HEX Founder Richard Heart Sells $16.29 Million ETH After Tornado Cash Use

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author: CryptoNews

date: November 13, 2025

1 min. read

Richard Heart, the controversial founder of HEX, has reportedly sold a significant portion of Ethereum (ETH) after routing it through the privacy protocol Tornado Cash. AmberCN reported that an address believed to be controlled by Heart withdrew 4978 ETH from Tornado Cash and subsequently swapped it for 16.294 million DAI. This transaction follows a previous deposit of 154,000 ETH (approximately $611 million USD at the time) into Tornado Cash by the same address on the 5th. The sale raises questions about the founder's intentions and the future of HEX, especially given past regulatory scrutiny and criticisms of the project's structure. The move adds to the ongoing debate surrounding cryptocurrency privacy and the use of mixers like Tornado Cash. The implications for HEX holders remain to be seen. ```