Arkham, a startup blockchain intelligence platform, has recently launched its “Intel Exchange” marketplace, which has been met with criticism and controversy. The platform incentivizes users to disclose the identities behind anonymous blockchain addresses by rewarding them with a new token called ARKM. However, the crypto community quickly labeled it a “snitch-to-earn” or “dox-to-earn” system.

During a Twitter Space session on July 11, the CEO of Arkham, Miguel Morel, addressed these concerns. Morel refuted the claims that the platform promotes unethical behavior and asserted that its purpose is to uncover scammers and hackers involved in crypto exploits. He highlighted that public blockchains are not effective at keeping private information secure and emphasized that Arkham would retain control of the data shared on its platform. He also clarified that the marketplace is not entirely open and that there are restrictions and guidelines in place to ensure responsible information sharing.

According to Morel, Arkham’s primary focus is to uncover trading firms, market makers, exchanges, and large institutions that exploit information about significant token transactions for profit. This approach aims to promote transparency and mitigate the unfair advantage held by certain entities in the crypto market.

During the Twitter Space session, concerns were raised about the potential for abuse and false accusations by individuals referred to as “crypto detectives.” Morel assured participants that the platform would be properly governed and more regulated than social media platforms like Twitter or Facebook. He explained that each bounty would require approval before being posted, adding an extra layer of oversight.

However, TV host Ran Neuner expressed concerns about Arkham’s management of user data. The company had recently faced backlash for leaking user emails through its weblink referral program, where referral links contained easily decipherable strings of characters that revealed the referring email addresses.

In conclusion, Arkham’s CEO Miguel Morel addressed concerns over the company’s recently launched “Intel Exchange” marketplace during a Twitter Space session. He refuted claims that the platform promotes unethical behavior and emphasized that its primary focus is to uncover scammers and hackers involved in crypto exploits. While concerns were raised about potential abuse and false accusations by “crypto detectives,” Morel assured participants that the platform would be properly governed and more regulated than social media platforms.

The launch of Arkham’s “Intel Exchange” marketplace has sparked a debate within the crypto community about the ethics of incentivizing users to disclose the identities behind anonymous blockchain addresses. While some see it as a way to uncover scammers and hackers involved in crypto exploits, others view it as a “snitch-to-earn” or “dox-to-earn” system.

Morel’s response during the Twitter Space session sheds light on Arkham’s intentions with the Intel Exchange marketplace. He emphasized that the platform’s primary focus is to uncover trading firms, market makers, exchanges, and large institutions that exploit information about significant token transactions for profit. This approach aims to promote transparency and mitigate the unfair advantage held by certain entities in the crypto market.

Morel also addressed concerns about potential abuse and false accusations by “crypto detectives.” He assured participants that the platform would be properly governed and more regulated than social media platforms like Twitter or Facebook. He explained that each bounty would require approval before being posted, adding an extra layer of oversight.

However, concerns remain about Arkham’s management of user data. The company had recently faced backlash for leaking user emails through its weblink referral program, where referral links contained easily decipherable strings of characters that revealed the referring email addresses.

Overall, it remains to be seen how Arkham’s “Intel Exchange” marketplace will be received by the wider crypto community. While some may see it as a valuable tool for uncovering scammers and hackers involved in crypto exploits, others may view it as promoting unethical behavior. As with any new technology or platform, it will take time for its true impact to be fully understood.