HEX Sinks After Richard Schueler’s Istanbul Arrest Shakes Market

Community Trust Score Verified 85 % Real Verified 26 votes Updated 46 minutes ago Turkish police raided a residence in Istanbul’s Beşiktaş district on Oct. 14 and detained HEX founder Richard Schueler. The token’s market cap dropped from $561 million to $315 million inside a week — a $246 million wipeout. The move underscores how quickly a token’s valuation can unravel when a project’s founder becomes the focus of law enforcement action, especially in a market that is already sensitive to headline risk and confidence shocks.

Source: The Currency Analytics