Home > web3.0 > body text

Arkham Intelligence Moves Its ARKM Token to Coinbase Custody, Frustrating Transparency Claims

WBOY
Release: 2024-07-26 21:40:11
Original
609 people have browsed it

The slogan for Arkham Intelligence is ‘Deanonymizing the Blockchain’ — providing public access to real names associated with crypto wallets.

Arkham Intelligence Moves Its ARKM Token to Coinbase Custody, Frustrating Transparency Claims

Arkham Intelligence, a Web3 analytics firm, has come under fire for moving its proprietary token (ARKM) into third-party wallets, a tactic that could potentially conceal the ownership and sale of those tokens on the blockchain.

On July 17, Arkham announced its intention to move ARKM tokens to “an intermediary address.” From there, the tokens would be transferred to “Coinbase Custody addresses,” the announcement said.

Coinbase Custody is “directly integrated” with Coinbase’s over-the-counter (OTC) trading desk, according to the Coinbase website. Moreover, price and trade confirmations inside Coinbase Custody may occur before moving funds.

Although funds held at Coinbase Custody are typically segregated, it’s unclear whether the Coinbase suite of services permits trading via omnibus wallets or otherwise pooled funds. A request for comment from Coinbase was not returned by press time.

These ARKM tokens belong to “some employees” Arkham said, without further clarification — further frustrating its claims of transparency.

‘Core Contributors’ own 200 million ARKM and the ‘Foundation Treasury’ owns 172 million ARKM. Core Contributors’ allocation began unlocking on July 18 linearly over three years. Foundation Treasury allocation began unlocking a year ago and will continue to unlock for six more years.

Arkham Intelligence, Reserve, and the Leverage Research ‘cult’

Arkham's slogan is "Deanonymizing the Blockchain." The company provides public access to real names associated with crypto wallets. On social media, the company periodically doxxes blockchain wallets, naming sales and holdings by individuals like Donald Trump or companies like Tesla, NYDIG, Marathon, or ETF sponsors.

Last week, however, the company moved millions of dollars worth of its proprietary token into a number of third-party wallets — a move that will make it difficult to trace those tokens' ownership and sale on the blockchain.

On July 17, Arkham announced that it intended to move ARKM tokens to “an intermediary address.” Later, that wallet would transfer tokens to “Coinbase Custody addresses.”

Coinbase Custody is “directly integrated” with Coinbase’s over-the-counter (OTC) trading desk. Moreover, price and trade confirmations inside Coinbase Custody may occur before moving funds. Although funds held at Coinbase Custody are typically segregated, it’s unclear whether the Coinbase suite of services permits trading via omnibus wallets or otherwise pooled funds.

These ARKM tokens belong to “some employees” Arkham said, without further clarification — further frustrating its claims of transparency.

‘Core Contributors’ own 200 million ARKM and Arkham’s ‘Foundation Treasury’ owns 172 million ARKM. Core Contributors’ allocation began unlocking on July 18 linearly over three years. Foundation Treasury allocation began unlocking a year ago and will continue to unlock for six more years.

The above is the detailed content of Arkham Intelligence Moves Its ARKM Token to Coinbase Custody, Frustrating Transparency Claims. For more information, please follow other related articles on the PHP Chinese website!

source:php.cn
Statement of this Website
The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn
Popular Tutorials
More>
Latest Downloads
More>
Web Effects
Website Source Code
Website Materials
Front End Template