Arkham users offer bounty for discovering Do Kwon wallets

The Arkham Intel Exchange on-chain data marketplace has posted the first order to track the wallets of Terraform Labs’ former head, Do Kwon.

Two online sleuths have already completed the ‘headhunting’ — proving ownership of several addresses belonging to the businessman. The bounty amounted to 9519 ARKM (~$5971 at the time of writing).

According to one of the detectives, the information uncovered contradicts TFL’s statements about there being only one wallet for the Luna Foundation Guard fund.

platform Arkham launched on 10 July allows posting orders to locate specific information in blockchains for a reward. The order must undergo preliminary moderation and be approved by marketplace administrators.

The requested data are published to the public after 90 days, so information about Do Kwon’s wallets, who is currently in a Montenegrin prison, will appear at the end of October.

The Arkham project has elicited mixed reactions in the community. Users called the platform a “snitch service,” and some saw it as raising concerns about decentralisation.

According to Arkham’s initial statement, there are many positive use cases for the marketplace. However, experts are concerned about the potential misapplication of the proposed business model.

As reported in Arkham Intelligence’s token sale, 114,454 participants collectively blocked 10.18 million BNB ($2.4 billion) to purchase the project’s tokens. The final conversion rate stood at 4.92 ARKM per 1 BNB.