[ad_1]
Arkham Intelligence said in a tweet dated July 24 that the first of its crypto pockets identification bounties has now been paid out.
The associated bounty was awarded to an on-chain sleuth with the cope with ErgoBTC and a second, anonymous explicit particular person. The two discovered proof of addresses owned by Terraform Labs and its founder and former CEO Do Kwon.
It’s unclear whether or not or not the findings concern the equivalent addresses and whether or not or not the two individuals shared the reward. The bounty was value 9419.2625 ARKM ($4,941).
Arkham well-known that the associated labels have been added to its intel platform, allowing clients to hint the addresses which could be allegedly linked to Kwon and Terraform Labs.
Plenty of completely different bounties keep listed on Arkham Intelligence’s bounty alternate. The platform listed over 30 bounties on the time of its launch on July 19. On the time, these bounties have been value better than 204,000 ARKM (about $135,000).
Findings shine light on Terra funds
ErgoBTC noted that the Luna Foundation Guard (LFG) claimed that it owned only one Bitcoin sort out with 313 BTC ($9.1 million) months after its failure in Might 2022.
However, based totally on the most recent findings, he says that the problem held 5292 BTC ($154.3 million) in an sort out that it didn’t disclose. In a separate spreadsheet, he detailed dozens of transactions related to that sort out. Terra seemingly moved funds to and from OKX, Kucoin, and completely different exchanges sooner than the sort out lastly obtained 5292 BTC.
Proper this second’s findings are related to earlier tales about hidden Terra funds. In September 2022, South Korean authorities reportedly requested two of the above crypto exchanges — OKX and Kucoin — to freeze hundreds and hundreds of {{dollars}} of Bitcoin that they believed have been linked to Kwon. Kwon then denied that any of his funds had been frozen.
It’s however to be seen whether or not or not this new information could be cited in licensed proceedings. Kwon faces jail charges throughout the U.S. and South Korea; he’s for the time being serving a jail sentence in Montenegro for passport fraud. Kwon and Terraform Labs moreover face charges from the U.S. Securities and Alternate Charge (SEC).
The publish Arkham proclaims $5K bounty payout as Terra-related sort out are acknowledged appeared first on CryptoSlate.
