You've definitely seen this video—this dude flexes everywhere he goes, and now he’s been arrested by Turkish police!!! The guy is Richard Heart, founder of HEX and PulseChain. In the crypto world, he’s absolutely a legendary figure. His biggest hobby? Showing off his wealth: Rolex, Patek Philippe, luxury cars, a 555-carat black diamond… he might as well tattoo 'I’m rich' on his forehead. But this time, Turkish police and intelligence agencies teamed up and detained him and his wife in Istanbul. At his residence, authorities seized $4 million in cash, 64 luxury watches, and a ton of electronic devices. Dude flexed so hard that even the cops came to help inventory his assets. How did this guy even make his fortune? Let’s start with HEX. Launched in 2019, it’s marketed as blockchain-based time deposits, claiming annual returns of up to 38%. Users can lock their tokens for up to 5555 days—that’s 15 years. Sounds great, but the returns mainly come from the 3.69% annual token inflation and penalties for early withdrawals. There’s no external revenue stream to back it up. Basically, you’re earning more HEX, but whether you can convert that into more dollars depends entirely on whether the market has buyers willing to take it off your hands. HEX was once hyped as a get-rich-quick miracle, but now it’s down over 99% from its all-time high in 2021. Then he launched PulseChain and PulseX in 2023. Essentially, PulseChain is a copy of Ethereum’s state, focused on low transaction fees, paired with PulseX, a decentralized exchange similar to Uniswap. The guy’s fundraising skills are next-level. He doesn’t call it investing; he calls it Sacrifice. Users send crypto assets to designated addresses, and later, PLS and PLSX are distributed according to the rules. According to the U.S. SEC’s lawsuit materials, these two rounds of fundraising brought in over $354 million and $676 million in crypto assets, totaling more than $1 billion. https://(x.com)/seranged/status/2110376055210909986/video/1?s=46