• Arkham Intel Exchange has awarded its first bounty to two investigators who found information on wallets owned by Do Kwon, the co-founder of Terraform Labs.
• The bounty was worth $5,000 and was paid out in Arkham (ARKM) tokens.
• ErgoBTC, one of the two investigators, revealed that they found multiple wallets belonging to LFG which contradicted their statement that their reserves were in one wallet containing 313 Bitcoin.
Arkham Intel Exchange Awards First Bounty
Controversial platform Arkham Intel recently paid out a $5,000 bounty to two investigators in the form of 9,519.2625 Arkham (ARKM) tokens. The bounty was given for information on Do Kwon of Terra-Luna and is seen as a “dox-to-earn” platform by critics.
Investigator Reveals Findings
ErgoBTC is one of the two investigators who received the bounty from Arkham Intel Exchange. They revealed some findings regarding Luna Foundation Guard (LFG), which had claimed that their only wallet contains 313 Bitcoin. However, ErgoBTC’s investigation uncovered multiple wallets belonging to LFG which contradicted this statement.
Transparency Sparks Debate
The transparency provided by cryptocurrency brings up a debate between trust and accountability versus privacy concerns. This development involving Arkam Intel brings this debate into focus as it requires users to provide personal information in order to claim rewards for investigations into individuals or organizations.
Background on Terraform Labs
Teraform Labs is an organization founded by Do Kwon focused on creating an interoperable blockchain infrastructure with new applications such as tokenized real estate investment trusts (REITs). It lost funds during a process called UST depeg which sparked confusion over its whereabouts and lead to Arkam Intel offering its first bounty for information related to Do Kwon’s wallets.
The awarding of the first bounty by Arkam Intel raises questions about transparency and privacy when it comes to cryptocurrency transactions and other activities conducted through blockchain technology platforms such as Teraform Labs‘.