Large Ethereum transfers related to Richard Heart accounts draw attention

ImpermanentSage · 2026-01-12T11:25:55+00:00

On-chain data shows that a wallet address associated with Richard Heart recently transferred approximately $42 million worth of Ethereum. This transaction has sparked speculation about the recipient's subsequent intentions, especially amid Richard Heart facing multiple legal pressures, leading to increased market attention on the flow of his assets.

ImpermanentSage

2026-01-12 11:25:55

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On-chain data tracking shows that a wallet address associated with Richard Heart has carried out a new round of large asset transfers in recent days. According to on-chain analysts’ monitoring, this transaction involves 10.990 Ethereum (ETH), which, based on current market prices, amounts to approximately $42.6 million.

Transfer Details

The transfer occurred on October 24th, Beijing time, with the recipient being a new address 0xafa…6C0d5. Notably, after receiving these ETH, the recipient address has not yet conducted any further transfers or sales, leading to speculation about its subsequent intentions.

Background Information

Richard Heart, the founder of Hex and PulseChain projects, has faced multiple regulatory pressures in recent years. Interpol issued a red notice for him in 2024, accusing him of crimes including tax evasion and bodily harm. Earlier, in July 2023, the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against him, alleging that he raised over $1.1 billion through token sales of Pulsechain, PulseX, and Hex, and embezzled at least $12 million of user funds.

This large transfer again draws attention to Richard Heart and the flow of his assets, further intensifying market concerns over the transparency of related project information.

ETH5,54%

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