HEX token sellers erase $160M following reports of founder Richard Schueler arrest
The HEX token’s price declined by 30% following local media reports of the Istanbul arrest of founder Richard Schueler, nearly two years after Interpol issued a “Red Notice.”
AI summary
HEX token holders sold off heavily after reports surfaced that founder Richard Schueler was arrested in Istanbul, nearly two years after Interpol issued a Red Notice for him. The token's price dropped 30%, erasing roughly $160 million in market value. The arrest of a project's central figure raises concerns about leadership, legal exposure, and potential asset seizures, prompting traders to exit positions.
Narrative history
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2H AGOYou’re reading thisHEX token sellers erase $160M following reports of founder Richard Schueler arrestCointelegraph · Score 65
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4H AGOCoinDesk · Score 45 · via Hex, founder Richard
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7H AGOThe Defiant · Score 55 · via HEX, Richard
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22H AGOCryptoSlate · Score 45 · via HEX, founder Richard
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22H AGOThe Block · Score 45 · via Hex, founder Richard
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23H AGOBeInCrypto · Score 55 · via Istanbul, Richard
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14 OCT · 14:05The Defiant · Score 45 · via Interpol, Heart
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14 OCT · 14:03Decrypt · Score 45 · via Hex, Founder Richard
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14 OCT · 13:00Bitcoin.com News · Score 55 · via Richard, Founder Richard
