Finnish police have seized luxury watches worth approximately $2.6 million belonging to Hex founder Richard Schueler (also known as Richard Heart) from a residence in Espoo, including 20 watches, most of which are Rolex. He is wanted for alleged nationwide tax evasion.
This operation is related to a previous Interpol red notice against Schueler. He is accused of tax evasion, violent assault of minors, and misusing $12 million raised through the Hex project to purchase luxury goods. Additionally, the U.S. Securities and Exchange Commission (SEC) has charged him with raising over $1 billion through unregistered securities like Hex, claiming that the high returns promised by his crypto project are unrealistic. (Decrypt)