Coinbase has added a controversial “intel-to-earn” altcoin project to its listing roadmap. On Monday, the top US crypto exchange placed Arkham (ARKM) on the path towards being tradeable on its platform in the future. Arkham is an intelligence exchange where buyers can place bounties on specific pieces of information. Information buyers will have exclusive access […]
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In the last two months, the crypto community has been buzzing about a wallet affectionately named ‘Mr. 100.’ This moniker originates from its pattern of receiving 100 bitcoin deposits every few days, leading to speculation that it might belong to a wealthy individual from the Middle East. However, onchain analysts from Arkham Intelligence suspect that […]
Crypto analytics firm Arkham claims to have identified the bitcoin holdings of Elon Musk’s companies, Tesla and Spacex. “The on-chain fund flows we’ve identified match financial statements from Tesla and Spacex,” the firm detailed, stating: “We are the first to publicly identify these holdings on chain.” Bitcoin Holdings of Tesla and Spacex Crypto analytics firm […]
A bad actor who hacked the infamous crypto exchange FTX as it was collapsing is abruptly moving millions of dollars worth of crypto assets. According to data from blockchain intelligence platform Arkham, the FTX hacker, who holds over $300 million worth of digital assets, has moved some Ethereum (ETH) for the first time since 2022. […]
The post FTX Hacker Holding $300,000,000 in Crypto Suddenly Moves Millions Worth of Assets: On-Chain Data appeared first on The Daily Hodl.
The blockchain analytics firm claims Grayscale is the world's second-largest BTC entity.
Blockchain analytics platform Arkham Intelligence claims to have identified the addresses of the Grayscale Bitcoin Trust. The trust consists of more than 1,750 addresses holding a total of over $16 billion worth of Bitcoin (BTC), according to a Sept. 6 thread on X (formerly Twitter). Arkham claimed that Grayscale is “the 2nd largest BTC entity globally.”
Breaking: Arkham has identified the Grayscale Bitcoin Trust’s holdings on chain.
— Arkham (@ArkhamIntel) September 6, 2023
It is the 2nd largest BTC entity globally, holding >$16B of BTC.
Though Grayscale publicly reports balances, they have refused to identify the on-chain addresses of the trust. https://t.co/uEN4kNldpm pic.twitter.com/p9GfrthoKR
The Grayscale Bitcoin Trust holds over $16 billion in BTC. Its issuer, Grayscale, is currently battling with the U.S. Securities and Exchange Commission (SEC) as it attempts to transform the trust into an exchange-traded fund (ETF).
Members of the Bitcoin community have long speculated about where Grayscale keeps its huge stockpile of BTC. Grayscale has so far refused to provide the addresses of its wallets, citing “security concerns.” Some Twitter users have criticized Grayscale for not releasing the addresses, accusing them of carrying less Bitcoin than they claim.
A search for “Grayscale Bitcoin Trust” within Arkham on Sept. 9 revealed the following five addresses:
The first three addresses hold roughly $51 million worth of Bitcoin in total, according to Arkham. The last two hold no funds but do show transactions coming from other Grayscale Bitcoin Trust addresses, including 1L8k2SD9sdTTzdDxA19QdobLbUyKyV2RVi and 1CS1M4oVbcFnZjZ5hU5bk6vLi2Q5VSsmpX. Arkham does not provide a full list of addresses for the Grayscale entity, but it does label each Grayscale address clearly as part of the transaction history of each wallet.
Related: Vivek Ramaswamy: Grayscale win ‘clears a path’ for Bitcoin innovation
Grayscale’s entity page on Arkham shows it is carrying 627,779,000 BTC valued at over $16 billion.
This is similar to the amount claimed on Grayscale’s website, implying that it does have enough Bitcoin to satisfy withdrawals.
Arkham has often come under criticism for revealing private information about blockchain users, as some Twitter users have labeled it a “snitch-to-earn” platform. However, the platform’s CEO has argued the company is only trying to even the playing field between big institutions and smaller players who would otherwise lack information.
Retail trading giant Robinhood has been identified as the third largest holder of Bitcoin by blockchain intelligence firm Arkham. Arkham, which “deanonymizes” blockchains by identifying and labeling addresses through on-chain analysis, has labeled the address beginning with “bc1ql” as “Robinhood: Jump Trading Custody.” Jump, a Chicago-based trading firm, has been providing crypto services to Robinhood […]
The post Robinhood Revealed As Third Biggest Holder of Bitcoin With Massive $3,066,222,950 BTC Stash: Arkham Intelligence appeared first on The Daily Hodl.
Arkham CEO Miguel Morel said public blockchains are "probably the worst possible way of keeping one's private information private.”
The chief of the startup blockchain intelligence platform Arkham has refuted claims by the crypto community that its new “Intel Exchange” is a “snitch-to-earn” or “dox-to-earn” system.
