21 April, 2024



Whistleblower Claims: Arkham Intelligence’s Troubling Accusations

06 Oct, 2023

06 Oct, 2023

  • Allegations against Arkham Intelligence involve exploiting exchange vulnerabilities to expose user data, raising serious privacy concerns.
  • Kevin’s LinkedIn profile partially corroborates his Arkham affiliation, but independent verification is still needed.
  • Comprehensive investigations are crucial to determine the validity of the accusations, given their reliance on a single anonymous source.

In a shocking turn of events, the crypto intelligence firm Arkham Intelligence finds itself embroiled in controversy following a damning, as tweeted  by whistleblower platform Crypto Leaks. The report, released on October 5, accused Arkham of utilizing vulnerabilities within major cryptocurrency exchanges to access and expose users’ personal information.

At the heart of these allegations is a video testimony from a former Arkham engineer, whose identity has been disclosed as Kevin to protect his privacy. In this video, Kevin alleges that Arkham employed backdoor exploits at exchanges like Binance and FTX, effectively linking exchange users to their private cryptocurrency wallets. 

Even more concerning, Kevin claimed that Arkham’s Chief Technology Officer instructed him to create multiple accounts under his name to circumvent Anti-Money Laundering (AML) and Know Your Customer (KYC) restrictions on account creation. If these allegations hold true, it would imply that the company was using multiple Binance accounts to trace transactions, thereby infringing upon user privacy and violating terms of service.

Kevin’s identity has been partially corroborated through his LinkedIn profile, which indicates that he held a role at Arkham between June 2022 and October 2022 under the title Confidential. However, independent verification of his affiliation with the company remains elusive.

Arkham Intelligence openly advertises technology designed to deanonymize blockchain transactions and connect cryptocurrency addresses to real-world identities, but they assert that this is achieved legally using public data. The allegations in the Crypto Leaks report suggest that Arkham may have misrepresented its practices significantly.

The report from Crypto Leaks also contains allegations of securities violations, cult-like management practices, and unethical behavior at Arkham, unrelated to the exchange exploits. However, these broader claims lack specific details and must be scrutinized further.

While the accusations against Arkham are deeply troubling, it’s important to note that they rely primarily on a single anonymous source. Comprehensive and impartial investigations are essential before arriving at definitive conclusions regarding the conduct of Arkham Intelligence. The cryptocurrency community and regulators will undoubtedly be watching closely as this story unfolds.

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