Turkey confirms Hex founder Richard Heart’s arrest, says police seized $7.15 million and six cold wallets

Law enforcement authorities in Turkey have officially confirmed the arrest of Hex founder Richard Heart. According to reports, Turkish police carried out searches across 15 different addresses, resulting in the seizure of $7.15 million in cash, six cold wallets, seven firearms, and 1,400 rounds of ammunition. This major operation marks a significant development in the ongoing legal scrutiny surrounding the controversial crypto figure and his associated projects.

Richard Heart, known for launching prominent digital assets including Hex, PulseChain, and PulseX, has previously drawn intense regulatory attention. His projects operated under unique tokenomics and high-yield staking models that frequently alarmed financial watchdogs globally. The recent law enforcement actions in Turkey signal a broadening scope of international investigations into his activities and financial holdings.

For the broader cryptocurrency market, this high-profile arrest highlights the increasing international cooperation among law enforcement agencies targeting digital asset figures. Projects associated with Heart have historically maintained dedicated communities, yet they have also faced persistent allegations of operating unregistered securities offerings. Such enforcement actions reinforce the growing regulatory pressure on founders who promote high-risk token ecosystems.

Industry observers and legal experts have closely monitored the situation, noting that the involvement of physical cash, firearms, and hardware wallets adds severe complexity to the case. While some community members continue to defend the ecosystem, compliance advocates argue that cross-border enforcement is crucial for maintaining market integrity and protecting retail participants from potentially fraudulent schemes.

As the legal process unfolds, attention will likely shift toward the security and accessibility of the seized cold wallets, as well as potential extradition proceedings. Authorities will need to determine how the confiscated digital assets and cash will be handled, which could set important precedents for future cryptocurrency-related criminal investigations on an international scale.