- Arkham Exchange reported a payout on its first warrant. It was performed by an unknown expert and OXT Research ErgoBTC analyst.
- They discovered information about the wallets of Terraform Labs and its co-founder Do Kwon. As it turned out, the company was hiding a significant amount of funds.
- This is 5,292 BTC that is hosted on the OKX platform. Terraform Labs previously claimed to control only 313 BTC.
On Monday, July 24, Arkham Exchange posted a warrant on the Arkham Exchange platform for wallet information of Terraform Labs and its co-founder Do Kwon. An unknown user and an OXT Research project analyst under the pseudonym ErgoBTC completed it, for which they received $5000.
The new Terraform Labs account tags are available at the link. As ErgoBTC notes, the extracted information completely refutes the company’s claim that there are only 313 BTC left in the Luna Foundation Guard fund.
The analyst cited his own investigation from October 2022 as proof of the claim. According to his data, the organization controls an account with a balance of 5,292 BTC, the receipt of which was later recorded by an automated tracker. The entire transaction history can be viewed at the link.
Reminder, Terraform Labs co-founder convicted of document forgery in Montenegro. He is accused of fraud in the U.S. and South Korea. Both countries have demanded Do Kwon’s extradition.
The company has already chosen a new CEO, however, who does not believe his predecessor is culpable. He also said the multiple allegations are preventing the organization from getting back to work.
Arkham Intel Exchange is a first-of-its-kind onchain exchange where users can sell or buy data on virtually any wallet.
The platform went live on July 18, at which time it became possible to brand ARKM tokens. The platform has caused a stir with audiences, including because of “high-profile” orders, such as one for Twitter owner Ilon Musk’s wallet.
The exchange also offers an order for information about the “mysterious disappearance” of $415 million in cryptocurrency during the FTX collapse. They are offering a reward of $51,000 for it.
At the time of writing, the ARKM token is trading at $0.52. During the platform’s launch phase, the price of the asset reached $0.78, but has since “sagged” significantly, according to CoinMarketCap:
Chart of ARKM/USDIt will be interesting