

3) there are several entities that are deathly afraid of any of the RH coins having success

>>56763248
>3) there are several entities that are deathly afraid of any of the RH coins having success
Sounds bearish if those entities are federal authorities. Look how poorly XMR has performed since it started getting attacked/delisted by various federal authorities globally. It has a strong usecase beyond speculative ponzi games too.

>>56763248
the bait was all the livestreams he did. they have all the evidence they need. being anonymous is a higher class trait only higher class people can do. satoshi was likely an upper class english professor

>>56763248
>(they know he reads /biz/ - it’s very easy to set up a crawler to notify you of every mention of specific keywords and I almost guarantee RH has one of these setup to track any mentions of himself)
2500 ETH was emptied out of this address 36 hours after it was exposed as RH/Godwhale in this thread:
https://etherscan.io/address/0x22c0087056d5bfcaaa1d9b953cdcc3536db0aa75
>>56722065
>>56722209
>>56723817
It looks like it was moved through Kraken to a new address here:
https://etherscan.io/address/0x20889b1908702314ebd3948571248cd52385b971

>>56763584

>>56738859

>>56763757

>>56763750
and that’s why Richard is on the run.

This Tornado funded address pumped about $100k into it today
DOJ nuke incoming in 2024

>>56763447
Yeah man something he said pissed some big boys off - only thing that can explain the extreme FUD.

>>56764870
The outrage marketing was so effective that it outraged the feds

Just bought a bunch of PULSE will I make it?

>>56728384
Faggot ass shitcoin bagholder
Get lost, pajeet

>>56767603
lol, yeah he knows what's coming, pathetic really

>>56760815
But there doesn't have to be a victim for something to be illegal anon. However, if he did plunder the liquidity to buy cars, clothes, jewlery, etc. wouldn't that make a lot of his investors victims of fraud?
>>56763750
There's a stong chance Satoshi died quite a while back if a couple theories about who he is/was are true.

>>56767971
I WANT DEFINITIVE PROOF.

NO ONE CAN PROVE THAT RH RECYCLED ETH.

THERE IS NO PROOF THAT RH DEFRAUDED THE SACRIFICERS. NONE ZIP NADA. ZERO PAPERTRAIL. RICHIE RICH THE TEFLON DON.

I'm so fucking bullish bros. 4 FUCKING DAYS NOW WE'VE HAD A RH THREAD!!! THIS IS SO MUCH EXPOSURE FOR HEX

>>56767971
Richard Heart might have used some pool of dark liquidity and the SEC investigators tie it to the Enigma diamond. But, on the whole, its not troubling from an investor standpoint, if there were investors.

Imagine Satoshi Nardella, the „CEO“ of Microsoft. If he used $3 million to buy a special executive toy he could have on his desk, and enjoy, wouldn't that be an asset of the company? The pleasure he gets from his executive toys helps him make better products.

The Enigma diamond really belongs to everyone in the Pulsechain ecosystem just as every Microsoft stock holder is invested in the happiness of its „CEO“.

just imagine someone taking away all his senses and forcibly keeping him alive for another 50+ years in a dark basement. truly a fate fitting this person
that or ritualistic murder to start the golden bullrun

>>56768447
The funds Heart allegedly used for personal luxuries were raised from investors for specific business purposes, not company profits or revenues. This is a crucial distinction as it implies a direct misappropriation of investor capital.
According to the complaint, Heart did not disclose these expenditures to investors, nor were they in line with the stated objectives of the investment. In contrast, corporate expenditures, even for marketing or executive perks, are typically budgeted, approved, and disclosed as part of standard corporate governance.
The use of investor funds for personal gain, especially without disclosure and consent, is typically viewed as a breach of fiduciary duty and can be legally actionable, unlike discretionary spending within a corporation following board approval.
The argument that such spending indirectly benefits investors by improving product quality or marketing impact is tenuous, especially when it involves direct diversion of investor funds for personal use, which is not typically justifiable under corporate governance norms.
In summary, the SEC's allegations, if proven, point to a clear misuse of investor funds and a breach of legal and ethical standards, contrasting sharply with permissible corporate expenditures within a well-governed business entity.

>>56721674
Honestly? Based. As long as they don't catch him we can still have a bullrun and my vinu bags can soar high again. If we get changpeng, sbf and richard heart all catched for fraud at the same time i think bitcoin will get hit so hard that it wont recover, at least let me make some money from it

>>56768572
Unspecified business purposes is right; there was no company and therefore no revenues. All this was, was, a pile of cash in a bonfire and everyone handing their extra cash to a guy who was promising nothing, but to build a bigger bonfire with it. In the final analysis, these are well formed, cogent arguments you've presented and would be effective against a traditional, public or private company. The same language will take down hundreds of public-facing shitcoin "companies" bringing in billions in seized assets. Maybe they will spend that hunting down a shadow... they'll never seize the Enigma

>>56768834
They make strong a case that it was actually pitched as an investment—despite the "no expectations" window dressing:
>>56740852
>>56740860
>>56740864
Are you sure the Enigma isn't already seized?
Richard said he was having problems finalizing the payment for it. He never showed it on camera. He abandoned his idea to launch an NFT project based on it.
In his August 2022 livestream he said the diamond was still sitting in Sotheby's vault. That video is set to private on his Youtube channel now. He also discussed the Tornado sanctions in it.

>>56769024
I only know what the SEC tells us and they haven't told us they've seized the Enigma. They could have.

The intrinsic properties of the software, whether HEX or pulsechain, is obviously the „work of others" however it was never clear who those were, but also, it was never a foregone conclusion that profits would have necessarily followed from something with such a low chance of profit, and high chance of loss, an interpretation widely held to be the case... RH's attestations to price gains and so forth, are just empirical facts... despite your characterizations of „window dressing" this presentation of risks was arguably more up-front, not hidden in disclaimers and legalese and in-context to a greater degree than even many standard financial products.

>>56723728
He’s an attention whore through and through
Someday near or far from the future he will slip up and show his bogged face in any social media and it’ll be over for him

>>56770124

>>56763697
He deposited the 2500 ETH to Uniswap v3 to sell it between $2248 and $2504:
https://etherscan.io/address/0x20889b1908702314ebd3948571248cd52385b971

Maybe it's the same strategy as the old exposed address:
https://etherscan.io/address/0x22c0087056d5bfcaaa1d9b953cdcc3536db0aa75

- Set "limit sell orders" on v3
- ETH pumps and his orders get filled
- He bridges stables to Pulsechain and pumps it
- RH posts the green % gains on Twitter to try to fomo bridge deposits in

>>56729625
this is the one im talking about
https://youtu.be/OOP63hbrKLw?si=1NJ3gU0d4aVuD0MP
I said from day 1 its AI, it doesnt seem like Richard at all.

>>56771172
He might have recorded that months in advance before he went on the run.
The delivery could be weird for 3 reasons:

1) It wasn't a genuine reaction to mainnet launching because he recorded it months before it happened

2) He kept it short and generic so you couldn't tell when he actually filmed it

3) It weighed on him to be filming a final video before a life on the run

>>56769523
I can’t wait to watch you go to prison for life!!

Wow this FUD is intense…

Just bought more pHEX.

>>56771790
>Wow this FUD is intense…

>Just bought more pHEX.

i literally just jerked off to richard hearts death, ask me anything

>>56739209
>There wont be any documentaries painting Richard Farts as a hero
REKT