HEX founder Richard Schueler was reportedly arrested in Istanbul. Following the news, the price of the HEX token fell by 30%, wiping out approximately $160 million in market capitalization.
In the crypto industry, a founder’s legal troubles often shake market confidence. Investors should indeed be wary of the risks when a project’s core vitality depends too heavily on a single person.
#Cryptocurrency
Source: cointelegraph.com https://cointelegraph.com/news/hex-token-erases-160m-reports-founder-schuelers-arrest?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
In the crypto industry, a founder’s legal troubles often shake market confidence. Investors should indeed be wary of the risks when a project’s core vitality depends too heavily on a single person.
#Cryptocurrency
Source: cointelegraph.com https://cointelegraph.com/news/hex-token-erases-160m-reports-founder-schuelers-arrest?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound