New CEO Lists HEX Fraud Token ‘Just Out of Spite’

  • Recently appointed trade CEO lists controversial scam token.
  • The shift stems from lengthy-managing tensions in between rival factions within just the cryptocurrency world – namely Bitcoin (BTC) and Bitcoin Funds (BCH) supporters.
  • BCH supporters get worried associating with HEX will come back again to chunk them.

The CEO of made the decision to record the controversial HEX (HEX) token “just out of spite” for bitcoin maximalists.

That is in accordance to a screen get from CEO Stefan Rust’s social media account, wherever he states the reasoning – or absence thereof – driving listing HEX.

The shift stems from a lengthy tit-for-tat drama in between Bitcoin (BTC) and Bitcoin Funds (BCH) supporters., which primarily supports Bitcoin Funds, has been criticized by its own end users for endangering the BCH neighborhood by associating with HEX. announced the selection to record HEX on December 15th | Resource: @BitcoinComExch, Twitter

Heart’s HEX on Cryptocurrency

To say that HEX has previously elevated various purple flags considering the fact that launching in early December would be an understatement. Alarm bells to start with rang when documentation for HEX appeared bearing the assure of “10,000x gains in 2.5 years”.

HEX founder Richard Heart was then unveiled to be a notorious scammer recognized as the ‘Spam King’. Heart allegedly built his fortune organizing unlawful spam assaults in the early 2000’s.

Connections ended up then built in between Heart and a prison network operating out of Panama in between 2005 and 2007. A laundry record of crimes, like theft, extortion and blackmail ended up joined to Heart’s many aliases in Panama at that time.

Nowadays, Heart stands at the head of the new Ethereum-dependent token, HEX – which critics say stands to be his most financially rewarding scam however. A new examination of the HEX protocol suggested the token was set up wholly to enrich its creator.

Read: PSA: Crypto HEX Founder is Truly Notorious Criminal ‘Spam King’

[HEX]…is the to start with token I have witnessed to have its founder’s perpetual self-enrichment baked into the protocol… Richard not only possesses the Origin Handle but will also comprise at least 45% of all the HEX in the staking pool right after the to start with year. Lists HEX

Stefan Rust was appointed CEO in August 2019, replacing “Bitcoin Jesus”, Roger Ver.

Quite a few assumed Ver’s selection to stand down was a PR shift, developed to interesting the media furore bordering 1 of cryptocurrency’s most polarizing figures. In mild of new CEO Rust’s selection to record HEX, that idea can be place properly and genuinely to mattress. CEO, Stefan Rust, said he would record HEX for investing “just out of spite”. | Resource: Twitter, @zackvoell

Rust’s screengrab references Peter McCormack – a Bitcoin supporter, journalist, and a vocal critic of Bitcoin Funds and other altcoins.

When McCormack butted heads with HEX’s Richard Heart all through a new Youtube livestream, Rust seems to have taken it personally:

Why did you see the job interview with McCormack? Just out of spite! We’re likely to record HEX…

A lot less than a working day later Roger Ver appeared on Richard Heart’s Youtube channel to examine Bitcoin, HEX, Bitcoin Funds and much more. When Ver broached the issue of HEX remaining viewed as a scam, Heart reported:

Absolutely sure, simply because it appears like a scam. It does glance like a scam. You have to dig in. You know what else appears like a scam? Bitcoin – this s**t goes down 85% just about every three several years. F**king Dogecoin only went down a couple percent much more. So what is a greater keep of worth, Dogecoin or Bitcoin?

Heart continued to make his point about keep of worth. The scam problem was dropped entirely.

Commenters have suggested the McCormack drama could be a smokescreen for the authentic reason driving listing HEX. Specifically, the huge financial gain to be attained from the listing charge, as properly as the service fees incurred by naive cryptocurrency traders.

This posting was edited by Sam Bourgi.