Finance1 min read

Turkish police detained Hex and PulseChain founder Richard Heart on Oct. 14, seizing $7M+ in cash and six cold wallets; HEX fell nearly 50% on initial reports (Zack Abrams/The Block)

By · Published by Everything Blog

In short

Turkish police have detained Richard Heart, founder of HEX and PulseChain, on October 14, seizing $7 million in cash and six cold wallets, leading to a 48% drop in HEX's value. The incident has raised concerns about security within DeFi projects.

Key points

  • Concerns about security within DeFi projects have been raised.: Concerns about security within DeFi projects have been raised.
  • Detention of a key figure in the decentralized finance ecosystem.: Detention of a key figure in the decentralized finance ecosystem.

Sources checked by our analysis pipeline: 1

Steven Zeitchik / The Hollywood Reporter: |

Chase DiBenedetto / Mashable: |

Bloomberg: |

Joe Barnes / Telegraph: |

Saritha Rai / Bloomberg: |

Jean Eaglesham / Wall Street Journal: |

Zack Abrams / The Block: |

Preeti Singh / Bloomberg: |

Owen Dahlkamp / Politico: |

Rafe Rosner-Uddin / Financial Times: |

Kyohei Suga / Nikkei Asia: |

Nilay Patel / The Verge: |

Mike Butcher / Pathfounders: |

FinTech Global: |

Marcus Mendes / 9to5Mac: |

Anthropic: |

Anthropic: |

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Terrence O'Brien / The Verge: |

Malia Spencer / Portland Business Journal: |

Financial Times: |

Michael Acton / Financial Times: |

Andrew E. Freedman / Tom's Hardware: |

Prathik Jayaprakash / Reuters: |

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