Turkey confirms Hex founder Richard Heart’s arrest, says police seized $7.15 million and six cold wallets

Turkish authorities confirmed the arrest of Hex founder Richard Heart, saying police seized $7.15 million in cash, six cold wallets, seven firearms and 1,400 rounds of ammunition across searches of 15 addresses. The seizure of cold wallets raises questions about whether HEX-linked holdings are now in state custody. Traders holding HEX should watch for price volatility and any disclosure of wallet contents, since the founder's legal jeopardy and potential asset freezes weigh on confidence in the project.