South Koreaâs Crypto Bill Approaches Final Stage as Tax Dispute Grows
South Koreaâs Digital Asset Basic Act is nearly complete, while debate over the crypto tax continues ahead of a January 2027 start.
Richard Heart arrested in Istanbul; police seize $7m and luxury goods. Photo shows him partially naked during raid.
Turkish news outlet TGRT Haber has published unflattering images of Hex founder Richard Heart, who appears partially unclothed in an armchair, as part of its coverage of a police operation that resulted in Heart's arrest and the seizure of $7 million.
Richard Heart, whose given name is Richard James Schueler, was taken into custody last week in Istanbul. The operation was coordinated by Turkey's National Intelligence Organization (MİT), the Istanbul Chief Public Prosecutor's Office, the Financial Crimes Division, and Interpol.
As part of raids across 15 sites in the BeĆik area, police also confiscated six hardware crypto wallets, 300 luxury handbags, 100 pieces of jewelry, four rifles, three handguns, and 1,400 rounds of ammunition.
Alina Kara, reported to be Heart's wife, along with three bodyguards, was also detained.
The exact moment the compromising photograph was captured is unclear but from police accounts and Heart's startled expression, it appears to have been taken mid-raid.
Justice Minister GĂŒrlek said on Saturday: â and added that his judicial proceedings are still ongoing.â Altough the quote âTurkey will not be a refuge for transnational crimes and fugitive suspects!â Also remain quote exactly.
Also GĂŒrlekâs post referred to this case, but the SEC dropped its case in 2025 after failing to establish legal jurisdiction.
In December 2024, Interpol issued a Red Notice at its request for Heart over allegations of aggravated tax fraud involving hundreds of millions of euros in unpaid taxes.
The SEC charged Heart in 2023 with selling more than $1 billion in unregistered securities and misappropriating millions from its Hex PulseChain, and PulseX crypto projects.
GĂŒrlek's post referred to that case, but the SEC abandoned its case in 2025 after failing to establish legal jurisdiction.
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Disclaimer: this article comes from third-party media and is provided for reference only. It does not constitute investment advice. Crypto and other financial products carry significant price volatility risk, so please make your own decisions carefully.
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