Turkey confirms arrest of Hex founder Richard Heart, $7.15M and six cold wallets seized
According to The Block on Oct. 17, Turkish authorities confirmed the arrest of Hex founder Richard Heart in Turkey. During searches of 15 addresses, police seized approximately $7.15 million in cash, six cold wallets, seven firearms and 1,400 rounds of ammunition. Citing Turkey’s interior ministry, the report notes that the operation is part of a multi-stage investigation into cross-border illegal activity in the crypto sector. The episode has again focused outside attention on cross-border enforcement, asset seizure and regulatory risk for crypto-industry principals, and has directly affected Hex token liquidity and investor confidence.