Richard James Schueler, known by the pseudonym Richard Heart, founder of the token HEX, was arrested on October 14 in Istanbul by Turkish police and the MİT intelligence services, following an Interpol Red Notice issued in December 2024 at Finland’s request for suspected aggravated tax fraud. During the search of his home in Beşiktaş, authorities seized $4 million in cash, 64 luxury watches, jewelry, firearms, as well as mining equipment and several electronic devices. Richard Heart’s wife was also arrested. The HEX token dropped roughly 60 % in the hours following the arrest announcement, falling from around $0.00226 to a low near $0.0009, while the PLSX and PLS tokens lost 49 % and 36 % respectively.
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