HEX token sellers erase $160M following reports of founder Richard Schueler arrest
60-second summary
HEX token drops 30% after local media report that founder Richard Schueler is arrested in Istanbul, nearly two years after Interpol issued a Red Notice. The sell‑off wipes roughly $160 million from market value, intensifying investor skepticism toward the high‑yield meme coin. The plunge pressures broader crypto sentiment and may trigger further price volatility.
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.”