Richard Heart, the mind behind the HEX cryptocurrency, is now the subject of an Interpol Red Notice due to serious allegations. Facing charges that span tax fraud and violent assault, Heart finds himself embattled both legally and reputationally.
Heart's presence in the crypto domain has long been contentious. He not only developed the HEX project but has associations with other ventures like PulseChain and PulseX. His financial dealings and personal conduct are under scrutiny by global authorities.
Interpol has targeted Richard James Schueler—Heart's legal name—a United States citizen born on October 9, 1979. The Red Notice serves as an international request, urging global law enforcement to secure his capture for subsequent extradition. According to EUMostWanted, Schueler allegedly evaded substantial tax duties, accumulating to several hundred million euros, and has been implicated in violently assaulting a young individual.
Despite the weight of these accusations, Richard Heart dismisses the charges. He asserts that he is misunderstood and victimized by entities threatened by his innovations. He is optimistic about favorable future legal outcomes, especially under the forthcoming Trump administration, which he believes might align with his interests and ideologies.
"My whole life I've prepared for the future—anticipating and creating it. I’ve never been safer or more optimistic. The Honorable Justice in SEC v me should have her ruling out soon. Donald Trump will be in office soon. PulseX, PulseChain, HEX, INC are all functioning wonderfully. This provokes some entities, but all they can do is seethe. It feels great to be a driving force. Nothing halts an idea whose time has arrived," Richard Heart remarked.
Earlier in the year, Heart’s legal team made moves to challenge the SEC's securities fraud accusations, submitting a detailed letter to Judge Carol Bagley Amon of the US District Court for the Eastern District of New York.
Following the news of the Red Notice, the HEX token experienced a price surge of 30%, climbing from $0.0032 to $0.0044. Despite this spike, CoinMarketCap data indicates a sharp 50% decline in HEX's market valuation in December, reducing it to $2.54 billion. Furthermore, DefiLlama reveals that PulseX’s total value locked hit $700 million before dropping to $534 million by month's end. The gravity of these developments is evident as the crypto community and regulators continue to watch closely.