$670 Bounty Placed on Elon Musk’s Crypto Wallet – What’s the Latest?

• Arkham Intelligence has launched a new “Intel Exchange” platform that allows users to submit bounties in return for information about blockchain transactions.
• The platform’s most prominent bounty is currently a reward of 100,000 Arkham (ARKM) tokens, equivalent to approximately $70,000, on the $415 million stolen from FTX shortly after the company filed for bankruptcy.
• The launch of Arkham’s intelligence marketplace has sparked privacy and safety concerns in the crypto community.

Arkham Intelligence Launches Intel Marketplace

Arkham Intelligence has launched a new “Intel Exchange” platform that allows users to submit bounties in return for information about blockchain transactions. The platform went live on Monday with an initial bounty placed on obtaining information about Elon Musk ‘s crypto wallet amounting to $670.

Major Crypto Thefts Bountied

The Intel Exchange aims to engage crypto sleuths in investigating and identifying individuals or entities involved in major crypto thefts. Arkham has already posted bounties for some unsolved hacks including the $160 million hack of trading firm Wintermute and the nearly $200 million exploit of Nomad’s token bridge . The website’s most prominent bounty is currently a reward of 100,000 Arkham (ARKM) tokens, equivalent to approximately $70,000, on the $415 million stolen from FTX shortly after it filed for bankruptcy.

Privacy Concerns Raised

The launch of Arkham’s intelligence marketplace has sparked privacy and safety concerns in the crypto community. Some argue that paying to identify and expose crypto users goes against the culture of anonymity that the space values. There are also concerns about bad actors launching projects only to collect alt wallets and sell that information or random employees from exchanges doing so if bounty is high enough if it isn’t illegal in certain places.

What Is Arkham?

Arkham is an open-source project created by Future Unity Foundation which focuses on digital asset security solutions powered by blockchain technology and smart contracts. It seeks to provide its users with an easy-to-use yet powerful suite of tools designed to help protect their digital assets from theft or loss due to malicious attacks or poor user practices.

Conclusion

Arkham’s Intel Exchange offers a unique opportunity for people who have knowledge related to major cryptocurrency hacks or thefts but may not be able receive rewards through traditional means such as bug bounty programs or other hacking competitions. However, there are still many questions around how this type of data collection will affect user privacy and incentivize bad behavior among those looking for quick rewards from identifying vulnerable wallets they come across online.

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