Arkham Finds Unclaimed Funds Worth Millions in Addresses Linked to Large Bridge Contracts
Blockchain intelligence firm Arkham has discovered several crypto addresses containing millions of dollars that are either “stuck” or “forgotten” in two major bridge contracts.
In an X post on April 22 , Arkham revealed that numerous accounts, including those connected to Ethereum co-founder Vitalik Buterin, cryptocurrency exchange Coinbase, and various DeFi whales, have significant funds trapped in bridge contracts.
Arkham substantiated its findings by providing screenshots of fund transfers to and from the Arbitrum and Optimism bridges.
One notable case highlighted by Arkham involves a wallet that received 50 Ether (ETH) from Buterin, with $1.05 million stuck in the Optimism bridge for the past seven months.
However, if the wallet does belong to Buterin, this amount represents only a small fraction of his $789 million cryptocurrency portfolio, according to Arkham’s data.
Other instances include a wallet associated with Bofur Capital, potentially related to a Celsius creditor, which has $1.8 million in wrapped-Bitcoin (WBTC) trapped in the Arbitrum bridge for the past 27 months.
Another wallet, owned by Thomasg.eth, the pseudonymous founder of decentralized air transportation solution Arrow, has $800,000 worth of Ether stuck in the Arbitrum bridge.
thomasg.eth @thomasg_eth
Amount stuck: $800K
Time stuck for: ~1 year 10 months
Transaction: https://t.co/8CVkzluq27
Think you might have $800K in the Arbitrum bridge. Happens to everyone. pic.twitter.com/EXxmqqZPdn
— Arkham (@ArkhamIntel) April 22, 2024
Additionally, Arkham reported that Coinbase attempted to bridge $75,000 in USD Coin (USDC) to Ethereum via the Optimism bridge six months ago, but the funds have not been claimed on Ethereum’s base layer.
While these
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