Richard James Schueler, known as Richard Heart and founder of Hex and PulseChain, was arrested in Istanbul on October 14, 2026, for alleged cryptocurrency fraud totaling around $1 billion involving the US and Finland. The operation, led by Turkish authorities with intelligence support, also detained his wife and bodyguards, seizing millions in cash, luxury goods, weapons, and digital assets. This arrest follows an Interpol Red Notice linked to unresolved Finnish tax fraud claims, distinct from a dismissed US SEC case. Turkish officials emphasize ongoing investigations and international cooperation to prevent the country from becoming a refuge for cross-border criminals.
The story about Richard Heart's arrest provides context for readers following cryptocurrency markets. For readers following cryptocurrency, here is Pluang's market snapshot as of Oct 19, 2026 01:41 WIB: out of 50 major cryptocurrencies priced on Pluang, 4 rose and 45 fell today. Filecoin (FIL) traded at Rp18.328 with a 1-day change of -4.47%, while The Graph (GRT) was at Rp415 with a 90% sell order activity, and Theta Network (THETA) stood at Rp3.328 with a typical hold time of 78 days.
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