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- Two unidentified blockchain researchers received a total of 9,519.26 ARKM.
- The platform employs a bounty mechanism to incentivize users who uncover on-chain data.
A platform aimed at “deanonymizing the blockchain” has approved its initial submission, which includes wallet addresses linked to Terraform Labs and its co-founder, Do Kwon.
On July 24, Arkham Intel Exchange revealed that it had accepted a contribution from two “on-chain investigators,” for which a bounty of 9,519.26 Arkham (ARKM), approximately $4,950, was offered.
Additionally, after fulfilling the reward criteria and obtaining approval from the platform, two anonymous blockchain researchers were granted a total of 9,519.26 ARKM, roughly $4,950.
In May 2022, Terraform Labs experienced one of the most significant collapses in the cryptocurrency sector when its stablecoin TerraUSD and cryptocurrency Luna both plummeted. Furthermore, Do Kwon faced charges from the SEC for alleged securities violations, including unregistered sales of crypto asset securities, failure to disclose essential information, and misleading investors on multiple occasions.
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Severe Criticism
Moreover, launched on July 10, Arkham Intel Exchange utilizes a bounty system to reward users who find on-chain information. Anyone can issue a “bounty” for information, but the platform must first approve any submissions.
Additionally, if a bounty is claimed, the finder receives the reward, while the individual who posted the bounty keeps the information confidential for 90 days. This suggests that the complete details of the Kwon and Terra wallet addresses will be disclosed by the end of October.
Some members of the crypto community express concerns that innocent individuals may be doxxed through the use of this platform, leading to discussions and significant criticism since its inception.
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