Arkham Intelligence stated in a tweet dated July 24 that the primary of its crypto pockets identification bounties has now been paid out.
The related bounty was awarded to an on-chain sleuth with the deal with ErgoBTC and a second, nameless particular person. The 2 found proof of addresses owned by Terraform Labs and its founder and former CEO Do Kwon.
It’s unclear whether or not the findings concern the identical addresses and whether or not the 2 people shared the reward. The bounty was value 9419.2625 ARKM ($4,941).
Arkham famous that the related labels have been added to its intel platform, permitting customers to trace the addresses which can be allegedly linked to Kwon and Terraform Labs.
A number of different bounties stay listed on Arkham Intelligence’s bounty change. The platform listed over 30 bounties on the time of its launch on July 19. On the time, these bounties have been value greater than 204,000 ARKM (about $135,000).
Findings shine mild on Terra funds
ErgoBTC famous that the Luna Basis Guard (LFG) claimed that it owned just one Bitcoin deal with with 313 BTC ($9.1 million) months after its failure in Might 2022.
Nevertheless, based mostly on the newest findings, he says that the undertaking held 5292 BTC ($154.3 million) in an deal with that it didn’t disclose. In a separate spreadsheet, he detailed dozens of transactions associated to that deal with. Terra seemingly moved funds to and from OKX, Kucoin, and different exchanges earlier than the deal with lastly obtained 5292 BTC.
Right this moment’s findings are associated to earlier reviews about hidden Terra funds. In September 2022, South Korean authorities reportedly requested two of the above crypto exchanges — OKX and Kucoin — to freeze tens of millions 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 but to be seen whether or not this new data might be cited in authorized proceedings. Kwon faces prison expenses within the U.S. and South Korea; he’s at the moment serving a jail sentence in Montenegro for passport fraud. Kwon and Terraform Labs additionally face expenses from the U.S. Securities and Alternate Fee (SEC).
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