Arkham CEO refutes claims of 'snitch-to-earn' scheme, says it's to find bad actors
Arkham CEO Miguel Morel says public blockchains are "probably the worst possible way to keep your information private private".
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The head of blockchain startup Intelligence Platform Arkham has refuted claims from the crypto community that his new “Intel Exchange” is a “snitch-to-earn” or “dox-to-earn” system.< /p>
In a July 11 Twitter space, Arkham CEO Miguel Morel addressed the PR debacle that unfolded this week in his market.
Arkham's Intel Exchange aimed to "de-anonymize the blockchain" by rewarding users with a new token, ARKM, for revealing identities behind otherwise anonymous blockchain addresses. It launched on Binance Launchpad as a token sale this week.
The platform quickly generated a lot of reviews on Crypto Twitter and was dubbed a “snitch-to-win” system.
Morel disagreed with these claims and justified the platform by saying that it was designed to uncover scammers and hackers behind cryptographic exploits.
"Publicly available blockchains are probably the worst way to keep your 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 anyone can just post any information and then put it online."
“There are a bunch of restrictions and guidelines, all of which we will roll out,” he added.
I'll join @MarioNawfal CryptoTownHall at 2:45 PM UTC for an open discussion about Arkham and our new Intel-to-Earn ecosystem.
See you soon! https://t.co/PEfHI8aLBw
—Miguel Morel | Arkham (@RealMiguelMorel) July 11, 2023Morel said the main purpose of his information exchange was to uncover trading companies, market makers, exchanges and very large institutions.
He added these l...
Arkham CEO Miguel Morel says public blockchains are "probably the worst possible way to keep your information private private".
News
Join us on social networks
The head of blockchain startup Intelligence Platform Arkham has refuted claims from the crypto community that his new “Intel Exchange” is a “snitch-to-earn” or “dox-to-earn” system.< /p>
In a July 11 Twitter space, Arkham CEO Miguel Morel addressed the PR debacle that unfolded this week in his market.
Arkham's Intel Exchange aimed to "de-anonymize the blockchain" by rewarding users with a new token, ARKM, for revealing identities behind otherwise anonymous blockchain addresses. It launched on Binance Launchpad as a token sale this week.
The platform quickly generated a lot of reviews on Crypto Twitter and was dubbed a “snitch-to-win” system.
Morel disagreed with these claims and justified the platform by saying that it was designed to uncover scammers and hackers behind cryptographic exploits.
"Publicly available blockchains are probably the worst way to keep your 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 anyone can just post any information and then put it online."
“There are a bunch of restrictions and guidelines, all of which we will roll out,” he added.
I'll join @MarioNawfal CryptoTownHall at 2:45 PM UTC for an open discussion about Arkham and our new Intel-to-Earn ecosystem.
See you soon! https://t.co/PEfHI8aLBw
—Miguel Morel | Arkham (@RealMiguelMorel) July 11, 2023Morel said the main purpose of his information exchange was to uncover trading companies, market makers, exchanges and very large institutions.
He added these l...
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