#hex创始人richardheart在伊斯坦布尔被捕
【Veteran Crypto Watch】 HEX founder reportedly detained in Istanbul; HEX and PLS both under pressure. This time, the market is worried not about technical issues, but about founder risk.
On October 14, several media outlets cited Turkish media reports that Richard Heart, founder of HEX and PulseChain, had been detained in Istanbul in an operation reportedly involving Turkish police and the national intelligence agency. The reports linked the incident to an Interpol Red Notice requested by Finnish authorities, in connection with alleged serious tax fraud.
After the news broke, HEX briefly fell about 25%, while PulseChain’s PLS also declined significantly. It should be noted that these figures reflect prices at the time of the media reports, and the market may have changed since then; Turkish police have also yet to publicly confirm the detention.
For holders, the impact goes beyond short-term panic. When a founder faces legal risks, the market reassesses project governance, disclosures, community confidence, and future development. However, this does not automatically mean the project will stop operating: whether the token contracts continue to run and whether the founder is detained are two separate matters.
The two key things to watch next are whether the detention is officially confirmed, and whether HEX and PLS maintain liquidity and attract buyers after the sell-off. Buying the dip simply because prices have fallen sharply could carry more risk than expected.
【Veteran Crypto Watch】 HEX founder reportedly detained in Istanbul; HEX and PLS both under pressure. This time, the market is worried not about technical issues, but about founder risk.
On October 14, several media outlets cited Turkish media reports that Richard Heart, founder of HEX and PulseChain, had been detained in Istanbul in an operation reportedly involving Turkish police and the national intelligence agency. The reports linked the incident to an Interpol Red Notice requested by Finnish authorities, in connection with alleged serious tax fraud.
After the news broke, HEX briefly fell about 25%, while PulseChain’s PLS also declined significantly. It should be noted that these figures reflect prices at the time of the media reports, and the market may have changed since then; Turkish police have also yet to publicly confirm the detention.
For holders, the impact goes beyond short-term panic. When a founder faces legal risks, the market reassesses project governance, disclosures, community confidence, and future development. However, this does not automatically mean the project will stop operating: whether the token contracts continue to run and whether the founder is detained are two separate matters.
The two key things to watch next are whether the detention is officially confirmed, and whether HEX and PLS maintain liquidity and attract buyers after the sell-off. Buying the dip simply because prices have fallen sharply could carry more risk than expected.