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What is Hex, and how did it gain 2,700% in 1 year? Richard Heart challenges 'scam' accusations

Kitco News

On a 1-year return basis, Hex grew roughly 2,700%. At its highs earlier in July, it reached a market cap of $65 billion, making it briefly the world's third largest coin by market capitalization.

Hex has drawn criticism from people in the crypto community who call it a "scam" or "ponzi scheme". Founder Richard Heart addresses these concerns with Kitco News anchor David Lin.

For more information about Hex and how it works, watch the video above. Follow David Lin on Twitter: @davidlin_TV (https://twitter.com/davidlin_TV).

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