Turkey Arrests Hex Founder Richard Heart and Seizes Millions in Assets

Key Facts

1Turkish authorities confirmed the arrest of Hex founder Richard Heart and seized cash and cold wallets.

2Police seized $7.15 million in cash, six cold wallets, and seven firearms during searches of 15 addresses.

Turkish authorities confirmed the arrest of Richard Heart, the founder of the Hex cryptocurrency project, and seized cash and cold wallets. The Block reported that police confiscated $7.15 million in cash, six cold wallets, and seven firearms during raids conducted across 15 addresses.

The arrest is part of ongoing legal and regulatory enforcement actions against the founder, involving the seizure of significant physical and digital assets. In broader Turkish economic context, retail sales grew by 10.1% year-on-year on October 12, 2026, highlighting the domestic commercial environment preceding these regulatory developments in the crypto sector.