Arkham Intel Exchange Launches First Ever Bounty Hunt
The controversial Arkham Intel Exchange recently approved its first ever bounty hunt, thanks to two crypto sleuths who discovered evidence of crypto wallets belonging to Do Kwon, the former CEO of Terraform Labs. The platform had initially requested more information on Kwon, who is now an international fugitive. After successfully completing the bounty and gaining approval from the platform, the anonymous blockchain sleuth and pseudonymous user ErgoBTC were rewarded with 9,519.26 ARKHM, equivalent to approximately $4,950.
Here are the key points of this news:
– Terraform Labs, the company behind TerraUSD and Luna, experienced a major collapse in May 2022.
– The Securities and Exchange Commission charged Do Kwon with securities violations related to unregistered transactions, inadequate disclosures, and misleading information.
– Arkham Intel Exchange incentivizes users to find on-chain data through a bounty system.
– Users can post bounties to seek information, but the platform must approve the submissions.
– Bounty hunters earn rewards, and the bounty poster retains the information for 90 days before sharing it with the Arkham community.
Critics of Arkham Intel Exchange argue that the platform may be used to expose innocent individuals, sparking controversy within the crypto community.
Hot Take
The approval of the first-ever bounty hunt on Arkham Intel Exchange marks an important milestone for the platform. However, the controversy surrounding its potential misuse to dox innocent people raises concerns about privacy and security within the crypto community. While the platform incentivizes users to discover valuable on-chain data, it must strike a delicate balance to ensure the ethical use of its bounty system.
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