Arkham Intel Exchange approves $5K bounty for info on Do Kwon and Terra wallets
A platform aimed at “deanonymizing the blockchain” has accepted its first submission concerning information on wallet addresses connected to Terraform Labs and its co-founder, Do Kwon.
In a July 24 announcement, Arkham Intel Exchange said it had accepted a submission from two “on-chain sleuths,” resulting in a bounty payment of 9,519.2625 Arkham (ARKM) — roughly $5,000 at the time of publication. An anonymous user and Ergo, a self-described “glorified accountant” working with OXT Research, sent the platform “evidence of wallets” owned by Kwon and Terra. Ergo said this information could contradict public statements from Terra on holding only one Luna Foundation Guard wallet, in which a reported 313 Bitcoin (BTC) remains in reserve.
Expanded labels for the LFG BTC address activity after running off with funds intended for defense of the UST depeg have been added to Arkham as a part of their bounty program.Details and additional color on the attribution are provided below. https://t.co/RzEqz4jj01
Launched on July 10, Arkham has incurred negative reactions from many in the crypto space, who describe the platform as little more than a glorified snitching service. The firm allows users to post bounties requesting information on blockchain transactions, which will be released to the public 90 days following approval at Arkham. This suggests all information on the Kwon and Terra wallet addresses may become available in late October.
Related: Terraform Labs seeks access to FTX wallets in fraud defense
Terra was at the forefront of controversy in the 2022 crypto market crash when the platform’s algorithmic stablecoin, TerraClassicUSD (USTC), depegged from the United States dollar. Kwon’s whereabouts were largely unknown from
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