Newton Gitonga
Richard Schueler, known to many as Richard Heart, and the founder of Hex and PulseChain, has entered Europe’s most-wanted list.
Finnish authorities issued the notice alleging assault and tax fraud.
Amidst the legal trouble, HEX’s price jumped from $0.003266 to $0.00440 – a 35.96% jump within 24 hours.
Interpol prompts red notice for Schueler
This alert requests global law enforcers to locate and arrest Hex founder for tax fraud and assault charges.
BREAKING: Richard Schueler, widely known as “Richard Heart”, the founder of $HEX and PulseChain, has now been listed on the EU’s most wanted page + of Interpol
Richard Schueler failed to file business tax returns for the tax multiple years and also failed to complete information…
Regulators issued Shueler’s remand order on September 13.
Finnish authorities suspected the Hex founder of tax evasion between June 2020 and April 2024.
The claims include inconsistencies in his reported revenue compared to the tax authorities’ calculations.
The Hex founder has also joined Europe’s most-wanted list, alleging that he assaulted a teen by dragging and punching them while on the ground.
The victim suffered pain, bled, and swelled due to the physical attack.
Richard’s response: “Nothing can stop an idea whose time has come.”
Despite Interpol’s notice, Richard Heart appeared unbothered by the allegations.
He emphasises his dedication to improving the world for a better tomorrow.
Schueler believes this doesn’t sit well with some entities who want to hurt his flourishing ventures.
My whole life I’ve been preparing for the future. Anticipating it. Creating it. I’ve never been safer and I’m excited for the future.
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…
Nonetheless, he trusts in favorable regulatory approaches under the incoming Trump administration, adding that “nothing can stop an idea whose time has come.”
Richard added that “hate is a poor substitute for progress.”
HEX price performance
HEX gained 36% to hit the $0.004440 daily high following the red notice announcement.
The altcoin changed hands at $0.004312 at press time, with a 25% uptick in daily trading volume signaling intensified trader activity.
That underscored significant recoveries following December struggles, which saw HEX’s market cap plunging by over 50% to $2.48 billion at press time.
Technical indicators also support HEX’s upward trajectory.
The altcoin hovers well above the vital 50-day and 200-day Exponential Moving Averages on the daily timeframe. That signals robust buyer strength.
Further, the 4H Moving Average Convergence Divergence has approached a bullish deviation with the signal line, highlighting continued upswings in the near term.
HEX will likely extend its upside to $0.4540 – another 5.29% increase from current prices before its revealing trajectory.
However, broad market influence remains crucial in shaping HEX’s performance in the upcoming sessions.
Bears dominate the cryptocurrency space as Trump-driven momentum fades. Bitcoin recorded its first seven-day loss since Donald Trump’s victory.
BTC lost nearly 10% over the past week to trade at $95,247 at press time.
The downside followed the Fed’s hawkish outlook, which dampened optimism about Trump embracing cryptocurrencies.
The crypto sector displays selling signals, which could translate to short-lived HEX gains.
Also, the legal developments around Richard Heart could deteriorate HEX’s performance in the upcoming sessions.
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