Is HEX the Next Crypto Scam?

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Is HEX the Next Crypto Scam?

Suspicions rose that HEX was preparing a scam after 800 ETH was withdrawn from HEX's account and sent to Bitfinex. The news was first reported by a Reddit user, and backed up by evidence from Etherscan.

While there are more than 46,000 Ethereum left to withdraw, all funds are held at a single address controlled by an "unidentified" person, according to HEX founder Richard Hart. Of course, this creates an uneasy situation, especially after it is learned that Mr. Hart is linked to a Panamanian criminal network.

HEX launched at the beginning of this month, but it has already attracted a lot of crypto enthusiasts, receiving 33,000 ETH in donations. The project promises 10,000x returns in less than 2.5 years - a claim that is quite controversial and raises further suspicions that it is the next cryptocurrency scam. We have seen a number of scams recently: Canadian exchange QuadrigaCX was declared bankrupt after its owner mysteriously passed away. Bitsane simply disappeared, with the money of more than 246,000 customers. Other notable cases include Bitconnect and OneCoin, with perhaps the first being the most exciting crypto drama of all time valued at around $4 billion.

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