MetaMask and Uniswap pull swap support for Richard Heart’s HEX token following the US Securities and Exchange’s (SEC) lawsuit against the founder.
The largest decentralized exchange on Ethereum removed support for the token after the SEC sued Heart for offering what it claims to be an unregistered security.
Self-custodial wallet MetaMask also stopped HEX swaps, prompting criticism from both users of both platforms. One user on Uniswap pointed out that the platform is unfairly targeting HEX when many other scam tokens launch daily.
Earlier this week, the SEC sued HEX creator Richard Heart for securities fraud.
According to the SEC, Heart offered returns on HEX and two other tokens in products that qualify as investment contracts. The founder also allegedly committed securities fraud by spending investor funds to buy luxury goods.
As a result, the agency demanded he be banned from participating in future token sales and pay…
