Two anonymous blockchain investigators were awarded a total of 9,519.26 ARKM.
The platform uses a bounty system to reward users who discover on-chain information.
A platform with the stated goal of “deanonymizing the blockchain” has approved its first input, which details wallet addresses associated with Terraform Labs and its co-founder, Do Kwon.
On July 24, Arkham Intel Exchange announced that it had accepted a submission from two “on-chain sleuths.” For which a bounty of 9,519.26 Arkham (ARKM), or around $4,950 was attached.
Moreover, after satisfying the reward requirements and receiving permission from the platform. Two anonymous blockchain investigators were awarded a total of 9,519.26 ARKM, or around $4,950.
In May of 2022, Terraform Labs had one of the worst collapses in the history of the cryptocurrency industry when its stablecoin TerraUSD and cryptocurrency Luna both crashed. Moreover, Do Kwon was charged with securities offenses by the SEC after he allegedly engaged in unregistered sales of crypto asset securities, failed to disclose material facts, and repeatedly misled investors.
Severe Criticism
Furthermore, launched on July 10th, Arkham Intel Exchange uses a bounty system to reward users who discover on-chain information. Anyone may put out a “bounty” for information, but the platform must first authorize any contributions.
Also, if a bounty is collected, the hunter receives the payment. And the poster of the bounty keeps the information secret for 90 days. This would imply that the whole details of the Kwon and Terra wallet addresses would be made public by the end of October.
Some in the crypto world are concerned that innocent individuals may be doxed with the use of this platform. And this has raised debate and drawn severe criticism since its launch.