HEX Falls 30% After Reports of Founder Richard Schueler’s Arrest
Edited by Steinar Vigdel Kolnes, Editor, Oslo
HEX dropped 30% following local media reports that founder Richard Schueler had been arrested in Istanbul, according to Cointelegraph.
HEX lost 30% of its value after local media reported that the token’s founder, Richard Schueler, had been arrested in Istanbul, Cointelegraph reported.
The sell-off wiped about $160 million from the token’s market value, according to the outlet’s headline.
The reported arrest comes nearly two years after Interpol issued a Red Notice for Schueler. The source excerpt did not provide official confirmation of the arrest or further details about the case.
Source: Cointelegraph
