Arkham May Have Unknowingly Cheated Too Many Of Its Users

Arkham Intelligence, a blockchain investigative company from Chainalysis and others, recently announced the release of a platform for anonymizing and trading information related to blockchain users, as well as a new ARKM to go along with it. Token has also been issued.

Snatching as a Service

Touted as “the world’s first on-chain intelligence exchange,” Arkham Intelligence will allow users of the service to post bounty For any information about blockchain users.

“Our vision for Intel Exchange is a decentralized intel-to-earn economy powered by smart contracts, in which any spy can earn based on their skills and experience. Thus, all transactions on Arkham Marketplace will take place through smart contracts audited by our partner Quantstamp.

There is no limit on the type of information that can be requested, although the company promised to ban spammers and those submitting low-quality information.

Once the requested information is exposed, the person who posted the bounty will have an exclusivity period of 90 days to use the newly collected information as they deem fit. After this period, the information will become part of Arkham’s public database.

Naturally, the announcement of a tool that could remove one of the main things that attracts some users to blockchain technology has left the crypto community divided, with some accused Arkham is trying to be the arbiter of good and evil.

More cynical users also reminded others that this platform could very easily be employed to expose the identities of whales who could be targeted online or in real life – as with the Ledger wallet leak. It happened later.

Announcing the world’s first on-chain intelligence exchange

Buy and sell anonymously through smart contracts knowing the owner of any blockchain wallet address. pic.twitter.com/4xr7dLvOjp

— Arkham (@ArkhimIntel) 10 July 2023

In the meantime, it looks like Arkham has got an edge in the game of anonymizing blockchain — starting with its fans.

Docking Your Own Userbase

Soon after announcing the launch of its new service, Arkham came under criticism for deceiving its own users through referral links to the platform’s waiting list.

The referral, which was thought to consist of a random string of numbers, is actually the user’s email address encoded using BASE64 – an encryption algorithm that is very easy to crack. decipher,

Complete LMAO. All #arkham The referral link shared on Twitter is baffling everyone as the email is in the referral URL. @inversbrah -> bkatmis012@gmail.com pic.twitter.com/m38VnNMS8k

— m4gicpotato ⟁ (@m4gicpotato) 10 July 2023

Some users even accused Arkham of doing this intentionally, as a company focused on espionage would be unlikely to accidentally make such a big mistake.