Arkham Intelligence launched its Intel Exchange on July 18, providing an opportunity for users to earn a massive crypto bounty by identifying high-profile wallet addresses.
What Happened: Notable figures such as Elon Musk, Do Kwon, and Sam Bankman–Fried are among the targets of this bounty program.
Several rewards are being offered, including 10,000 ARKM ($6,587) for identifying the wallet of Terra founder Do Kwon, 1,000 ARKM ($658) for Tesla CEO Elon Musk’s wallet, and 1,500 ARKM ($988) for FTX CEO Sam Bankman-Fried’s wallet.
The most substantial reward currently available is for uncovering the individual behind an address linked to a hack that targeted FTX during its collapse in November 2022. Those who can identify this individual stand to earn a whopping 100,000 ARKM ($65,870).
Additional bounties are offered for unmasking attackers who exploited Wintermute, Nomad Bridge, and Cream Finance.
Smaller rewards are also available for identifying corporate addresses belonging to prominent firms like Grayscale, MicroStrategy, and Bitwise.
The total bounty rewards offered on the intel marketplace amount to 204,250 ARKM, equivalent to approximately $134,600 at current market prices.
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Controversy Surrounding the Marketplace: While Arkham’s intel marketplace aims to shed light on significant hacks and illegal activities, it has faced substantial backlash due to concerns that it may be used to “dox” individuals or expose private information.
Arkham’s leaders have denied these claims, stating that the platform’s primary purpose is to uncover exploits and fraud rather than targeting individuals.
Price Action: At the time of writing, Bitcoin was trading at $30,068, down 0.24% in the last 24 hours, according to Benzinga Pro.
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