HEX Token Drops 30%, Erasing $160M After Founder Richard Schueler’s Reported Arrest in Istanbul

The scale of the drawdown is less about HEX's fundamentals than about the market pricing a founder-specific legal shock, which is a recurring pattern in tokens whose narrative is tied to one figure. The reported arrest, following an earlier Interpol notice, shifts the question from operational risk to legal overhang — a harder variable for holders to assess. What matters next is whether the reports are confirmed and whether the legal process produces any asset or exchange-related actions, since that, not the headline itself, would determine the lasting impact.