Heat oven to 350 degrees F.
Grate cheese and allow it to come to room temperature.
Spread Rice Chex on a sheet pan and bake in 350 degree oven for 5-10 minutes, stirring occasionally, until starting to turn a light golden brown. Set aside to cool. Leave oven on.
Combine butter and cheese in a medium bowl. Work together until thoroughly combined.
Crush Rice Chex and stir into cheese mixture.
Add flour.
Mix in completely.
Mix in salt, cayenne, and hot sauce.
Use a half tablespoon to scoop out dough.
Roll dough into balls and place 2 inches apart on un-greased sheet pan.
Flatten dough balls to 1/8 inch thickness.
Bake at 350 degrees for approximately 12-15 minutes, until just starting to color.