HEX’s market cap slid from $561M to $315M after founder Richard Heart was detained during a raid in Istanbul. Turkish authorities reportedly seized $7.15M in cash; supporters say formal arrest or charges have not been confirmed.

  • HEX shed $246M in market value this week.
  • Police reportedly searched 15 addresses and seized cash, firearms and ammunition.
  • Formal charges remain unconfirmed; watch for official updates before trading the headlines.

The immediate signal is a sharp, founder-linked confidence shock—not proof of HEX’s long-term direction. Traders should expect volatility and check liquidity before stepping into a falling token; any recovery needs confirmation, not memes.