Current outcome
Richard Heart arrested in Istanbul, assets seized, investigation into alleged international fraud network ongoing; HEX token fell nearly 30% and erased about $160 million in market value following the arrest reports.
Progress timeline
3 material updates- #01
⚡️国际刑警逮捕HEX和PulseChain创始人Richard Heart
Turkish Interpol reportedly arrested HEX and PulseChain founder Richard Heart.
Source evidence: theblockbeats · foresightnews
- #02
Richard Heart arrested in Turkey almost 2 years after Interpol red notice
New report confirms Richard Heart was arrested in Istanbul and adds: coordinated raid by Istanbul authorities, seizure of $4 million cash, 64 luxury watches, weapons, computers, crypto mining equipment; investigation into alleged international fraud network; Finland Interpol Red Notice from Dec 2024 context.
State after update: Richard Heart arrested in Istanbul in a coordinated raid by Turkish authorities; assets seized; investigation into alleged international fraud network ongoing.
Source evidence: Protos
- #03
HEX token sellers erase $160M following reports of founder Richard Schueler arrest
HEX token price fell nearly 30%, erasing about $160 million in market value, as market reacted to reports of founder's arrest.
State after update: Richard Heart arrested in Istanbul, assets seized, investigation into alleged international fraud network ongoing; HEX token fell nearly 30% and erased about $160 million in market value following the arrest reports.
Source evidence: Cointelegraph