- Arkham Intelligence has launched an on-chain intelligence program for tracking details of crypto wallets.
- An individual has submitted a massive bounty of 1000 ARKM to track Elon Musk’s wallet.
- Other huge bounties request to identify the information connected to the wallets of SBF and Do Kwon.
Latest reports revealed that the public is investing thousands of dollars to track high-profile wallets of the major crypto figures including Elon Musk, Sam Bankman-Fried, and Do Kwon, as part of the blockchain intelligence company Arkham Intelligence’s intel-to-earn program.
On July 10, Arkham Intelligence shared a Twitter post announcing the world’s first on-chain intelligence exchange, Intel Exchange, providing an opportunity for individuals to buy and sell information “anonymously” on any blockchain wallet address, via smart contract. The platform allows buyers to collect information about the required wallets by placing bounties and the bounty hunters could earn rewards by submitting the requested intel.
As per a Twitter thread shared by the crypto researcher Molly White, an individual has submitted a massive bounty of 1000 ARKM, amounting to about $670 to track the information of the tech billionaire Elon Musk’s wallet. In a series of tweets, the analyst criticized the platform’s strategy of qualifying “adequate intelligence,” as Arkham simply claimed that it would directly verify intelligence using proprietary technology.
Individuals have also submitted huge bounties for uncovering details regarding the wallets owned by the ill-famed founder of the crypto exchange Terraform Labs, Do Kwon, and the disgraced Sam Bankman-Fried, the former CEO of the fallen crypto firm FTX. While the reward proffered for tracking Kwon’s wallets accounted for 10,000 ARKM ($6,587), 1,500 ARKM ($988) has been guaranteed for unveiling SBF’s wallet.
As per Arkham Intelligence’s statement, the program intends to promote transparency in the highly-hostile crypto environment. The platform cited:
The aim is to usher in a brand new period of higher transparency in crypto, the place scammers, hackers, dumpers, and different dangerous actors could be recognized way more simply and shortly — and beneficial items of market evaluation, dashboards, and analysis could be monetized by their discoverers.
Over the past few years, the crypto market has witnessed a series of crypto scams including the exploitation of the firms Wintermute, Cream Finance, and Nomad Bridge. As part of the on-chain intelligence program, huge bounties have been offered to uncover the exploiters who have stolen a whopping amount during these attacks.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
