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Richard Heart Detained in Istanbul as HEX and PulseChain Tokens Plunge
Hex and PulseChain founder Richard Heart, also known as Richard James Schueler, was reportedly detained by Turkish authorities in Istanbul on Wednesday. The detention came as Turkish media identified Heart as the suspect detained at a residence in Beşiktaş. Authorities seized $4 million in cash, 64 luxury watches, and electronic devices. The reported detention triggered sharp declines across tokens associated with his projects. HEX fell 28% during the day, extending losses from its 2021 peak near $0.44. PLS token of PulseChain dropped 33% within 24 hours, shedding nearly 98% since its 2023 launch. The latest developments could intensify investor concerns about both projects.