Arkham Intel Exchange Issues a $5K Bounty for Information Linked to Do Kwon

Arkham Intel Exchange, a bounty marketplace, has accepted information about wallet addresses related to Terraform Labs and its co-founder, Do Kwon.

On July 24th, Arkham Intel Exchange announced that it approved a submission from two blockchain investigators. The investigators sent "evidence of wallets" owned by Do Kwon and Terraform Labs.

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According to one investigator, dubbed Ergo, provided data could help counter Terra's public statements about only having one Luna Foundation Guard wallet. It is worth noting that it is believed that the wallet still holds 313 Bitcoin (BTC). 

Following the submission of the information, Arkham Intel Exchange issued a bounty of 9,519.2625 Arkham (ARKM), equivalent to about $5,000.

Although the documents were submitted in July, Arham is set to release the collected data only in October, as its rules reveal that the information is published 90 days after it receives Arkham's approval.

Terra was at the center of the 2022 crypto market crash when its algorithmic stablecoin, TerraClassicUSD (USTC), broke off from the US dollar. From May 2022 until March 2023, Kwon's location was largely unknown until he was arrested in Montenegro and later sentenced to four months for using fake travel documents.

Others linked to Terra in South Korea are also currently under investigation by local authorities examining the crypto exchange. In July, co-founder Shin Hyun-Seong, also known as Daniel Shin, reportedly had his initial hearing for charges related to alleged illegal profits from the sale of LUNA tokens.

Arkham Intel Exchange's approval of the $5K bounty for information on Terra's wallet addresses and its co-founder shows the increasing attempts to bring justice to users affected by the collapse of the Terra ecosystem.