Richard Heart
Oct 19, 2026

Richard Heart arrested in Istanbul as Turkish authorities report $7 million seizure

Hex founder Richard Heart, whose legal name is Richard James Schueler, was arrested last week in Istanbul in an operation involving Turkey’s National Intelligence Organization, the Istanbul Chief Public Prosecutor’s Office, the Financial Crimes Division, and Interpol, according to Protos and Turkish outlet TGRT Haber. Authorities said the raids covered 15 locations in Beşiktaş and led to the seizure of $7 million, six physical crypto wallets, 300 designer bags, 100 pieces of jewelry, four rifles, three pistols, and 1,400 rounds of ammunition. TGRT Haber also published a censored image showing Heart partially naked in an armchair, which Protos said appeared to have been taken during the police raid, though the exact timing was not confirmed. Heart’s alleged wife, Alina Kara, and three bodyguards were also arrested. Turkey’s Justice Minister Akın Gürlek said judicial proceedings are ongoing and stated that the country would not serve as a refuge for transnational crime suspects. The report also noted that Finland secured an Interpol Red Notice against Heart in December 2024 over alleged aggravated tax fraud, while a separate SEC case filed in 2023 was dropped in 2025 after the agency failed to establish jurisdiction.

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Richard Heart arrested in Istanbul as Turkish authorities report $7 million seizure
Richard Heart
Oct 14, 2026

Report Says Hex Founder Richard Heart Was Detained in Istanbul on Interpol Red Notice

Turkish authorities detained Hex founder Richard Heart in Istanbul on Wednesday under an Interpol Red Notice, according to Daily Sabah, which cited Turkish state news agency IHA. Heart, whose legal name is Richard James Schueler, was reportedly taken into custody along with his wife during an operation involving Istanbul police and Turkey’s National Intelligence Organization, or MIT. Police had monitored his address in the Beşiktaş district before the detention, the report said, and officers seized phones, laptops, graphics cards, firearms, drones, gold bracelets, and cash in multiple currencies. The Red Notice was issued by Interpol in 2024 at Finland’s request. It lists one charge, aggravated tax fraud, while Finnish authorities have also sought Heart over an alleged assault, according to the report. Daily Sabah described the notice as tied to high-value cryptocurrency fraud. The report added that it was not immediately clear whether Finland had formally requested extradition from Turkey. Heart launched Hex in 2018. In 2023, the U.S. Securities and Exchange Commission sued him and the entities Hex, PulseChain, and PulseX, alleging unregistered crypto asset securities offerings that raised more than $1 billion and the misuse of at least $12 million in investor funds. A federal judge dismissed that case in February 2025 for lack of jurisdiction, and the SEC did not amend the complaint by an April deadline.

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Report Says Hex Founder Richard Heart Was Detained in Istanbul on Interpol Red Notice