Person Submits Bounty to Observe Elon Musk’s Pockets on Arkham Intel

• Arkham Intelligence has launched an on-chain intelligence program for monitoring particulars of crypto wallets.
• A person has submitted an enormous bounty of 1000 ARKM to trace Elon Musk’s pockets.
• Different enormous bounties request to establish the knowledge linked to the wallets of SBF and Do Kwon.

Newest experiences revealed that the general public is investing hundreds of {dollars} to trace high-profile wallets of the key crypto figures together with Elon Musk, Sam Bankman-Fried, and Do Kwon, as a part of the blockchain intelligence firm Arkham Intelligence’s intel-to-earn program.

On July 10, Arkham Intelligence shared a Twitter put up saying the world’s first on-chain intelligence trade, Intel Trade, offering a chance for people to purchase and promote data “anonymously” on any blockchain pockets tackle, by way of good contract. The platform permits patrons to gather details about the required wallets by putting bounties and the bounty hunters may earn rewards by submitting the requested intel.

As per a Twitter thread shared by the crypto researcher Molly White, a person has submitted an enormous bounty of 1000 ARKM, amounting to about $670 to trace the knowledge of the tech billionaire Elon Musk’s pockets. In a sequence of tweets, the analyst criticized the platform’s technique of qualifying “enough intelligence,” as Arkham merely claimed that it could immediately confirm intelligence utilizing proprietary know-how.

People have additionally submitted enormous bounties for uncovering particulars relating to the wallets owned by the ill-famed founding father of the crypto trade Terraform Labs, Do Kwon, and the disgraced Sam Bankman-Fried, the previous CEO of the fallen crypto agency FTX. Whereas the reward proffered for monitoring Kwon’s wallets accounted for 10,000 ARKM ($6,587), 1,500 ARKM ($988) has been assured for unveiling SBF’s pockets.

As per Arkham Intelligence’s assertion, this system intends to advertise transparency within the highly-hostile crypto atmosphere. The platform cited:

The purpose is to usher in a model new interval of upper transparency in crypto, the place scammers, hackers, dumpers, and totally different harmful actors might be acknowledged far more merely and shortly — and useful gadgets of market analysis, dashboards, and evaluation might be monetized by their discoverers.

Over the previous few years, the crypto market has witnessed a sequence of crypto scams together with the exploitation of the companies Wintermute, Cream Finance, and Nomad Bridge. As a part of the on-chain intelligence program, enormous bounties have been supplied to uncover the exploiters who’ve stolen a whopping quantity throughout these assaults.