Uniswap has delisted HEX: Transactions in progress

Uniswap, the largest decentralized exchange, has removed HEX, the project of Richard Heart, who was sued by the SEC, from its interface. Despite this, the token can still be traded on the protocol.

Uniswap has delisted HEX: Transactions in progress

HEX, one of Richard Heart’s projects that the US Securities and Exchange Commission (SEC) filed an unregistered investment contract lawsuit against, has been removed from the Uniswap interface. The protocol moved HEX to the “unsupported tokens” section.

While Uniswap can remove tokens from the interface, this does not mean that the token cannot be traded. The decentralized nature of the protocol ensures that the delisting only applies to the “front-end”. Therefore, investors can continue their transactions without any problems.

After this move by Uniswap, there was a drop of nearly 10 percent in the HEX price. HEX, which reached up to $ 0.5 during the 2021 bull season, is trading at $ 0.0048 at the time of writing. So the token is currently about 100 times lower than its peak level.

The SEC announced on Monday that it had filed an unregistered investment contract lawsuit against Richard Heart. The agency also stated that in addition to HEX, PulseChain (PLS) and PulseX (PLSX) tokens, which stand out as Heart’s new projects, also entered the investment contract status.

It is stated that Heart has earned more than $ 1 billion through its sales since 2019 and lives outside the US in Finland.

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