Arkham Bounty Discovers $160 Million In Alleged Terra Wallets

Controversial Arkham Intel Exchange's first bounty has unearthed evidence of undisclosed wallets containing $160 million worth of digital assets tied to Do Kwon and Terraform Labs. Terra had previously claimed that it had exhausted all of its reserves in an attempt to defend the UST stablecoin peg.

Timeline of Arkham

On July 24, Arkham Intel Exchange, a platform with a specific focus on investigating blockchain, announced that they have received their inaugural submission concerning wallet addresses. The submission is directly associated with Do Kwon and Terraform Labs, marking an intriguing start for the service.

Anonymous sleuth and well-known crypto analyst, ErgoBTC, received a $5,000 bounty from Arkham Intelligence for his discovery. He submitted the data to Arkham Intelligence for the Arkham Intel Exchange, revealing crucial information about the crypto holdings and wallet activity of Terraform Labs and its founder, Do Kwon.

Arkham Intelligence, a crypto data provider, has disclosed crucial information regarding the crypto holdings and wallet activity of Terraform Labs and its founder, Do Kwon. The revelation came from an anonymous sleuth and renowned crypto analyst, ErgoBTC.

The highly controversial Arkham Intel Exchange has approved its first-ever bounty hunt, with crypto sleuths set to go after crypto wallets belonging to Terra co-founder Do Kwon. With Do Kwon currently languishing in a Montenegrin jail, crypto users have long been trying to seek out any information regarding his crypto wallets.

In a daring move that has sent shockwaves through the cryptocurrency community, the Arkham Intel Exchange, a platform aimed at enhancing transparency in the blockchain world, has recently approved a substantial $5,000 bounty.

The first-ever bounty hunt has been facilitated by the Arkham Intel Exchange, a platform that uses a bounty system to encourage users to discover on-chain data which launched on July 10.

Key Points: Arkham Intel Exchange has proudly announced its first approved submission: a treasure trove of evidence shedding light on the wallets owned by Do Kwon, the visionary mind behind Terraform Labs.

Arkham Intelligence said in a tweet dated July 24 that the first of its crypto wallet identification bounties has now been paid out. The relevant bounty was awarded to an on-chain sleuth with the handle ErgoBTC and a second, anonymous individual.

On July 10, Binance Coin (BNB) spiked 4% to cross the $240 threshold following the much-heralded Arkham Intelligence project launch on the Binance Launchpad. Will Arkham's public sale trigger bearish pressure?

Key Points: Arkham Intelligence recently launched its Intel Exchange on July 18. The platform offers crypto rewards to individuals who can identify high-profile wallets, including those of Elon Musk, Do Kwon, and Sam Bankman-Fried.