• Arkham Intelligence has launched an on-chain intelligence program to trace cryptocurrency pockets particulars.
• A person submitted an enormous bounty of 1000ARKM to trace down Elon Musk’s pockets.
• Different big bounties demand the identification of knowledge associated to SBF and Do Kwon’s wallets.

In line with the most recent studies, the wallets of main cryptocurrency luminaries similar to Elon Musk, Sam Bankman-Fried and Do Kwon had been stolen as a part of an intelligence acquisition program by blockchain intelligence agency Arkham Intelligence. It seems that the general public has invested 1000’s of {dollars} in monitoring down. .

On July 10, Arkham Intelligence shared Twitter. Asserting Intel Change, the world’s first on-chain info change, offering a possibility for people to purchase and promote info “anonymously” on any blockchain pockets tackle via sensible contracts. The platform permits patrons to collect details about wallets they want by setting bounties, and bounty hunters to earn rewards by submitting the requested info.

In line with a Twitter thread shared by cryptocurrency researcher Molly White, a person submitted an enormous bounty of 1,000 ARKM, totaling about $670, to trace info on tech billionaire Elon Musk’s pockets. It’s mentioned that In a sequence of tweets, the analyst criticized the platform’s technique of certifying “applicable intelligence” by solely claiming that Arkham would straight confirm intelligence utilizing its personal know-how.

It additionally revealed particulars about wallets owned by Do Kwon, the infamous founding father of crypto change Terraform Labs, and Sam Bankman-Fried, the disgraced ex-CEO of fallen cryptocurrency firm FTX. Consequently, some people have utilized for big rewards. The reward supplied for monitoring Kwon’s pockets was 10,000 ARKM ($6,587), whereas 1,500 ARKM ($988) is assured for SBF’s pockets disclosure.

In line with an announcement from Arkham Intelligence, this system goals to advertise transparency in a extremely hostile crypto surroundings. The platform mentioned:

Its intention is to usher in an entire new period of elevated transparency in cryptocurrencies, making it simpler and quicker to acknowledge fraudsters, hackers, dumpers and different harmful actors, and to assist the market. To have the ability to present helpful gadgets for assessments, dashboards and analytics. Monetized by the finder.

Over the previous few years, the cryptocurrency market has witnessed a sequence of cryptocurrency scams involving the exploitation of corporations similar to Wintermute, Cream Finance and Nomad Bridge. As a part of an on-chain espionage program, big bounties are being supplied to uncover the exploiters who stole big sums of cash throughout these assaults.