Interpol arrests HEX and PulseChain founder Richard Heart in Turkey

HEX: HEX is a cryptocurrency project created by Richard Heart that operates within the decentralized finance space. It has been associated with the founder in ongoing regulatory scrutiny from multiple jurisdictions. The arrest of its founder in Turkey highlights potential operational challenges for the project amid the legal developments. PulseChain: PulseChain is a blockchain network launched by Richard Heart as a fork of Ethereum. The project focuses on decentralized applications and has been tied to the same founder now facing custody following the Interpol-supported operation in Istanbul. This event places the protocol under increased attention regarding its leadership and future direction. Richard Heart: Richard Heart, legally known as Richard James Schueler, is the founder of several cryptocurrency projects including HEX and PulseChain. He has been the subject of international legal actions involving tax-related allegations from Finnish authorities. The recent arrest in Turkey directly involves him as the primary individual detained in the Istanbul operation. Legal Context: Previous U.S. regulatory proceedings involving the founder and associated projects were resolved in 2025, while separate international inquiries remain active. Enforcement Action: Turkish authorities, including the National Intelligence Organization and police, executed the operation in Istanbul's Beşiktaş district. International Coordination: The detention stems from an Interpol Red Notice requested by Finland related to prior allegations.