Arkham Rewards $5k Bounty for Information on Do Kwon and Terra Wallets

In a notable development, a platform focused on “deanonymizing the blockchain” has received its first submission concerning 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,” who were rewarded with 9,519.2625 Arkham (ARKM) tokens, valued at roughly $5,000 at the time of the announcement. The submission came from an anonymous user and Ergo, who describes themselves as a “glorified accountant” collaborating with OXT Research. They provided the platform with “evidence of wallets” linked to Kwon and Terra. This information could potentially challenge public statements made by Terra regarding the ownership of only one Luna Foundation Guard wallet, where 313 Bitcoin (BTC) is reportedly held in reserve.

Since its launch on July 10, Arkham has faced criticism from numerous individuals within the crypto community, who view the platform as nothing more than an elaborate form of snitching. The company’s concept revolves around enabling users to post bounties seeking details about blockchain transactions. However, the information is only made public after 90 days from Arkham’s approval of the submission. As a result, any information regarding the wallet addresses of Kwon and Terra may not be accessible until late October. This approach has raised concerns and led to negative reactions from those skeptical about the platform’s intentions and methods.

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