Arkham Intelligence’s Fight Against Crypto Fraud: Exposing Scams & Rug Pulls

2023-07-31 09:06:58

Outrage here or there, Arkham Intelligence’s clients want to expose the fraudsters of the crypto world once and for all. This would finally reveal who is really behind the FTX and Wintermute scams, and an alleged memecoin rug pull would also come under scrutiny. Arkham sparked a serious controversy within the ranks of the crypto community, as it promised a monetary reward to those who reveal the identity of the owners of certain crypto wallets. Even though the industry is notorious for anonymity, many people jumped at the offer and started researching. The new platform, which was named Arkham Intel Exchange, quickly turned the players of the sector once morest each other. Some consider this initiative immoral, while others see the positive side of it: you can find out who is behind serial rug pulls and other crypto frauds. The Arkham Marketplace, which debuted on July 10th, currently has 7 rewards available for a total of 168,000 ARKM (approximately $92,400). Returning to the ideological question, does the end always justify the means? Since the beginning, cryptos have been preferred by people who put a lot of emphasis on their privacy and data protection. However, it didn’t take long for this idea to be dismissed. Nowadays, when we already have services like Arkham, Chainalysis or Nansen, it is quite easy to find out the identity of the owners. Law enforcement agencies, like Arkham users, are trying to capitalize on this and crack down on crooks. For example, last week the TOWELIE meme coin came under suspicion and the developers were accused of being a rug pull. As a result, an unknown person offered 580 ARKM tokens ($234) to whoever sheds light on the identity of the creator. In addition, the company, which was founded in 2020, launched ARKM tokens on July 18, which are very popular. As for the future, it is still questionable what the project will become, but what is certain is that it has significant potential.
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#Arkham #Uncovers #Crypto #Scammers

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