Turkey, in cooperation with Interpol, has arrested Richard Heart, founder of HEX and PulseChain.
An old crypto case became a trending topic overnight: project narratives can be hyped for a long time, but once the founder is brought in, it immediately becomes a criminal case. The surge in likes and reposts shows that the market still hasn’t become desensitized to “founder risk.”
For those waiting to break even: when evaluating a project, first ask whether its founder can flee—and whether they could be pursued across borders. Open-source code won’t solve extradition.
Would you still go all in on a project built around a larger-than-life founder?
#BinanceSquare
An old crypto case became a trending topic overnight: project narratives can be hyped for a long time, but once the founder is brought in, it immediately becomes a criminal case. The surge in likes and reposts shows that the market still hasn’t become desensitized to “founder risk.”
For those waiting to break even: when evaluating a project, first ask whether its founder can flee—and whether they could be pursued across borders. Open-source code won’t solve extradition.
Would you still go all in on a project built around a larger-than-life founder?
#BinanceSquare