Richard Heart got bagged in Istanbul. Dawn raid. Wife detained. Interpol red notice from Finland.
$HEX -51%
$PLS -51%
$PLSX -59%
All in 48 hours. Liquidity was already dead, so this is a full capitulation event.
What they seized: cash, watches, gold, guns, drones, phones, SSDs. Classic high-net-worth bust.
Finland claims aggravated tax fraud (hundreds of millions) + assault. SEC case in the US got dismissed in 2025, but this is a different jurisdiction and a different beast.
No extradition confirmed yet. No conviction. But the damage is done.
Founder risk is not a meme. When the project IS the person, you're not holding a token, you're holding a bet on one man's freedom.
If you're still in $HEX or $PLS, ask yourself: what's the recovery thesis without Richard? Because right now, there isn't one.
This is what happens when liquidity, decentralization, and legal clarity are all missing. You get a -50% in one headline.
Turkish court ruling next. Then maybe extradition. Then maybe nothing. But the chart already spoke.
$HEX -51%
$PLS -51%
$PLSX -59%
All in 48 hours. Liquidity was already dead, so this is a full capitulation event.
What they seized: cash, watches, gold, guns, drones, phones, SSDs. Classic high-net-worth bust.
Finland claims aggravated tax fraud (hundreds of millions) + assault. SEC case in the US got dismissed in 2025, but this is a different jurisdiction and a different beast.
No extradition confirmed yet. No conviction. But the damage is done.
Founder risk is not a meme. When the project IS the person, you're not holding a token, you're holding a bet on one man's freedom.
If you're still in $HEX or $PLS, ask yourself: what's the recovery thesis without Richard? Because right now, there isn't one.
This is what happens when liquidity, decentralization, and legal clarity are all missing. You get a -50% in one headline.
Turkish court ruling next. Then maybe extradition. Then maybe nothing. But the chart already spoke.