Oct 14, 2026
Law and Order
Hex Founder Richard Heart Detained in Istanbul on Interpol Red Notice: Report
Turkish authorities have detained Richard Heart, the founder of the Hex cryptocurrency, in Istanbul on an Interpol Red Notice, Daily Sabah reported on Wednesday, citing Turkish news agency IHA. Heart, whose legal name is Richard James Schueler, was detained with his wife on Wednesday morning in an operation by Istanbul police and Turkey's National Intelligence Organization (MIT), according to the report. Police had monitored his address in the city's Beşiktaş district before the arrest. Officers...
Apr 23, 2025
Business
Hex Founder Richard Heart Claims Victory as SEC Abandons Fraud Lawsuit
Richard Heart says he has "defeated the SEC completely" after the U.S. regulator abandoned its fraud lawsuit against him. The crypto entrepreneur—who founded HEX, PulseChain and PulseX—had been accused of selling unregistered securities and misleading investors. US Court Dismisses SEC Case Against Richard Heart, Hex A federal judge dismissed the case in February after concluding that the SEC had failed to prove Heart's statements specifically targeted American consumers. The regulator was given...
Dec 23, 2024
Law and Order
Hex Crypto Founder Richard Heart Hit With Interpol Red Notice
Interpol, the world’s largest international law enforcement organization, issued an arrest request for Hex cryptocurrency founder Richard Schueler over tax fraud and assault accusations. Interpol issued its red notice for Schueler, better known in crypto circles as Richard Heart, as a “request to law enforcement worldwide to locate and provisionally arrest a person pending extradition, surrender, or similar legal action.” Still, it is just a request, with the organization explaining that “a red...
Aug 23, 2024
Law and Order
SEC Hits Back at Richard Heart's Motion to Dismiss $1 Billion Hex Case
The United States Securities and Exchange Commission (SEC) has hit back at Richard Heart, the founder of the crypto project Hex, following his motion to dismiss a case alleging that he raised more than $1 billion by selling unregistered securities. Last summer, Heart and three “unincorporated entities” that he controls were charged with “misappropriating millions of dollars of investor funds” raised from unregistered crypto asset security offerings, which generated more than $1 billion. This inc...