According to Decrypt, Hex and PulseChain founder Richard Schueler is the subject of a criminal investigation by the Finnish police for suspected serious tax evasion and assault. The Finnish police suspect Schueler of failing to pay hundreds of millions of euros in taxes between 2020 and 2024, and that the creation and promotion of his cryptocurrency projects were all carried out in Finland. In addition, the U.S. Securities and Exchange Commission (SEC) also accused him of illegally raising more than $1 billion through unregistered cryptocurrency issuance and of defrauding investors of $12.1 million. At present, although the Finnish police have issued an in absentia detention order for Schueler, his whereabouts are unknown, so he has not yet been actually arrested.