Interpol Red Notice Targets Crypto Founder: A Spotlight on Legal Gaps in 2025

As of March 07, 2025, the crypto world is reeling from yet another high-profile scandal: Richard Schueler, better known as Richard Heart, founder of Hex and PulseChain, has been added to Interpol’s “most wanted” list via a Red Notice. Issued on December 18, 2024, at the request of Finnish authorities, this move follows allegations of a massive scam involving tax fraud and assault, intensifying debates over legal regulation in the cryptocurrency industry. Authored by cryptostats.xyz, this article dives into the case, its implications, and the growing need for oversight in the Wild West of blockchain.

Heart, accused of raising over $1 billion through unregistered token sales by the U.S. SEC in 2023, now faces global scrutiny. Posts on X from users like @BoringSleuth warned of his fraudulent activities for years, while recent reports from CryptoPotato and Bitget News confirm the Red Notice’s impact: Hex’s value has plummeted 25%, compounding a 99% drop from its all-time high of $0.5561.

Legal Heat Rises: Implications for Crypto Regulation

The Red Notice isn’t an arrest warrant but a global call to locate and detain Heart pending extradition. Finnish authorities allege tax evasion worth hundreds of millions of euros between 2020 and 2024, alongside assault charges, as reported by Live Bitcoin News. Coupled with the SEC’s claims of unregistered securities sales (Hex, PulseChain, PulseX), this case underscores a critical gap in crypto oversight. According to Crypto.News, the fallout has reignited calls for stricter international regulations to curb scams that have cost investors billions—$2.2 billion in 2024 alone, per Chainalysis.

For the industry, Heart’s saga is a wake-up call. While he remains defiant on social media, claiming philanthropy (e.g., raising $27M for medical research), the mounting legal pressure—from Interpol, Europol, and the SEC—could set a precedent for how regulators tackle crypto fraud globally, as noted by cryptostats.xyz.

Conclusion

Richard Heart’s addition to Interpol’s “most wanted” list marks a turning point in the fight against crypto scams. As one founder’s empire crumbles, the industry faces a reckoning: without robust legal frameworks, such incidents will persist. Sources like Yahoo News and X posts highlight the urgency of this issue in 2025. Stay informed with cryptostats.xyz as we track this evolving story and its ripple effects on blockchain’s future.

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