The first-ever bounty hunt has been facilitated by the Arkham Intel Exchange, a platform that uses a bounty system to encourage users to discover on-chain data which launched on July 10.
An Anonymous Blockchain Investigator and ErgoBTC Completed the Bounty
The first-ever bounty hunt has been facilitated by the Arkham Intel Exchange, a platform that uses a bounty system to encourage users to discover on-chain data which launched on July 10.
Do Kwon, the former CEO of Terraform Labs and currently a worldwide wanted man, was the subject of a bounty placed by the site, and two on-chain sleuths discovered evidence of his cryptocurrency wallets.
An anonymous blockchain investigator and ErgoBTC completed the bounty and received platform permission to get a payout of 9,519.26 ARKM, or approximately $4,950.
In May 2022, Terraform Labs saw one of the biggest collapses in the history of the industry with its stablecoin TerraUSD and Luna token. Do Kwon was accused of violating securities laws by the Securities and Exchange Commission for allegedly offering cryptocurrency asset securities in unregistered transactions, failing to make full and accurate disclosures, and spreading false information to investors.
The platform has stirred much debate in the crypto space, with some claiming that it might be used to dox innocent individuals.
