Cryptocurrency influencer Andreas Antonopoulos has tweeted that he was asked to say HEX coin was not a scam. Antonopolous reports that the unnamed source offered a cool 10 BTC (~$115,000) to do an interview.

The crypto guru also asked the Twittersphere to draw their own conclusions.

A HEX on You

HEX coin is the brainchild of Richard Heart, a popular crypto-enthusiast with a checkered past. As a spammer, Heart “carpet-bombed” unsuspecting internet users in the 1990s. He fraudulently advertised free money and organ enlargement.

Though largely forgotten, a news article on explained his spamming scheme. This revolved around a court case that Heart lost. While the site is down, a screenshot still exists. The article dubs him, the “Friggin Spam King”.

Antonopoulos’ tweet was likely aimed directly at Heart. However, with some wit, Heart shrugged off Antonopoulos ‘s inference, suggesting someone else had made the 10 BTC offer.

Meanwhile, many analysts say HEX is basically a Ponzi scheme. This Reddit post lays out a number of Heart’s alleged less-than-honest dealings.

What’s more, the Hex website is somewhat suspicious. One video on the site begins, “Welcome to the opportunity of a lifetime.” It explains that ETH went from 0.15 to $1500 in only a few years and that HEX will repeat this, allegedly, higher and faster.

Heart argues that 18,000,000% returns are possible with HEX. He further claims that, “Hex is the best cryptocurrency I have ever seen.” The Tokenomics video has some circular logic. Holders have incentive to hold their coins, which will drive the price of HEX up. This will further incentive holders to hold.

Though it promises interest on locked coins, the purpose of HEX is not entirely clear. Recently, Richard Heart blatantly promoted a pump and dump of his coin.

When listed HEX, the controversial site took heat for the move. Ledger also added the currency to its list of supported coins. Heart heavily promotes his HEX token on social media. During a “fireside chat”, Heart explained some of his motivations in the crypto market. They are telling.

Bite Back

Though Antonopoulos’ tweet garnered mostly an enthusiastic response, some parried back. Allen Hena, a fintech consultant, held his ground in response to the guru.

More striking were the accusations by Hex enthusiast @QuattroCincoHex that Antonopoulos was acting as a pawn.

In contrast to his shady dealings, Heart was not always a friend to crypto scams. Throughout 2017 he, espoused Bitcoin as the one true way to go and warned against altcoins. To this day, he warns others to be wary of scams:

Overall, Antonopoulos has a reputation for honesty. Despite being accused of plagiarism in April of this year, Antonopoulos has been called a, “voice of reason in a sea of noise.” The crypto space can be a confusing and frustrating one. Perhaps the less noise, the better.

The post Andreas Antonopoulos Offered 10 BTC to Endorse “Scamcoin” HEX appeared first on BeInCrypto.

Source: Be In Crypto