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CryptoMediumUpdated•Originally published 14 October 2026•Updated 14 October 2026•
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Hex Founder Richard Heart Reportedly Detained in Istanbul with Asset Seizure

Key Facts

1Turkish reports indicate that Richard Heart, founder of Hex and PulseChain, has been detained in Istanbul.
2Turkish authorities reportedly seized $4 million and 64 luxury watches during the operation.

Turkish authorities detained Richard Heart, the founder of Hex and PulseChain, in Istanbul according to reports cited by The Block. During the operation, officials reportedly seized $4 million in cash and 64 luxury watches. The detention follows a period of intense regulatory scrutiny and legal challenges surrounding Heart's cryptocurrency ventures.

The legal escalation is expected to trigger volatility and potential sell-side pressure across the Hex and PulseChain ecosystems. In related regional data, Turkey reported a 1.9% annual decline in industrial production on October 9, 2026, while annual retail sales grew by 10.1% as of October 12, 2026.

Latest Updates · 1

  1. Notable·

    Update: Heart was detained following an Interpol Red Notice issued at the request of Finnish authorities. The police operation in Istanbul's Besiktas district also resulted in the seizure of electronic devices belonging to the Hex founder, alongside previously reported assets.