Arkham Intel Exchange approves $5K bounty for information on Do Kwon and Terra wallets

A platform with the aim of “anonymizing the blockchain” has accepted its first submission regarding information about wallet addresses linked to Terraform Labs and its co-founders. quon do,

In a July 24 announcement, the Arkham Intel Exchange Said It had accepted an entry from two “on-chain detectives”, resulting in a bounty payment of 9,519,2625 Arkham (ARKM) – approximately $5,000 at the time of publication. An anonymous user and ergo, a self-described “proud accountant” who works with OXT Research, sent “proof of portfolios” from Quon and Terra to the platform. ergo said this information could be refute public statements Terra only has one Luna Foundation Guard wallet, with a reported 313 bitcoins (B T c) lives in reserve.

Launched in Arkham on July 10 faced negative reactions Many in the crypto sphere have described this platform as little more than a glorified snitch service. The company allows users to post bounties requesting information about blockchain transactions, which will be released to the public 90 days after approval on Arkham. This suggests that all information regarding Kwon and Terra wallet addresses may be available by the end of October.

Connected: Terraform Labs seeks access to FTX wallet for fraud protection

Terra was at the forefront of controversy during the 2022 crypto market crash, when the platform’s algorithmic stablecoin, TerraClassicUSD (USTC), delinked from the US dollar. Kwon’s whereabouts were largely unknown from May 2022 until March 2023, when he was arrested by authorities in Montenegro and subsequently sentenced him to four months In jail for using forged travel documents.

Individuals associated with Terra in South Korea are also currently under investigation by local authorities investigating the exchange. In July, co-founder Shin reported to Hyun-seong – also known as Daniel Shin he had his first hearing for allegations relating to alleged illegal profits from the sale of LUNA tokens.

magazine: “Terra impressed us incredibly badly”: Sunny Agarwal of Osmosis Labs

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