According to The Block, Turkish authorities have confirmed the arrest of Richard Heart, founder of the cryptocurrency platform Hex. The announcement details that police conducted searches at 15 addresses and seized $7.15 million in cash, six cold wallets, seven firearms and 1,400 rounds of ammunition.
The seizure includes both monetary value and hardware wallets classified as cold storage, which are typically used for long-term cryptocurrency holdings offline. The presence of firearms and ammunition within the searched locations is also noted in the report. No further details were provided regarding the timing of the arrests beyond the confirmation by Turkish police.
Richard Heart previously gained public attention through his involvement with Hex, a decentralized investment protocol launched in 2021. The confirmed arrest reflects an ongoing regulatory action by Turkish authorities related to cryptocurrency operations and associated compliance matters.
