Controversial Arkham Intel Exchange Unearths $160 Million Worth of Undisclosed Wallets
The first bounty offered by the controversial Arkham Intel Exchange has revealed evidence of undisclosed wallets containing $160 million worth of digital assets tied to Do Kwon and Terraform Labs. This discovery contradicts Terra’s previous claim of exhausting all reserves in an attempt to defend the UST stablecoin peg.
Key Points:
- Two anonymous investigators have earned Arkham Intel’s inaugural bounty by providing evidence of undisclosed wallets holding over $160 million worth of digital assets tied to Terraform Labs and Do Kwon.
- The wallets in question contain more than 5200 BTC, contradicting Luna Foundation Guard’s previous claim of only having 313 BTC.
- The revelations could have significant repercussions for Do Kwon and his mission to maintain the dollar peg of TerraUSD (UST).
- More insights related to the wallets are expected to emerge over the next few months.
- The Arkham Intel Exchange has sparked considerable debate regarding privacy concerns and the potential misuse of private information.
Hot Take:
The discovery of undisclosed wallets containing $160 million worth of digital assets tied to Do Kwon and Terraform Labs raises questions about their credibility and the stability of the UST stablecoin peg. This revelation could further damage the reputation of Terra and its founder, Do Kwon, who is already facing charges of fraud. The Arkham Intel Exchange’s controversial platform continues to spark debate about privacy and the potential consequences of trading on-chain data.
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