Do Kwon, SBF, And Elon Musk On Arkham’s Wallet Bounties
- Arkham Intelligence launched an intel exchange, offering crypto rewards for identifying high-profile wallets, including those of Elon Musk, Do Kwon, and Sam Bankman-Fried.
- The marketplace offers over 200K ARKM of bounty rewards for identifying various corporate addresses and attackers who exploited companies like Wintermute and Cream Finance.
- The platform aims to uncover exploits and fraud but has faced backlash due to concerns of doxing individuals or revealing private information.
Arkham Intelligence recently launched its Intel Exchange on July 18. The platform offers crypto rewards to individuals who can identify high-profile wallets, including those of Elon Musk, Do Kwon, and Sam Bankman-Fried.
The rewards vary, with Terra founder Do Kwon’s wallet offering the highest reward of 10,000 ARKM ($6,587), while Tesla CEO Elon Musk’s wallet and FTX CEO Sam Bankman-Fried’s wallet offer 1,000 ARKM ($658) and 1,500 ARKM ($988), respectively.
The Intel Exchange offers a significant reward of 100,000 ARKM ($65,870) to anyone who can identify the individual behind an address linked to a hack that targeted FTX in November 2022 amidst its collapse. Other large bounties are offered to those who can identify attackers who exploited Wintermute, Nomad Bridge, and Cream Finance, offering 50,000 ARKM ($32,935), 10,000 ARKM ($6,587), and 5,000 ARKM ($3,293), respectively.
The platform also offers smaller rewards for identifying corporate addresses belonging to firms such as Grayscale, MicroStrategy, and Bitwise. In total, the Intel Exchange offers 204,250 ARKM of bounty rewards worth about $134,539 at current market prices. It is currently unclear whether these rewards may be paid out to multiple individuals or repeatedly for every identified address, and the true amount on offer may be significantly higher.
While the Intel Exchange has the potential to uncover important hacks and illegal activities, the platform has received significant backlash. Many believe that the platform may be primarily used to “dox” individuals or reveal private information. However, Arkham leaders have previously emphasized that the marketplace is intended to uncover exploits and fraud. At present, most of the available bounties appear to have been created by an “Arkham Admin” rather than general users.
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