HEX Founder Richard Heart Detained in Istanbul on Interpol Red Notice for Tax Fraud
What happened
Richard Heart, founder of HEX and PulseChain, was detained in Istanbul on October 14, 2026, under an Interpol Red Notice linked to a Finnish tax investigation.
The Context
- Ongoing Investigation: Finnish authorities have been investigating Heart for alleged aggravated tax fraud since September 2024, with claims of unpaid taxes in the hundreds of millions of euros.
- Asset Seizures: Turkish police seized approximately $7.15 million in cash, luxury items, and firearms during the operation, indicating the scale of the investigation.
- Extradition Process: Heart remains in custody as Finland seeks extradition, which could set a precedent for international cooperation in financial crime cases.
The Number
— the amount seized by Turkish authorities, underscoring the serious financial implications of tax evasion in the crypto space.
Takeaway
Expect heightened regulatory scrutiny in the crypto sector as international authorities collaborate on financial crime investigations.
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