Independent DeFi security desk · Status: operationalMethodology & corrections · Submit an incident
DeFi Safety · Fact checked

Hex Founder Richard Heart Detained in Istanbul on Interpol Red Notice: Report

Turkish police and intelligence officers reportedly seized cash, phones, jewelry and firearms at the crypto founder's address in Beşiktaş.

This article may contain affiliate links. Commercial relationships are disclosed in the affiliate policy.

DeFi Safety — illustration keyed to this article's identifier. Source documents are listed under Sources and are not reproduced here.

What happened

Turkish police and intelligence officers reportedly seized cash, phones, jewelry and firearms at the crypto founder’s address in Beşiktaş.

Reported details

  • Richard Heart, founder of HEX and PulseChain, was reportedly arrested in Turkey. Authorities seized $4M in assets, raising concerns in the crypto community.
  • Interpol’s public record identifies Finland as the requesting jurisdiction and lists aggravated tax fraud; Heart’s separate SEC case was dismissed in 2025.

Why this matters

Hex Founder Richard Heart carries pricing or financing terms rather than a structural change on its face. If it sets out a yield, a spread or a financing cost, the figure worth having is the net one: after issuer fees, redemption friction, and the credit behind the collateral. A headline number without those deductions is not a return, and this brief does not treat it as one.

Evidence boundary

The scope is limited to what the linked reports state, and where two of them diverge both positions are recorded without either being picked in advance.

What to verify

Read Hex Founder Richard Heart for any figure it actually states, net of issuer fees and redemption friction where those apply, alongside the credit standing of whatever collateral is named.

Sources and editorial check time

This information is educational and is not financial, legal, or tax advice.

Sources