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Turkey Confirms Arrest of Richard Heart in $1 Billion Fraud Case
Turkey's Justice Minister confirmed the arrest of Richard Heart, founder of HEX, in a $1 billion fraud investigation.
Mercation Admin
October 18, 2026 1 min read
Turkey's Justice Minister, Akin Gurlak, has confirmed the arrest of Richard Heart, the founder of HEX and PulseChain, in Istanbul on October 14, following an Interpol red notice. Alongside Heart, authorities detained his wife and three individuals believed to have served as his security detail.
During searches conducted at 15 locations, law enforcement seized $7.15 million in cash, 160,000 Turkish lira, and six hardware cryptocurrency wallets. Additionally, the operation uncovered luxury items such as jewelry, watches, bags, footwear, electronics, four shotguns, three unregistered pistols, and 1,400 rounds of ammunition.
Heart is suspected of being involved in a $1 billion cryptocurrency fraud scheme spanning the United States and Finland.



