Interpol Targets Crypto Founder Richard Heart with Red Notice
A Red Notice is not an arrest warrant. Instead, it serves as a request for police worldwide to find and temporarily hold someone.
Global police network Interpol has reportedly issued a “Red Notice” for Richard Schueler, better known as Richard Heart.
Heart is the creator of the crypto project Hex. The accusations against Heart are serious. Finnish officials claim he committed tax fraud and was involved in an assault incident involving a 16-year-old.
Active Online, Silent on the Case
Reports state that these accusations date back to 2020 and stretch up to 2024. While Finland first issued a legal order in September, the global notice was only made public recently. Despite the charges, Heart has maintained an active social media presence, sharing updates about his work and even addressing critics indirectly.
In one post, the Hex creator highlighted raising $27 million for medical research, seemingly deflecting attention from the allegations. However, he has not directly responded to the charges or the Red Notice.
If the haters really wanted to get me down they could raise more than the $27M I did for medical research. Write free self help books better than my sciVive and Fix The World. Work in the courts for legal precedent for P2P publishing software. Found things that work flawlessly…
— Richard Heart (@RichardHeartWin) December 22, 2024
Heart’s legal troubles do not end with Finnish authorities. He is involved in a legal dispute with the US Securities and Exchange Commission (SEC). The US regulator accuses him of raising over $1 billion through the sale of three cryptocurrency tokens—Hex, PulseChain, and PulseX—without proper registration. The SEC claims the sale of these tokens violated US laws. The crypto market reacted sharply to Interpol’s Red Notice story. The $HEX token dropped by over 25% shortly after the story broke.
A Red Notice is not an arrest warrant. Instead, it serves as a request for police worldwide to find and temporarily hold someone. Recall that Interpol issued a Red Notice for Terraform Labs founder Do Kwon in 2022. Authorities claimed Kwon was a key figure in the 2022 collapse of the Terra/Luna cryptocurrencies.
Hex and PulseChain founder Richard Heart wanted by Interpol on charges of tax evasion and assault. pic.twitter.com/43OC5tbAmU
— Watcher.Guru (@WatcherGuru) December 22, 2024
A growing focus on crypto
Heart’s and Kwon’s cases are examples of the growing scrutiny in the crypto space. Law enforcement agencies targeted illegal crypto activities, from fraud to hacks, throughout 2024.
North Korean hackers stole more from crypto platforms than ever before: $1.34 billion, which represents 61% of the total amount stolen for the year. pic.twitter.com/tVBsOKW8U7
— Chainalysis (@chainalysis) December 19, 2024
Interestingly, a new Chainalysis report shows that hackers wiped off over $1 billion from crypto platforms in 2024. Additionally, centralized platforms took the most hit. The report highlights the demand for stronger security measures as crypto goes mainstream.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
SOL’s market cap slips amid bearish December
Crypto has had a rough week after the most recent FOMC meeting
Why IOTA Rebased Could Dominate Real-World Asset Tokenization in 2025
Hedera News: Game-Changing 2025 Plans with AI, Nvidia, Chainlink, and HBAR Growth
Arkham: BlackRock Ethereum ETF has bought $3.5 billion worth of ETEH so far