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HEX founder Richard Heart reportedly detained in Istanbul as HEX token falls 30%
Summary
Richard Heart, the founder of HEX and PulseChain, has been detained in Istanbul, according to Turkish media reports cited by Decrypt, The Block and CoinDesk.
Decrypt said the detention was reportedly tied to an Interpol Red Notice, and The Block and CoinDesk cited reports that police seized $4 million in cash and 64 watches; Decrypt also listed phones, jewelry and firearms.
At the time of The Block's Oct. 14 report, police had not confirmed the detention.
Cointelegraph, which identified him as Richard Schueler, reported that HEX dropped 30% after the news, with sellers erasing $160 million, nearly two years after Interpol issued the Red Notice.
Updates
- Update, : Added Cointelegraph's report on the HEX price drop.
Key facts
- Turkish reports say $4 million and 64 watches were seized; police had yet to confirm the detention.
- Officers reportedly seized cash, phones, jewelry and firearms at his address in Beşiktaş.
- The raid reportedly took place at his Istanbul residence.
- HEX fell 30% after the reports.