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.”
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What happened
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.”
Reported details
- TL;DR HEX fell nearly 30% after reports of Richard Schueler’s detention in Istanbul, erasing roughly $160 million from the token’s reported market capitalization as sellers reacted. CoinMarketCap later showed HEX near $0.000579, down about 34.6% over 24 hours, extending losses beyond the initial market snapshot during trading. Schueler’s earlier SEC case was dismissed in 2025, …
Why this matters
HEX token sellers erase carries pricing or financing terms rather than a structural change on its face. If it sets out a yield, a spread or a financing cost, the figure worth having is the net one: after issuer fees, redemption friction, and the credit behind the collateral. A headline number without those deductions is not a return, and this brief does not treat it as one.
Evidence boundary
The scope is limited to what the linked reports state, and where two of them diverge both positions are recorded without either being picked in advance.
What to verify
Read HEX token sellers erase for any figure it actually states, net of issuer fees and redemption friction where those apply, alongside the credit standing of whatever collateral is named.
Sources and editorial check time
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Cointelegraph: https://cointelegraph.com/news/hex-token-erases-160m-reports-founder-schuelers-arrest
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Crypto Economy RWA: https://crypto-economy.com/hex-plunges-30/
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Editorial source check time: 2026-10-15T17:43:33.864Z
This information is educational and is not financial, legal, or tax advice.