HEX FOUNDER RICHARD HEART ARRESTED IN ISTANBUL UNDER INTERPOL RED NOTICE

Summary from the TLDR Crypto newsletter

Turkish authorities arrested Richard Heart (Richard James Schueler), founder of HEX, PulseChain, and PulseX, in Istanbul's Beşiktaş district during a joint intelligence and police operation, acting on an Interpol Red Notice issued at Finland's request. The seizure included $600,000 in cash, 7 firearms with 1,360 rounds of ammunition, 24 wristwatches, gold jewelry, 20 graphics cards, 14 SSDs, 12 mobile phones, 6 laptops, and 2 drones. The SEC had charged Heart in 2023 with raising over $1 billion through unregistered crypto offerings and misappropriating at least $12 million in investor funds, while Finland's separate Interpol notice covers tax fraud and assault allegations dating to 2024. Both Heart and his wife were taken into custody.