Turkish police and intelligence forces arrested Heart, also known as Richard James Schueler, and his wife in the Beşiktaş district of Istanbul under a 2024 Interpol Red Notice for aggravated tax fraud in Finland. Authorities reportedly seized 64 luxury watches, up to $4 million in cash, firearms, and gold jewelry. While a 2023 SEC case involving $1 billion in unregistered offerings was dismissed in early 2025 due to jurisdiction, legal experts are now calling for victims of Heart's PulseChain and HEX projects to pursue recovery claims from the seized assets.
Tuesday, October 20, 2026
Story
HEX Plummets 31% Following Arrest of Founder Richard Heart
Crypto6 days ago
Uniswap liquidity for the HEX cryptocurrency sank to $354,000 against $703,000 in daily volume, creating severe execution risks for sellers after the founder's detention. The token's market value crashed by 31% over a 22 hour window, with Coingecko reporting a peak decline of 34.8%. The selloff began immediately following reports that Richard Heart was taken into custody by Turkish authorities.
Looking for more context or analysis?
Tilt chat provides reliable, tailored insights, alerts, and automations.