Richard Heart

Richard Heart (Richard James Schueler) is an American cryptocurrency developer and businessman. Going by an alias, Heart is the creator of the crypto token HEX on Ethereum and later PulseChain, a hard-forked layer-1 blockchain software based on Ethereum.Heart currently believed to reside in Helsinki, Finland.

Richard Heart was born on October 9, 1979, in Pittsburgh, Pennsylvania. In middle school, Heart was enrolled in an advancedMEGSSS (Mathematical Education for the Gifted Secondary School Student), developed by an MIT alumnus. During this program, he developed several skills, including Scheme programming.

Heart's career began with the Florida home-based car audio system business, Audio Ecstasy, Inc, and a mortgage company that utilized search engine optimization for growth. Heart also founded a marketing firm that pioneered early internet spam marketing techniques. He later expanded his business operations to Panama, generating substantial annual gains, but eventually returned to the U.S. after facing legal issues related to his business dealings in Panama.

Heart used social media platforms like YouTube and Twitter to share opinions and analyses on cryptocurrencies and blockchain technology. His engaging communication style attracted a considerable following, making him a notable figure within the cryptocurrency community.

In December 2019, Heart launched HEX, an Ethereum-based cryptocurrency marketed as the first blockchain certificate of deposit (CD). HEX aimed to reward users for holding and staking their tokens, promising significant returns over time. However, HEX faced criticism from sceptics who questioned its legitimacy, marketing strategies, and potential risks.

He later created PulseChain and PulseX. PulseChain, launched as a layer-1 blockchain, raised significant funds through an initial coin offering (ICO) to improve upon Ethereum's value proposition. PulseX, a decentralized exchange similar to Uniswap, was also launched under the PulseChain ecosystem.

On July 31, 2023, the U.S. Securities and Exchange Commission charged Heart with defrauding investors out of $12.1 million and 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"