Turkey’s justice minister confirms that HEX founder Richard Heart was arrested in Istanbul on suspicion of a $1 billion crypto scam
After a security incident, the market generally goes through three stages:
1) Panic: News spreads and selling intensifies;
2) Assessment: How large are the losses relative to the project, and could the stolen funds be dumped on the market?
3) Aftermath: The team’s response determines whether sentiment recovers.
$BTC is currently at 81488.37, down 0.12% over 24 hours. Don’t rush to buy the dip—wait until the second stage becomes clearer.