Crypto Sleuths Rewarded for Unmasking Wallets Owned by Do Kwon

• The Arkham Intel Exchange has completed its first bounty program, rewarding two “crypto detectives” who identified wallets owned by Do Kwon.
• Arkham Intel Exchange, a platform that offers rewards for on-chain data, has sparked debate over its potential misuse by malicious actors.
• Do Kwon, the founder of Terra LUNA, is currently in prison in Montenegro for document forgery, with extradition efforts ongoing from both the US and South Korea.

Arkham Intel Exchange Rewards Crypto Detectives in First Bounty Program

The Arkham Intel Exchange has successfully wrapped up its initial bounty program, dispensing rewards to two “crypto detectives” who managed to locate wallets owned by Do Kwon. The two investigators, one anonymous and the other known by the pseudonym ErgoBTC, collectively earned 9,519 ARKHM tokens. The total value of these tokens is approximately $5000.

Arkham Intel Exchange: A Controversial Platform

Arkham Intel Exchange, which emerged on July 10, offers users rewards in exchange for on-chain data. Anyone can participate and create a bounty program to incentivize the acquisition of desired information. However, the platform has been a subject of intense debate since its inception. While some experts see it as an effective incentive system for identifying malicious actors, others warn that it could be exploited by these very actors to obtain innocent people’s information.

Do Kwon: A High-Profile Case

Last year, the stable coin system UST collapsed after its balance with the dollar was disrupted. This led to the downfall of Terra LUNA, founded by Do Kwon, who is currently incarcerated in Montenegro for document forgery. Despite approval of his bail requests, extradition efforts from both the United States and South Korea are still ongoing for Kwon.