Key Insights
- Arkham Intelligence, a blockchain analytics company, is offering bounties to anyone who can identify the wallet addresses of high-profile crypto investors, such as Elon Musk, Do Kwon, and Sam Bankman-Fried.
- The largest bounty on Arkham’s Intel Exchange is worth 100,000 ARKM ($65,870) and is for anyone who can identify the individual(s) behind an address related to a cyberattack against FTX in November 2022 during its collapse.
- Elon Musk is one of the most influential people in the crypto market and his tweets have a significant impact on the price of Bitcoin and other cryptocurrencies.
- Pavel Durov, the CEO of Telegram, recently said that he owns Bitcoin and Toncoin, but did not disclose how much he owns.
- The list of high-profile crypto holders who have bounties on their wallet addresses is growing longer.
The world of blockchains and crypto is filled with countless opportunities to make large and small amounts of money.
As it so happens, a more interesting way to make thousands of dollars has surfaced.
All you’d have to do is a “simple” task (depending on how you look at it).
You can be the lucky winner of thousands of dollars if you can successfully identify the crypto wallet(s) belonging to Do Kwon, Sam Bankman Fried and now recently, Elon Musk.
Arkham & Wallet Bounties
Arkham is a blockchain analytics company that provides market data on real-world individuals or corporations behind crypto market activity.
Think of the company like a whale tracker of sorts, that provides information as to who does what in the market.
If a person performs a big enough transaction to cause a significant shift in the market, Arkham is likely interested in knowing who it was.
If you have been following the crypto market for a while now, you’d know that Do Kwon And Sam Bankman Fried have a lot of things in common.
The former was the co-founder of the Terra ecosystem and was directly involved with the black hole worth billions of dollars that devastated the market when Terra imploded in May of 2022.
The latter (Sam Bankman-Fried) was the CEO of the now-defunct crypto exchange, FTX that imploded along with Alameda research in November 2022.
When it comes to market movers and shakers, both of these men have earned their roses, and Arkham is interested in discovering their wallet addresses.
The third man on the list has not caused any significant bankruptcies or billion-dollar blackholes (yet), but has been directly involved in the general direction of the market, as far back as 2021.
As it turns out, there is a great deal of interest in finding out the wallet addresses of each of these men. So much so, that there are now bounties worth thousands of dollars for whoever first discovers their wallet addresses.
Arkham’s Bounty On Elon Musk’s Wallet Address
Arkham Intelligence’s Intel Exchange, a platform that provides thousands of dollars in crypto rewards to people who can identify high-profile wallets, such as that of Elon Musk, Do Kwon, and Sam Bankman-Fried, launched on July 18.
Among these rewards offered to users are
- 10,000 ARKM ($6,587) for Terra creator Do Kwon’s wallet,
- 1,500 ARKM ($988) for FTX CEO Sam Bankman-Fried’s wallet, and
- 1,000 ARKM ($658) for Tesla CEO Elon Musk’s wallet
The largest prize on Arkham’s Intel Exchange right now is reserved for anyone who can identify the individual(s) behind an address related to a cyberattack against FTX in November 2022 during its collapse. Whoever finds it first will receive a total of 100,000 ARKM ($65,870).
Other big rewards are open to people who can identify the attackers who attacked Wintermute, Nomad Bridge, and Cream Finance for 50,000 ARKM ($32,935), 10,000 ARKM ($6,587), and 5,000 ARKM ($3,293), respectively.
Other lesser incentives require users to identify corporate addresses belonging to organizations such as Grayscale, MicroStrategy, and Bitwise.
Elon Musk’s “Leash” On The Crypto Market
Elon Musk is undoubtedly one of the most influential people in several industries, including crypto.
In 2021, Tesla, Musk’s company announced that it would invest $1.5 billion in Bitcoin and accept Bitcoin as payment for some of its cars. Because of this announcement, Bitcoin’s price surged by more than 20%, setting the pace for the previous bull market.
However, soon after the initial announcement, Tesla’s board announced a reversal and added that it would no longer accept Bitcoin as payment, because of the “environmental concerns around Bitcoin mining”.
This started the long journey of Bitcoin down the rabbit hole and laid the foundation for the current bear market.
Musk has also been very vocal about his support for the largest memecoin by market cap: Dogecoin.
He tweeted in 2021 that he was “a supporter of Dogecoin” and that it had “the potential to be the currency of the internet.” The price of Dogecoin increased by more than 50% as a result of this tweet.
Musk indicated in 2022 that SpaceX will start accepting Dogecoin as payment for some products, causing the price of Dogecoin to spike massively in May 2022. Musk has been criticized severally in the past, for his tweets that many deem as “irresponsible and deliberate manipulation of the market”.
This explains why the billionaire businessman is up there with a bounty on his crypto wallet, along with the likes of Do Kwon and Sam Bankman Fried.
Other cryptocurrencies that Musk has endorsed in the past include:
- Ethereum
- Solana
- Cardano
- Polkadot and
- Shiba Inu
Is A Bounty Incoming For Telegram CEO?
Pavel Durov, the CEO of Telegram said in a statement on his official Telegram channel on Tuesday (July 18, 2023), that the app now had over 800 million monthly active users earlier in the year, with over 2.5 million new daily signups.
Even though the platform has yet to turn in significant profits, Durov claims that his company is “closer to profitability than its competitors: Twitter and Snap.”
The CEO further mentioned that he owns two assets – Bitcoin and Toncoin, without stating how much he holds.
This, of course, is bound to bring some attention to the young CEO, and may leave people wondering how much Bitcoin and Ether exactly he owns, if all he has is “Telegram, some Bitcoin and some Toncoin”.
In all, the list on Arkham continues to grow longer, and users have more opportunities to grab a shovel, start digging, and find out the wallet addresses of some high-profile crypto holders.
Disclaimer: Voice of Crypto aims to deliver accurate and up-to-date information, but it will not be responsible for any missing facts or inaccurate information. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.
