By James Davis
You could earn 100,000 ARKM tokens worth about $70,000 if you can identify the culprit who was behind the multi-million exploit on FTX last year, thanks to Arkham’s new intelligence platform known as Intel Exchange.
Arkham launched the product on July 17, and it already hosts a good number of bounties for people to claim once they provide certain blockchain intelligence. The biggest of them all involves the attack on the bankrupt crypto exchange FTX, as previously mentioned.
Arkham itself posted the $70,000 bounty. Along with that, the company is also offering rewards for anyone who identifies attackers behind the $205 million exploit on token bridge Nomad and the $150 million theft from Wintermute trading firm.
Arkham Wants FTX Attackers Identified Within 30 Days
While investigators have failed to identify who executed the attack on FTX for the last seven months, Arkham has given crypto sleuths a month to break new ground. In its post, Arkham has provided some crypto wallet addresses believed to have been used by the hacker to help interested parties launch their investigations.
The actual amount of funds lost in the FTX exploit was disclosed at the start of the year by the exchange’s new leadership. At the time, the FTX boss John Ray III revealed that the attacker had made way with $322 million from the international exchange, pocketed $91 million from FTX’s American entity, FTX US, and took $2 million from Sam Bankman-Fried’s trading company Alameda Research.
The Bankman-Fried crypto empire collapsed last November when FTT’s price drop caused investors to withdraw their funds. The FTX’s inability to process all withdrawals forced the company to admit it did not have enough liquidity. FTX would later file for bankruptcy.
Its then-CEO Bankman-Fried was arrested and now faces several charges like Money laundering and wire fraud. He is set to appear in court for a criminal trial in October. It is worth mentioning that all FTX ex-executives charged along with Bankman-Fried pledged guilty and promised to work with the US authorities.
Intel Exchange Criticized
Meanwhile, Arkham’s Intel Exchange has encountered backlash since its launch yesterday. Many crypto users think the platform is violating people’s privacy rights. They want Arkham to respect the blockchain principle that lets people transact anonymously without disclosing personal information.