- Richard Heart allegedly transfers $500M in ETH through Tornado Cash.
- Ethereum price remains stable despite the transfer.
- No regulatory responses or DeFi disruptions observed so far.
Richard Heart allegedly funneled over $500 million of Ethereum into Tornado Cash, tracing activity through blockchain data as of November 2025.
This major financial move raised privacy concerns, yet Ethereum’s market remained stable with continued bullish trends, showing resilience in the sector.
Richard Heart, founder of HEX and PulseChain, allegedly transferred over $500 million in ETH through Tornado Cash. The transaction was verified through on-chain data, marking a significant financial operation from his affiliated wallets.
Heart’s wallets reportedly moved over 25,000 ETH, approximately $100 million, as of November 2025. This action was noted by several whale-tracking platforms, yet no formal statement has been provided by Heart or regulatory bodies.
Despite the move, Ethereum’s price exhibited stability and maintained bullish momentum. The market impact was minimal, showing resilience in the face of potential turbulence from such large movements.
No changes occurred in DeFi TVL or ETH staking, and exchanges registered stable liquidity levels. Regulatory bodies, including SEC and CFTC, have not issued statements on the transactions.
According to $ETH’s history and its tendency to retest after large price breakouts, we are in the beginning stages of a huge run as prices have displayed a large breakout and retest once again. Ethereum could send toward $8,000+
Although Heart’s action mirrors previous Tornado Cash uses by other large players, Ethereum’s price did not see a significant drop. The broader DeFi ecosystem remains unaffected, with volumes consistent across relevant tokens.
Future scrutiny may arise concerning the legality and implications of using Tornado Cash, which is known for privacy but flagged for potential misuse. Historical trends suggest Ethereum could reach higher valuations despite recent news.
