Altcoin Project in Case with SEC Raised $140 Million in Ethereum!

Wallets linked to PulseChain and PulseX (PLSX), operated by Richart Heart, purchased millions of dollars worth of altcoins.

Reported by on-chain analysis platform Lookonchain to data took action on March 5, according to PulseChain And PulseX 6 linked wallets worth millions of dollars Ethereum (ETH) he bought.

Data shows purchase transactions per Ethereum At a cost of $3,628 done and in total 33,672 ETH for buy 122.15 million Dai (DAI) It showed that it was wasted.

Interesting connection between PulseChain and DAI

PulseX and PulseChain, on March 11, 2023 During USDC Coin (USDC) depeg 258.52 million DAI for 260.14 million USDC He had sold it. The connection of this project, which has been at the center of discussions since the first day, especially due to the media attitudes of the founder Richart Heart, also attracted a lot of attention.

On-chain analysis platform DeFiLlama’s founder 0xngmi in a social media post dated September 14 in your postthe two largest wallets holding DAI PulseX on Pulsechain linked with Externally Owned Accounts (EOA) He stated that it was. MakerDAO (MKR) exported by DAI stablecoin These allegations about him caused reactions among investors.

In addition, the US Securities and Exchange Commission (SEC) filed a lawsuit against Richart Heart, the founder of Pulsechain (PLS), for selling unregistered securities.


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