Uniswap delists HEX token from interface after SEC alleges it's an unregistered security
, can still trade delisted tokens, or they can interact directly with the protocol's smart contract to do so.HEX as an unregistered security in its lawsuit against Richard Schueler, known online as Richard Heart, and his projects Hex , PulseChain and PulseX , alleging he raised over $1 billion across three different unregistered securities offerings beginning in 2019. Heart also defrauded investors by using their funds for personal expenses, the SEC alleged in a lawsuit on Monday.
The SEC also mentioned Uniswap in the lawsuit when it described why it chose the U.S. District Court for the Eastern District of New York as its venue for the case. The SEC said it selected that venue because many of the transactions described in the lawsuit took place on Uniswap, which has developers located in Brooklyn.
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