For those who haven't looked into it, the facts strongly suggest that Richard Heart is running one of the biggest pyramid schemes in crypto.
To understand why every project that Heart touches is suspect, we must first look at Hex, Heart's first project. There were ridiculously specific rules for staking Hex and if you did not claim your "earnings" at expiry, then all proceeds and 50% of the stake went into a "origin address." Heart never disclosed who has access to that address, but I'll give you one guess. That address was emptied in 2020 to the tune of $7M:
https://cryptoslate.com/hex-origin-address-emptied-out-almost-7-million-withdrawn/
So now that it seems like he cashed out of that project, he probably has to keep things going with new projects. Enter Pulsechain and associates.
On the homepage, it clearly states that the #1 goal of Pulsechain is to increase the value of ETH and make number go up. I really don't need to say more than that...it's all about the money, not any lasting value.
Finally, you can read about what the SEC is suing him for:
https://www.theverge.com/2023/7/31/23814050/sec-richard-heart-lawsuit-fraud-hex-pulsechain Show Less
