HEX Token's Market Value Evaporates by $160 Million Due to Founder's Arrest
2026-10-15 20:21:35
According to CoinMeta, the price of HEX token fell by nearly 30% after news broke that its founder Richard Schueler was arrested by Turkish authorities. As of October 15, 2026, the market value of HEX token dropped from over $500 million on Wednesday to $340 million, representing a loss of about $160 million. Schueler has also been issued a red notice by Interpol for suspected tax fraud and attacks.
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Source：Cointelegraph
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