Arkham Intelligence

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Arkham Intelligence
IndustryBlockchain data
Crypto analytics
Founded2020
FounderMiguel Morel
ServicesWeb application
Websitewww.arkhamintelligence.com

Arkham Intelligence is a public data application that enables users to analyze blockchain and cryptocurrency activity. Founded by Miguel Morel in 2020, the company's platform utilizes AI to identify and catalog the owners of blockchain addresses.[1]

Arkham was the first company to identify wallets owned by digital asset ETFs.[2] Its partners include TradingView, Polygon, and Avalanche.[3][4][5]

History[edit]

Morel founded Arkham in 2020 and received investments from Tim Draper, Joe Lonsdale of Palantir Technologies, and a co-founder of OpenAI.[1]

In July 2022, during the midst of Celsius Network’s bankruptcy, Arkham found that Celsius owed over $500 million worth of digital assets to three of the biggest DeFi lenders, including Aave Protocol; it was also reported that Celsius worked with a previously unidentified fund manager to purchase NFTs and make deposits on yield-bearing decentralized exchanges.[6][7][8]

Arkham reported on a hacker who stole approximately $477 million worth of tokens from FTX and sent 180,000 Ethereum (ETH) coins to at least a dozen digital wallets in November 2022. Arkham analysts noted that the hacker followed two patterns: operating between 08:00 and 10:00 UTC and creating new accounts for each operation.[9]

In December 2022, Arkham tracked over $1 million of transferred funds tied to former FTX chief executive Sam Bankman-Fried as well as $1.7 million worth of cryptocurrencies liquidated within a 24-hour time span.[10][11]

Arkham provided data in January 2023 that identified “an alleged nexus of money laundering” from Bitzlato through intermediate wallets of Binance. Over the course of several years, it was found that the intermediary wallet deposited $15 million worth of crypto onto Binance's platform.[12] That same month, Arkham released a report which revealed that Alameda liquidators lost $72,000 worth of crypto while trying to recover funds as part of FTX's bankruptcy.[13]

In January 2024, Arkham tracked over $1 million worth of bitcoin sent to Satoshi Nakamoto; this was the first reported activity from Nakamoto since December 2010.[14] This data was used by prosecutors from the Southern District of New York, who filed criminal charges against Bankman-Fried for his role in FTX's collapse.[14]

In February 2024, Arkham publicly identified nearly $1 billion transferred from wallets seized by the U.S. government as part of the Bitfinex hack.[15]

Other notable blockchain identifications include: Donald Trump,[16] Robinhood,[17] Tesla, SpaceX,[18] and Justin Sun.[19]

References[edit]

  1. ^ a b Nina Bambysheva (July 24, 2023). "This Startup Wants To Deanonymize Blockchain. Privacy Advocates Are Furious". Forbes. Retrieved April 21, 2024.
  2. ^ Jamie Redman (January 24, 2024). "Arkham Reveals Onchain Addresses Linked to 4 Major Bitcoin ETFs, Boosting Market Transparency". Bitcoin.com. Retrieved April 21, 2024.
  3. ^ "Arkham Intel Teams Up with TradingView to Enhance Crypto Analytics and Insights". BSCN. August 23, 2023. Retrieved April 21, 2024.
  4. ^ Rony Roy (January 26, 2023). "Arkham Intelligence to Add Support for Polygon in 2023". Coin Edition. Retrieved April 21, 2024.
  5. ^ "Top Crypto Projects in the Avalanche Ecosystem for 2024". KUCOIN. February 27, 2024. Retrieved April 21, 2024.
  6. ^ Maria Gracia Santillana Linares (July 14, 2022). "Celsius Seeks Bankruptcy Protection After Reclaiming Collateral". Forbes. Retrieved April 27, 2024.
  7. ^ Nina Bambysheva (July 13, 2022). "Celsius Has Paid Its Debts To DeFi's Biggest Lenders, Reclaiming Over $1 Billion In Collateral". Forbes. Retrieved April 27, 2024.
  8. ^ Bryce Elder (July 8, 2022). "Crypto lender Celsius sued by its own 'hapless' money manager". Financial Times. Retrieved April 27, 2024.
  9. ^ Nina Bambysheva (November 21, 2022). "FTX Hacker Moved Nearly $200 Million Of Ether To Different Wallets". Forbes. Retrieved April 26, 2024.
  10. ^ Allyson Versprille; Ava Benny-Morrison (December 30, 2022). "US Is Said to Examine Crypto Wallets Linked to Sam Bankman-Fried". Bloomberg. Retrieved April 26, 2024.
  11. ^ Brian Evans (December 29, 2022). "Sam Bankman-Fried's Alameda Research sells $1.7 million in crypto amid bankruptcy and still holds over $112 million in tokens". Markets Insider. Retrieved April 26, 2024.
  12. ^ Rohan Goswami; MacKenzie Sigalos (January 19, 2023). "Binance was final destination for millions in funds from Bitzlato, exchange shut down for alleged money laundering". CNBC. Retrieved April 26, 2024.
  13. ^ Morgan Chittum (January 13, 2023). "Alameda liquidators just lost $72,000 on a DeFi lending platform while trying to recover funds for creditors, analytics firm says". Markets Insider. Retrieved April 26, 2024.
  14. ^ a b Billy Bambrough (January 7, 2024). "'Satoshi Woke Up'—Legend Of Bitcoin's Mystery Creator Satoshi Nakamoto Suddenly Deepens". Forbes. Retrieved April 26, 2024.
  15. ^ Bradley Keoun (February 28, 2024). "U.S. Government Crypto Wallets Transfer Nearly $1B of Bitcoin Seized From Bitfinex Hacker". Coin Desk. Retrieved April 26, 2024.
  16. ^ "Donald Trump Sells $2.4 Million Ethereum: Arkham Intelligence". Crypto Rank. December 27, 2023. Retrieved April 27, 2024.
  17. ^ Joe Light (August 28, 2023). "Robinhood Is a Bitcoin Whale. What It Means for the Stock". Barrons. Retrieved April 27, 2024.
  18. ^ James Hunt (March 7, 2024). "Arkham claims to identify Tesla and SpaceX's Bitcoin addresses holding nearly 20,000 BTC". The Block. Retrieved April 27, 2024.
  19. ^ Nina Bambysheva (February 27, 2023). "Liquid Staking Takes DeFi By Storm With $240 Million Lido Inflow, Apparently From Justin Sun". Forbes. Retrieved April 27, 2024.
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