On a July 11 Twitter Space, Arkham CEO Miguel Morel discussed the public relations debacle that has unfolded this week over its marketplace.
Arkham’s Intel Exchange aimed to “deanonymize the blockchain” by rewarding users with a new token, ARKM, for revealing the identities behind otherwise anonymous blockchain addresses. It was launched on Binance Launchpad as a token sale this week.
The platform rapidly generated a lot of criticism on Crypto Twitter and was dubbed a “snitch-to-earn” system.
Morel disagreed with these claims and justified the platform saying it was designed to uncover scammers and hackers behind crypto exploits.
“Publicly available blockchains are probably the worst possible way of keeping one's private information private,” he said before adding that Arkham would retain control of the data:
“It's not a completely free market. So it's not like anybody can just post any piece of information and then it can go online.”
“There are a bunch of restrictions and guidelines, all of which we will be rolling out,” he added.
I'll be joining the @MarioNawfal CryptoTownHall at 14:45 UTC to have an open discussion about Arkham and our new Intel-to-Earn ecosystem.
— Miguel Morel | Arkham (@RealMiguelMorel) July 11, 2023
See you there!https://t.co/PEfHI8aLBw
Morel stated that the primary focus of its info exchange is uncovering trading firms, market makers, exchanges and very large institutions.
He added these large hedge funds and trading entities are “making money off of information about who's buying and selling large positions of a particular token.”
Related: Crypto hacks and exploits snatch over $300M in Q2 2023
Another participant in the Twitter Space pointed out that Arkham has a responsibility to prevent abuse and may facilitate false accusations by so-called “crypto detectives,” however Morel maintained it will be properly governed.
“Thankfully, it'll actually be more vetted and more regulated than something like Twitter or Facebook because every bounty needs to be approved.”
This raised even more concerns from TV host Ran Neuner who said, “my issue is not with the system. My issue is with your company managing the data.”
Arkham came under fire this week for leaking user emails via its weblink referrals program which includes an easily decipherable string of characters in referral links that reveal the referring email address.
Magazine: Should crypto projects ever negotiate with hackers? Probably
The world’s largest crypto exchange platform by volume is announcing support for a new “intel-to-earn” altcoin project that lets users buy and sell on-chain crypto data. In a new company announcement, Binance says that it’s rolling out support for Arkham (ARKM), the native token of an intelligence exchange where buyers can place bounties on specific […]
The post Binance Announces Support for New ‘Intel-to-Earn’ Altcoin Project Launch appeared first on The Daily Hodl.
According to crypto analytics firm Arkham, at least $4 million of these losses were "preventable losses."
The liquidators of Alameda Research have reportedly incurred at least $11.5 million in losses since taking control of Alameda's trading accounts.
On Jan. 16, a Twitter thread from Arkham Intelligence reported that one wallet under the control of liquidators has seen a string of "significant losses" due to liquidations, some of which were "preventable losses."
Over the past two weeks being under Liquidator control, the account incurred significant losses:
— Arkham (@ArkhamIntel) January 16, 2023
Largest single liquidation: $4.85M
Total liquidated amount: $11.5M
Preventable losses: $4M+
As one example, Arkham noted that the account ending 0x997 initially had a short position of 9,000 Ether (ETH) ($10.8 million) against the collateral of $20 million in USD Coin (USDC) and $4 million in Dai (DAI), with a net balance of $15.2 million when the liquidators first took control.
After a string of liquidations spanning almost two weeks however, the account's current value now stands at “$1.1M short Ether against $1.4M USDC: net balance of $300K.”
Arkham said this is the most recent development in a "series of market movements that have busted multiple Alameda positions left open after bankruptcy."
Another liquidation occurred when Alameda wallets removed $7 million in USDC and $4 million in DAI from the decentralized crypto lending platform AAVE to a separate Optimism L2 account on Dec. 29, around 30 hours after liquidators began moving assets out of Alameda wallets.
This removal of funds is believed to have placed the position at a high risk of liquidation, resulting in $11.4 million of USDC being sold off to liquidation bots on Optimism, while the AAVE Treasury took another $100,000 in USDC as liquidation tax.
Arkham explained that if liquidators had used a function to immediately close the position by selling off collateral instead of pulling collateral from the wallet, at least $15 million could have been preserved rather than the recovered $11 million.
This thus amounted to $4 million in preventable losses.
Related: Alameda Research had a $65B secret line of credit with FTX: Report
On Jan. 13, Cointelegraph reported that Alameda Research liquidators lost $72,000 in digital assets while consolidating funds into a single wallet on the decentralized finance (DeFi) lending platform Aave.
The liquidators attempted to close a borrow position but mistakenly removed extra collateral, putting the assets at risk of liquidation. Over a period of nine days, the loan was liquidated twice resulting in a total loss of 4.05 Wrapped Bitcoin (WBTC) which will not be able to be recouped by creditors.
