HEX founder arrested in Istanbul—the hot potato finally has someone to pass it to
Richard Heart has been arrested in Istanbul. HEX is currently at $0.00060194. The man who once touted “up to 312% returns for locking up your tokens for 300 years” has finally got the handcuffs he was waiting for.
I’ve been saying for ages that HEX has no external yield at all—it relies entirely on later investors’ principal to plug the holes left by earlier ones. Crypto veterans around the world waited three years, and what they got wasn’t a protocol upgrade, but a summons to a Turkish detention center.
But today, the market has no time to hold a memorial for him. Asia-Pacific markets went into meltdown: the KOSPI plunged more than 6% in a single day, triggering a circuit breaker, while the U.S. military opened fire in the Gulf of Oman again. NEAR, a blockchain heavily backed by Asian funds, was among the first to get hit—at $4.75, it was flat on the floor alongside the South Korean stock market.
The most absurd part? The broader market was falling apart, but BTW still managed to post 10 straight green candles. The scent of money hunkering down in small caps to survive is overwhelming—the safe-haven narrative for Bitcoin and Ethereum has long since fallen apart.
Richard Heart’s arrest shows one thing: the era when on-chain scams were “too big to regulate” is over. Regulators are actually taking action. The days of talking up valuations with empty promises are behind us.
Tomorrow, let’s see if BTW rises for an 11th day—if it doesn’t, it means the money has finally come to its senses.
🐶 Come check out Old Ma’s little dog ✨🚀
Richard Heart has been arrested in Istanbul. HEX is currently at $0.00060194. The man who once touted “up to 312% returns for locking up your tokens for 300 years” has finally got the handcuffs he was waiting for.
I’ve been saying for ages that HEX has no external yield at all—it relies entirely on later investors’ principal to plug the holes left by earlier ones. Crypto veterans around the world waited three years, and what they got wasn’t a protocol upgrade, but a summons to a Turkish detention center.
But today, the market has no time to hold a memorial for him. Asia-Pacific markets went into meltdown: the KOSPI plunged more than 6% in a single day, triggering a circuit breaker, while the U.S. military opened fire in the Gulf of Oman again. NEAR, a blockchain heavily backed by Asian funds, was among the first to get hit—at $4.75, it was flat on the floor alongside the South Korean stock market.
The most absurd part? The broader market was falling apart, but BTW still managed to post 10 straight green candles. The scent of money hunkering down in small caps to survive is overwhelming—the safe-haven narrative for Bitcoin and Ethereum has long since fallen apart.
Richard Heart’s arrest shows one thing: the era when on-chain scams were “too big to regulate” is over. Regulators are actually taking action. The days of talking up valuations with empty promises are behind us.
Tomorrow, let’s see if BTW rises for an 11th day—if it doesn’t, it means the money has finally come to its senses.
🐶 Come check out Old Ma’s little dog ✨🚀