Interpol, the world’s largest international law enforcement organization, issued an arrest request for Hex cryptocurrency founder Richard Schueler over tax fraud and assault accusations.

Interpol issued its red notice for Schueler, better known in crypto circles as Richard Heart, as a “request to law enforcement worldwide to locate and provisionally arrest a person pending extradition, surrender, or similar legal action.” Still, it is just a request, with the organization explaining that “a red notice is not an international arrest warrant.

Byron Boston, former Dallas police officer and CEO of crypto firm Crypto Track, told Decrypt that “the Interpol Red Notice reflects increasing international collaboration to address criminal activities tied to cryptocurrency, such as fraud and tax evasion.”

“The notice fosters international cooperation,” Boston added, “and signals law enforcement’s intent to hold crypto founders accountable for financial misconduct, enhancing scrutiny over projects.”

Schueler founded Hex, a cryptocurrency marketed as a high-yield “blockchain certificate of deposit,” with his token being investigated as potential unregistered securities. Schueler is accused of misusing $12 million on luxury goods and promoting unrealistic returns.

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Author: Adrian Zmudzinski