Arkham
Coinbase Adds Ethereum-Based ‘De-Anonymizing’ Altcoin Project to Listing Roadmap
Published
2 months agoon
By
adminCoinbase has added a controversial “intel-to-earn” altcoin project to its listing roadmap.
On Monday, the top US crypto exchange placed Arkham (ARKM) on the path towards being tradeable on its platform in the future.
Arkham is an intelligence exchange where buyers can place bounties on specific pieces of information.
Information buyers will have exclusive access to the intelligence they purchased for 90 days. After that, the data becomes available to all users.
ARKM, the project’s native token, kicked off trading via Binance Launchpad last July and secured an investment from Binance Labs in November.
The de-anonymizing nature of the project whipped up controversy in the crypto community, with some developers accusing Arkham of being a “snitch-to-earn” or “dox-to-earn” service.
Arkham pushed back against those accusations in a statement, saying they don’t allow customers to buy off-chain personal information on their exchange.
“The purpose of the on-chain research community is to better understand market activity for trading purposes and to identify scams.”
ARKM is trading at $2.53 at time of writing. 171st-ranked crypto asset by market cap is down more than 3% in the past 24 hours.
Coinbase created its listing roadmap in 2022 to increase transparency and reduce the possibility of investors front-running new trading support announcements.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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Hackers With $182,000,000 Stolen From Poloniex Starts Moving Funds to Tornado Cash
Published
1 week agoon
May 8, 2024By
adminThe hacker who looted the crypto exchange Poloniex has started moving Ethereum (ETH) to the mixing service Tornado Cash, according to the digital asset de-anonymizing platform Arkham.
Arkham notes the hacker moved 1126.1 ETH worth more than $3.4 million into Tornado Cash across a series of 20 transactions on Monday and Tuesday.
They represent the exploiter’s first moves into the controversial Ethereum-based crypto mixer, which helps users conceal their digital assets.
The hacker raided Poloniex in early November, stealing $56 million worth of ETH, $48 million worth of Tron (TRX) and $18 million worth of Bitcoin (BTC), as well as smaller amounts of other crypto assets.
The exchange, which is owned by Tron founder Justin Sun, offered a 5% white hat bounty that went unaccepted. and the hacker still holds $181.47 million worth of crypto in their primary address, according to Arkham.
Justin Sun-affiliated projects have endured a prolific string of attacks in the past several months: In September, hackers exploited the Sun-linked exchange giant HTX for approximately 4,999 Ethereum worth $7.9 million, according to the blockchain security firm PeckShield.
Then in November, hackers hit HTX and Heco Bridge, another Sun-linked project that’s used to move funds between Ethereum and energy-saving blockchain Heco Chain, for a combined $100 million, according to cybersecurity firm Cyvers.
And in January, hackers once again struck HTX, hitting the exchange with a distributed denial of service (DDoS) attack that caused a brief outage.
A DDoS attack is a malicious attempt by bad actors to flood the target website with traffic to overwhelm the site’s infrastructure.
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