{"id":51217,"date":"2023-07-12T04:37:02","date_gmt":"2023-07-12T04:37:02","guid":{"rendered":"https:\/\/lydian.io\/?p=51217"},"modified":"2023-07-12T04:37:04","modified_gmt":"2023-07-12T04:37:04","slug":"arkhams-ceo-dismisses-claims-of-a-snitch-to-earn-program-saying-its-about-finding-bad-actors","status":"publish","type":"post","link":"https:\/\/lydian.io\/arkhams-ceo-dismisses-claims-of-a-snitch-to-earn-program-saying-its-about-finding-bad-actors\/","title":{"rendered":"Arkham's CEO dismisses claims of a \"snitch-to-earn\" program, saying it's about finding bad actors","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"<div class='booster-block booster-read-block'>\n                <div class=\"twp-read-time\">\n                \t<i class=\"booster-icon twp-clock\"><\/i> <span>Read Time:<\/span>2 Minute, 11 Second                <\/div>\n\n            <\/div><p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=840\/https:\/\/s3.cointelegraph.com\/uploads\/2023-07\/2ff36002-3107-4595-913d-9482c0ab07f8.jpg\" \/><\/p>\n<p>The top of startup blockchain intelligence platform Arkham has refuted claims by the crypto neighborhood that his new Intel Alternate is a \u201csnitch-to-earn\u201d or \u201cdox-to-earn\u201d system .<\/p>\n<p>In a July 11 Twitter house, Arkham CEO Miguel Morel mentioned the general public relations debacle unfolding within the market this week.<\/p>\n<p>Arkham's Intel Alternate aimed to \"deanonymize the blockchain\" by rewarding customers with a brand new token, ARKM, for revealing the identities behind in any other case nameless blockchain addresses.  It was launched as a token sale on Binance Launchpad this week.<\/p>\n<p>The platform rapidly drew a whole lot of criticism on Crypto Twitter and was dubbed a \"snitch-to-earn\" scheme.<\/p>\n<p>Morel contradicted these claims, citing the platform as being designed to uncover scammers and hackers behind crypto exploits. <\/p>\n<p>\"Publicly out there blockchains are in all probability the worst method to maintain personal data personal,\" he stated, including that Arkham would stay accountable for the information:<\/p>\n<p>\u201cIt is not a very free market.  So it isn't like anyone can simply submit any data after which it may possibly go surfing.\u201d <\/p>\n<p>\"There are a selection of restrictions and tips that we'll all put in place,\" he added. <\/p>\n<p lang=\"en\" dir=\"ltr\">I'll be part of that <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/MarioNawfal?ref_src=twsrc%5Etfw\">@MarioNawfal<\/a>  CryptoTownHall at 14:45 UTC for an open dialogue about Arkham and our new Intel-to-Earn ecosystem.  <\/p>\n<p>See you there!<a rel=\"nofollow\" href=\"https:\/\/t.co\/PEfHI8aLBw\">https:\/\/t.co\/PEfHI8aLBw<\/a><\/p>\n<p>\u2014 Miguel Morel |  Arkham (@RealMiguelMorel) <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/RealMiguelMorel\/status\/1678762036778643456?ref_src=twsrc%5Etfw\">July 11, 2023<\/a><\/p>\n<p>Morel defined that the primary focus of his data sharing is to find buying and selling corporations, market makers, exchanges and really giant establishments.<\/p>\n<p>He added that these giant hedge funds and buying and selling corporations \"earn cash from data on who's shopping for and promoting giant positions of a selected token.\"<\/p>\n<p><strong>Associated: <\/strong><strong>Crypto Hacks And Exploits Seize Over $300M In Q2 2023<\/strong><\/p>\n<p>One other participant within the Twitter House identified that Arkham has a accountability to stop abuse and will facilitate false accusations by so-called \"crypto-sleuths,\" however Morel claimed that that is correctly dealt with. <\/p>\n<p>\"Luckily, it is truly extra rigorously vetted and controlled than one thing like Twitter or Fb as a result of each bounty needs to be accredited.\"<\/p>\n<p>This prompted much more concern from TV presenter Ran Neuner, who stated, \"My drawback is not with the system. My drawback is that your organization is managing the information.\"<\/p>\n<p>Arkham got here below fireplace this week <a rel=\"nofollow noopener\" href=\"https:\/\/twitter.com\/m4gicpotato\/status\/1678462447005618176\" target=\"_blank\">leaky<\/a> Person emails by means of its net hyperlink referral program, which incorporates an simply decipherable string of referral hyperlinks that reveal the referring e mail deal with. <\/p>\n<p><strong>Journal: <\/strong><strong>Ought to crypto initiatives ever negotiate with hackers?  In all probability<\/strong><\/p>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cointelegraph.com\/news\/arkham-ceo-defends-controversial-info-sharing-marketplace\" rel=\u201dnofollow\u201d >Source link <\/a><\/p>\n        <div class=\"booster-block booster-reactions-block\">\n            <div class=\"twp-reactions-icons\">\n                \n                <div class=\"twp-reacts-wrap\">\n                    <a react-data=\"be-react-1\" post-id=\"51217\" class=\"be-face-icons un-reacted\" href=\"javascript:void(0)\">\n                        <img decoding=\"async\" src=\"https:\/\/lydian.io\/wp-content\/plugins\/booster-extension\/\/assets\/icon\/happy.svg\" alt=\"Happy\">\n                    <\/a>\n                    <div class=\"twp-reaction-title\">\n                        Happy                    <\/div>\n                    <div class=\"twp-count-percent\">\n                                 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