The Canada Brief

World · 19 d ago

Beşiktaş and Şişli skyline, Istanbul

Benreis · CC BY 3.0 · Wikimedia Commons

Hex crypto founder Richard Heart detained in Istanbul, Turkish media report

Beşiktaş

Istanbul, Turkey

Heart, whose legal name is Richard James Schueler, was detained with his wife on Wednesday in Istanbul's Beşiktaş district by police and Turkey's intelligence agency, according to reports.

Interpol

Red Notice

Interpol issued a Red Notice for him in 2024 at Finland's request; it asks police worldwide to find and provisionally arrest a person, and is not an international arrest warrant.

What we know

  • Finland lists aggravated tax fraud
  • Finland also seeks him over an alleged assault

Not yet

  • Whether Finland has asked for extradition

The notice lists aggravated tax fraud, and Finland has also sought him over an alleged assault; it is not yet clear whether Finland has asked Turkey to extradite him.

Background

The US Securities and Exchange Commission charged him in 2023 over offerings that raised more than US$1 billion, but a judge dismissed the case in February 2025 for lack of jurisdiction.