SEC · The Block
Turkey confirms Hex founder Richard Heart’s arrest, says police seized $7.15 million and six cold wallets
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Turkish Justice Minister Akın Gürlek confirmed on Saturday that Hex and PulseChain founder Richard Heart was detained in Istanbul, and said police seized $7.15 million in cash and six cold wallets in related searches.
Key facts
- Hex, the Ethereum-based token Heart launched in 2019, fell about 14% over the past 24 hours, per CoinGecko data
- Searches at 15 addresses in the Beşiktaş, Üsküdar and Sarıyer districts also turned up 160,000 Turkish lira, 28 watches, 97 pieces of jewelry, 300 bags and 19 graphics cards, according to Gürlek
- Turkish Justice Minister Akın Gürlek confirmed on Saturday that Hex and PulseChain founder Richard Heart was detained in Istanbul, and said police seized $7.15 million in cash and six cold wallets
- Gürlek linked Heart's Red Notice to allegations of $1 billion in crypto fraud in the U.S. and Finland
Summary
Heart, whose legal name is Richard James Schueler, was detained with his wife on Wednesday in an operation in Istanbul's Beşiktaş district, Gürlek said in a post on X. Istanbul's chief prosecutor's office ran the operation with the city police's intelligence and financial crimes units, supported by Turkey's intelligence agency, MİT. Searches at 15 addresses in the Beşiktaş, Üsküdar and Sarıyer districts also turned up 160,000 Turkish lira, 28 watches, 97 pieces of jewelry, 300 bags and 19 graphics cards, according to Gürlek. State news agency Anadolu separately reported that police impounded nine vehicles registered to Heart's wife.