Richard Heart, HEX founder, arrested in Istanbul with $7 million seized.
Turkish authorities detained Richard James Schueler, aka Richard Heart, and his wife A.K. in Beşiktaş after a joint MIT‑Istanbul police operation under an Interpol Red Notice for alleged crypto fraud.
Searches seized over $7 million in cash (multiple currencies), smartphones, laptops, firearms, drones, gold jewelry and cold wallets. The SEC had charged Heart, Hex, PulseChain and PulseX for unregistered securities offerings that raised over $1 billion and alleged $12 million misappropriation for luxury items; the case was dismissed in 2025.
HEX fell nearly 50% from $0.00090 to $0.00046 on Oct 14, then recovered to roughly $0.00060.
What does this arrest signal for crypto founders facing regulatory scrutiny?
#Crypto #FinTech #Regulation #CryptoFraud
Turkish authorities detained Richard James Schueler, aka Richard Heart, and his wife A.K. in Beşiktaş after a joint MIT‑Istanbul police operation under an Interpol Red Notice for alleged crypto fraud.
Searches seized over $7 million in cash (multiple currencies), smartphones, laptops, firearms, drones, gold jewelry and cold wallets. The SEC had charged Heart, Hex, PulseChain and PulseX for unregistered securities offerings that raised over $1 billion and alleged $12 million misappropriation for luxury items; the case was dismissed in 2025.
HEX fell nearly 50% from $0.00090 to $0.00046 on Oct 14, then recovered to roughly $0.00060.
What does this arrest signal for crypto founders facing regulatory scrutiny?
#Crypto #FinTech #Regulation #CryptoFraud