Around 800 ETH has been withdrawn from an address associated with the HEX cryptocurrency, leading many to suspect it was the beginning of an exit scam. While there are more than 46,000 ETH left to withdraw, all of the funds are held in a single address that Richard Heart, the founder of HEX, says is controlled by an “anonymous” person.

Suspicions rise as $100,000 worth of ETH withdrawn from HEX account

Following the 2017 ICO boom, one might think that the days of projects claiming gargantuan returns are long gone. However, a new crypto project emerged earlier this month that proved, once again, that there’s no stopping crypto scams.

On Dec. 2, Richard Heart, a blockchain thought leader and cryptocurrency investor, launched a new cryptocurrency, dubbed HEX. Launched on Ethereum via a Bitcoin UTXO snapshot, the project claims it can “do over 10,000x returns in under 2.5 years.”

Heart’s outlandish claims, including one that HEX is “designed to increase in value faster than anything else in history,” managed to attract a lot of attention, receiving over 33,000 ETH in donations.

These donations were automatically “transformed” to HEX and held in a single Ethereum



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Author: Priyeshu Garg

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